Targeting the local industrial sectors at deep development and industrial exploration of the country’s natural resources, President Gurbanguly Berdimuhamedov stresses the necessity of the more active engagement of the Union of Industrialists and Entrepreneurs in this work through offering certain incentives to the enterprises involved in the development of underground treasures.

Construction of 1 thousand 900 major facilities worth over 48 billion USD is currently underway in Turkmenistan. 1 790 of them are being built by the local enterprises.

Production capacities of the new unit, recently put into operation at “Serdar” cotton mill in Kaka district, are expected to produce 1300 tons of cable-spun cotton yarn every year.

By a Resolution of the President of Turkmenistan, Vice Chairman of “Turkmengas” State Concern Myrat Gurbandurdyevich Archaev has been appointed Acting Minister of State of Turkmenistan – Acting Chairman of “Turkmengas” State Concern.

During extended session of the Cabinet of Ministers held on April 5 and dedicated to the outcomes of social and economic development of Turkmenistan for the first quarter of the year, President Gurbanguly Berdimuhamedov outlined objectives for further reformation of economic system of the country, modernization of production sphere, development of market relations, support of private sector and attraction of domestic entrepreneurs to realization of innovative projects in industry.

A current number of the journal “Taxation system of Turkmenistan” came off the press, published by the Main State Tax Service of Turkmenistan in Turkmen, English and Russian languages. Financial-economic issue affords the opportunity to a wide range of readers to be aware of the latest changes in the tax system, and obtain competent legal assistance.

For foreign currency businessmen from Russia bought motor gasoline manufactured at Turkmenbashi oil refineries complex and businessmen from Great Britain, the United Arab Emirates, Afghanistan - straight-run gasoline, motor gasoline, diesel fuel (SOR).

Ashgabat hosted a business forum attended by business communities of Turkmenistan and the Republic of Korea. In addition, a regular meeting of the Intergovernmental Turkmen-Korean Commission for Trade, Economic, Scientific and Technological Cooperation was held.

Over the January-March period of 2017, a sustainable GDP growth, as compared to the same period of 2016, increased by 6.2 percent. In the industrial sector, this figure grew up on 1.8 percent, construction – 4.4 percent, transport-communication sector – 10.8 percent, trade – 10.4 percent, agriculture – 3.4 percent, service sector – 10.8 percent.

In the running year’s first quarter, Turkmenistan increased electricity export. The branch indicators were presented today at a meeting of the Cabinet of Ministers of Turkmenistan, devoted to the socio-economic development results over the January-March period of 2017.