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According to news portal Turkmen.news, clients of a number of banks in Turkmenistan are inexplicably losing money from their accounts due to technical problems. On April 8-9, Dayhanbank customers discovered deficits of several hundred manat in their accounts. The amounts ranged from about 150 ($88.24) to 800 manat ($470.59). and in some cases their accounts were left in the red. When customers complained to the bank, they said it was a technical glitch and everything would be back to normal by the evening. In most cases, the amounts withdrawn was refunded to the customer’s account later that same day. According to the report, only by obtaining a bank statement and carefully checking all expenses would one be able to identify the discrepancy.
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.
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.
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.
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’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.
