In January-June, GDP growth in Turkmenistan amounted to 6.1%

15:57 14.07.2021 1494

https://www.oilgas.gov.tm/storage/posts/2569/original-160eebe8ad158c.jpeg

 For the first half of 2021, Turkmenistan's GDP grew by 6.1% compared to the same period last year.  This was announced by Vice-Chairman Gadyrgeldy Mushshikov at an enlarged meeting of the government last Friday, at which the results of the country's socio-economic development in January-June of this year were discussed.

 The investment program for 2021 for the period under review was completed by 28%, production in general increased by 5.2%.  The volume of retail trade turnover in January-June in comparison with the corresponding period of 2020 increased by 17.5%, and the volume of foreign trade turnover increased by 3.5%.  The size of the average monthly wages for large and medium-sized enterprises in comparison with the same period last year increased by 10.5%.

 During the meeting, President Gurbanguly Berdimuhamedov focused on the priority aspects of state policy, and also identified key tasks for the near future.

 - The coronavirus pandemic continues to have a negative impact on domestic economic activity, - the head of Turkmenistan said, having emphasized that statistics still confirmed the effectiveness of the measures taken by the government to counter trends in the global economy.

 According to the President, a reliable fiscal and monetary policy is being maintained in the country, and investments in the private and public sectors are increasing.  Currently, about 2.5 thousand large industrial and social facilities are being built with a total value of over $ 37 billion.

 - Harvested 1 million 400 thousand tons of grain, which ensured the food security of the country, - the President continued.

 - According to the outlined plans, the policy of diversification of energy supplies to world markets continues.  The Turkmenistan-Afghanistan-Pakistan-India gas pipeline project and other regional projects are being successfully implemented, -  Berdimuhamedov said.

 The President also noted the fact of timely settlement with China for the received loan funds for the construction of the Turkmenistan-China gas «artery» and receiving profit from the sale of natural gas at the present time.

 Having focused on promising tasks, the head of Turkmenistan named the maintenance of economic and financial stability in the country, an increase in the level of employment of the population, and an increase in foreign direct investment among the urgent ones.

- At present, these issues, together with the tasks of increasing the export potential and ensuring the flow of foreign exchange funds, the large-scale introduction of digital technologies in all economic segments, remain priority areas, - the President said.

 The head of the state made a special emphasis on the importance of intensifying the process of reducing the state's share in the national economy and expanding the share of the private sector in it.

 - The list of objects to be privatized should include individual state-owned enterprises in the energy, transport and communication industries, infrastructure and numerous other objects, - Berdimuhamedov emphasized, having identified the sale of shares, the organization of the stock market and open auctions as the main instruments of this process.

 Having summed up, the President stated that the indicators of the past six months are generally satisfactory.

Other articles
15f3a1e0230338.jpeg
The results of the development of the fuel and energy complex for January-July of this year were discussed at a government meeting

Last Friday, President Gurbanguly Berdimuhamedov held a meeting of the Cabinet of Ministers via digital video communication, at which the results of the development for seven months of the year of all sectors of the national economy, including the fuel and energy complex of Turkmenistan, were discussed.


160b727d3025a2.jpeg
The head of Turkmenistan stated priorities of cooperation within the CIS

Changing world realities demand from the CIS a timely and adequate response, embedding in new coordinates of interaction. It was stated by the President Gurbanguly Berdimuhamedov in an interview to the International Television and Radio Company «Mir», answering a question about the prospects for Turkmenistan's cooperation within the Commonwealth.


1612c78db50090.png
Gasoline produced by TCOR is among the export transactions on the exchange of Turkmenistan

12 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.


15f3a7ca9482ff.jpeg
The industry meeting discussed the results of the fuel and energy complex for 7 months of 2020

Today, on August 17, in the Central building of the oil and gas complex of Turkmenistan, a reporting meeting was held under the chairmanship of Vice-Chairman of the Cabinet of Ministers Myratgeldi Meredov, at which the results of the work of industry enterprises for seven months of 2020, held under the motto "Turkmenistan - Homeland of Neutrality" were discussed.


16041fdc6cc5b2.jpeg
CHRONICLE OF THE ERA OF POWER AND HAPPINESS - YEAR 2020

The oil and gas industry is the leading sector of the national economy, that plays a significant role in the programs of the country's socio-economic development on an innovative basis, approved by President Gurbanguly Berdimuhamedov, and expanding its export opportunities.