• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10486 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10486 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10486 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10486 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10486 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10486 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10486 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10486 0.48%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 187 - 192 of 303

Turkmenistan’s GDP Expands by 6.3% in First Quarter of 2024

In the first quarter of 2024, Turkmenistan demonstrated stable economic growth, President Serdar Berdimuhamedov said at a meeting of the Cabinet of Ministers, where the results of the first three months of this year were summarized. Berdimuhamedov stated that positive dynamics are evident in the key economic indicators. Specifically, industrial production increased by 4.7 %, the transport and communication sector by 6.6%, the service sector by 7.6%, the trade sector by 8.2%, and the agricultural sector by 4.1%. The country's average salary also rose by 10% in the first quarter. In addition to the country’s economic growth, the president observed that the country is rapidly developing its large industrial and social infrastructure, which includes new villages, residential buildings, entertainment and medical facilities, and supporting families with new schools and kindergartens. These initiatives are being carried out in accordance with Turkmenistan's 2022–2028 socioeconomic development strategic program.

Turkmenistan Poised to Supply Energy Resources to Tajikistan

Energy-rich Turkmenistan is now ready to increase its supply of oil products, as well as electricity and natural gas to Tajikistan through the territory of Uzbekistan. The announcement was made by Gurbanguly Berdimuhamedov, chairman of Turkmenistan’s People’s Council, during negotiations with Tajikistan President Emomali Rahmon in Dushanbe on April 4th. With an emphasis on the need to increase bilateral trade, the meeting focused on the expansion of Tajik-Turkmen cooperation in oil and gas, chemistry, industry, and agriculture. Berdimuhamedov identified transport as a priority vector in the two countries’ partnership stating, “Today there is every opportunity to intensify cooperation to create a transport route from Tajikistan to Turkmenistan’s Caspian coast, with further access to Iran and on to the Persian Gulf and Turkey. This is the shortest route from China to Europe and the Middle East.” The two leaders also addressed environmental issues and in particular, strengthening the International Fund for Saving the Aral Sea (IFAS); a key structure aimed at ensuring cooperation in improving the environmental and socio-economic situation in the Aral Sea region.

Turkmenistan’s Balkan Shipyard to Partner with Dutch Company

A group of managers from Turkmenistan's Balkan Shipyard visited the Netherlands recently, and held a number of meetings with local shipbuilding companies, the Turkmen company reported. Balkan Shipyard is interested in constructing dredgers -- boats or barges fitted with special machines that are used to deepen existing harbors, rivers, and canals -- in Turkmenistan, as well as providing their staff with further training. The shipyard's managers discussed the production of an electric dredger with the managements of three Dutch companies: De Klopp BV, Royal IHC and Damen Shipyards Group. As a result of these meetings, Balkan Shipyard has announced that the CSD 650 dredger will be built at a shipyard in Turkmenistan, supervised by engineers from Damen. In October 2023 managers from the state agency Turkmendeňizderýaýollary (Turkmen Sea and River Roads) discussed with Damen Shipyards Group the possibility of building a dredger at a factory in Turkmenistan. Additionally, Korea’s Koryo Shipbuilding Industry Technology Co., Ltd. has reportedly transferred some proprietary construction technologies to Balkan Shipyard, which will increase the capacity of the Turkmen factory from four to five vessels per year.

Turkmenistan to Host Another Exhibition of Afghan Goods

Afghanistan's Ministry of Industry and Trade has announced that it intends to hold an exhibition of its export goods in Turkmenistan, according to a bulletin from Turkmenistan's Union of Industrialists and Entrepreneurs. To increase exports and international trade, the Afghan ministry intends to host over 30 exhibitions both domestically and internationally in the coming months. After the previous exhibition of their products held on March 4-6 of this year, Afghan manufacturers signed a number of contracts with Turkmen companies. Gurbanguly Berdimuhamedov, chairman of the Halk Maslahaty (People’s Council) of Turkmenistan, ordered 100,000 cubic meters of marble from Afghanistan, to be used in the construction of buildings in the city of Arkadag. Turkmenistan also will buy 50,000 tons of iron and 6,000 tons of steel beams.

Kazakhstan Wants to Import Gas, Electricity From Turkmenistan

Kazakhstan’s energy minister Almasadam Satkaliev voiced the idea of importing energy from Turkmenistan at a government meeting on March 26. “We have regular discussions about the supply and exchange of energy resources with our Central Asian counterparts. Turkmenistan is able to provide electricity. At the moment, [Turkmenistan] exports to Kyrgyzstan,” said Satkaliev. He added: “We act on our own needs and repair schedule. We are ready to consider the proposals of our Turkmen colleagues for both gas and electricity, based on their commercial attractiveness for our consumers.” Satkaliev further stated that although Turkmenistan had not yet disclosed any official prices for power or gas, Kazakh companies themselves would clarify the details to determine the commercial attractiveness of the offer. Earlier this month, news outlet Chronicles of Turkmenistan reported that the head of the country's parliament, Gurbanguly Berdimuhamedov, has spoken of Turkmenistan's willingness to export natural gas and electricity to Kazakhstan, Azerbaijan, and Turkey.

Turkmenistan’s Government-Supplied Agricultural Services Soar in Cost

The prices for several services provided by the state to farmers in Turkmenistan have increased several times over, according to a report from news portal Turkmen.news after reviewing documents showing the old and new prices for government goods and services. The price levels in the table are separated by different productivity per hectare, which, in turn, depends on the specific area of the crop. The table defines six stages of medium-fiber cotton yield from 7 (previously 6.4) to 40 centners (one centner is 100kg) per hectare. The price of mineral fertilizers for 1 hectare was 146.64 manat ($7.5 at market rate) in the past, but since the start of 2024 it has increased to 878.7 manats ($45). Seeds for 1 hectare were delivered for 38.83 manat ($2), and now for 103.51 manats ($5). It used to cost 53.88 manat ($2.50) to irrigate 1 hectare of land, but now it costs 208.6 ($10.50). The table also calculates the income of farmers based on all these costs. Before the recent increase in cotton and grain prices, the lowest-yielding tenants received 960 manat ($49) per hectare, and after all subtractions, they were left with just 8.6 manat ($0.40). For fields of the high productivity category - 40 centners per hectare, the standard initial income is 20,000 manat ($1,000), and after fees for state services - 15,000 manat ($770) per hectare. Tenants typically farm from three to 20 hectares, often up to five hectares, depending on their means. These are mostly useless, low-fertility croplands. There remains one glaring problem beyond the price hikes for government services and goods. In practice, farmers' costs aren't limited to payments for the aforementioned services. Firstly, farmers have plenty of informal costs. For example, a tractor driver hired by a farmer doesn't go to the field for free; they should be paid at least 100 additional manat just for showing up. Furthermore, things like timely supply of high-quality and mold-free seeds and fertilizers, the battle with chronic drought - all of these hindrances require large amounts of money to overcome. Second, the official quotas for fertilizer distribution by the state are greatly underestimated. Under government guidelines, 370 kilograms of urea and 500 kilograms of nitrogen are allocated for each hectare. According to the calculations of experienced farmers, at least 600 kilograms of urea are needed per hectare. But it's impossible to get that much at the state price, so one must buy additional fertilizers from private traders at a completely different, higher price. As a result, many villagers hand over their crops to the state and become indebted for all the above services. Villagers are looking for all kinds of additional ways to earn money, most of which are illegal. So, they rent fields for cotton and grain, but at the same time they grow vegetables on a part of the land. But this requires a more expensive rent payment and a separate contract. The result is that most of the farmers are giving up farming altogether and attempting...