Mission of the International Monetary Fund chaired by Martin Sommer for the evaluation of the development of macroeconomic and financial situation, discussion of economic challenges and priorities of economic policy with responsible personnel of the government authorities, representatives of the real and financial sectors and diplomatic community have visited Ashgabat from February 16 to March 6, 2018.

As it was informed at the session of Turkmen Government, the cotton sowing campaign starts on March 23. Cotton grower of Ahal, Lebap and Mary Velayats will commence the sowing on that day, while Dashoguz Velayat will join them on March 28. In this regard, the Head of the State noted that future harvest mainly depends on the compliance with agrotechnical standards during the sowing, therefore it is important that this campaign would be held on time and on high level.

During the session of the Cabinet of Ministers on March 2, President Gurbanguly Berdimuhamedov focused on the objectives of further steadfast development of fuel and energy complex including the improvement of its infrastructure, enhancement of production powers of petrochemical facilities producing wide variety of competitive goods.

Foundation stone laying ceremony of new industrial complex, which is to be built in accordance with the Programme of social and economic development of Turkmenistan in 2018 – 2024 as well as with the objectives set for the textile industry for the increment of the production export volumes, has been held in Kaahka etrap.

2017 was marked by the implementation of large-scale projects for modernization of existing roads, construction of railways and improvement of work of air and maritime fleet of the country. Our state playing important role in consolidation of trust and good neighbourhood in the region plays more active role as a generator of new ideas demanded by the time, which are implemented in the project of international importance.

Ashgabat hosted the meeting of the High-Level Group on Trade and Investment Promotion, acting under the aegis of the Intergovernmental Turkmen-Russian Commission on economic cooperation.

Past week at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan 11 transactions were registered.

The Turkmen-Iranian business forum, dedicated to the various areas of trade and economic cooperation was held within the framework of the XIV specialized exhibition of the Islamic Republic of Iran that showcased the export products and advanced developments of the friendly country in the Turkmen capital.

As reported at the session of the Government of Turkmenistan that reviewed the results of the two months of 2018, the GDP increased by 6.2 percent, with a 4.8 percent growth in the industrial sector, 10.4 percent in transport and communication, 8.4 percent in trade, 3.4 percent in agriculture and 10.1 percent in services.

The Turkmen-Iranian business forum, dedicated to the various areas of trade and economic cooperation was held within the framework of the XIV specialized exhibition of the Islamic Republic of Iran that showcased the export products and advanced developments of the friendly country in the Turkmen capital.