President Gurbanguly Berdimuhamedov signed a Resolution prescribing all enterprises, institutions and organizations (with the exception of credit institutions), regardless of the type of ownership, to switch to International Accounting and Financial Reporting Standards as from 1 January 2019.

In his speech to the Elders’ Council in October, President Gurbanguly Berdymuhamedov identified wider use of cutting-edge space technology in various sectors of the national economy as key short-term tasks. By a decision of the head of state, some 1 billion 300 million manats are to be allocated for the domestic space industry development in 2018-2024.

Past week at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan 21 transactions were registered.

Construction of a large industrial complex with a factory for the production of quartz sand - the main raw material for glass production started in 2015. The project was implemented within the framework of state import substitution and export-oriented programs.

The construction of the railway in Afghanistan for the support the development of Turgundy railway station is carried out according to the schedule.

The capital hosted regular session of Turkmen – American business council, which agenda included the perspectives of further development of bilateral cooperation.

Past week at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan 158 transactions were registered.

Reporting during the meeting of the Cabinet of Ministers of Turkmenistan, Vice Premier D. Amangeldiev, who is in charge for the spheres of energy, construction, utilities and the the Turkmen capital, noted that in January-November, 2017, Turkmenistan exported three billion 246 million 737 thousand kilowatt hours of electrical energy.

The development of the fuel and energy complex of Turkmenistan in January – November, 2017 is characterized by the stable growth.

In January-November, 2017, the GDP growth rate in Turkmenistan made up 6.5 percent.