Home
\
Economy
\
Agency for Protection from Economic Risks to Assess Foreign Subcontractors
Economy
Agency for Protection from Economic Risks to Assess Foreign Subcontractors
Published 28.04.2017
2488

The President of Turkmenistan signed the Decree prescribing the government agencies, enterprises and organizations, as well as those with state participation, to give consent to their contractors, delivering at their order the works and services specified in the investment projects implemented in Turkmenistan by legal entities, their affiliated branches and representations, to hire as subcontractors the foreign legal entities, their affiliated branches and representations, as well as the enterprises with foreign capital, only if they have the positive conclusion of the Agency for Protection from Economic Risks under the Ministry of Economy and Development of Turkmenistan. The document was developed to achieve the economic efficiency of investment projects implemented in the country; make best use of the potential of local construction enterprises; and protect the national economy from potential specific risks. Pursuant to the Decree, the Agency for Protection from Economic Risks under the Ministry of Economy and Development of Turkmenistan must ensure the issuance of conclusions to foreign legal entities, their affiliated branches and representations, as well as to the enterprises with foreign capital, selected as subcontractors to deliver works and services specified in the above-mentioned investment projects.

Last news
19.06
Negotiations Held Between the President of Turkmenistan and the Prime Minister of Malaysia
19.06
The President of Turkmenistan and the Prime Minister of Malaysia attended an international scientific and practical conference dedicated to the Turkmen-Malaysian partnership
18.06
The official visit of the Prime Minister of Malaysia to Turkmenistan has begun
18.06
Decree of the President of Turkmenistan On Mashalov M.B.
18.06
The first meeting of the Turkmen-Slovak Joint Commission on Economic Cooperation took place in the Turkmen capital
17.06
Working trip of President Serdar Berdimuhamedov to Akhal velayat
17.06
The state concern «Türkmennebit» has been authorised to conclude an agreement to develop licensed blocks in the Turkmen sector of the Caspian sea
17.06
The President of Turkmenistan congratulated the President of the Republic of Iceland
16.06
An innovative path of development - a guarantee of prosperity of society and the state
15.06
President of Turkmenistan held an online working meeting
top-arrow