ADB forecasts 6.5% GDP growth in Turkmenistan in 2023, taking into account the growth in production and export of hydrocarbons
09:56 13.04.2023 9536
The Asian Development Bank (ADB) predicts Turkmenistan’s GDP growth in 2023 at 6.5 percent, which is the highest among Central Asian countries. This is stated in the April review of the ADB, published on the bank’s website.
“This forecast assumes higher capital expenditures and continued strong demand for hydrocarbon exports. Oil and gas production and exports will continue to grow steadily during this period, with prices expected to remain high and export volumes to increase,” the ADB report says.
ADB noted that Turkmenistan’s GDP growth reached 6.2 percent in 2022, reflecting an increase in hydrocarbon exports, mainly natural gas, at higher prices and growing domestic demand for goods after the end of the COVID-19 pandemic. Hydrocarbon exports increased mainly to China, Azerbaijan and Iran.
Arkadag hosted the International Investment Forum
The international investment forum “Arkadag – “smart” city” took place literally the next day after the grand opening of the first stage of the new city.
Oil bitumen and polypropylene became the subject of transactions at the auction
16 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
OPEC seminar in Vienna to discuss energy security, energy transition and financing
In Vienna, in the Hofburg Imperial Palace (Austria), on July 5-6, the 8th OPEC International Seminar "Towards a Sustainable and Inclusive Energy Transition" will take place.
Serdar Berdimuhamedov: Turkmenistan considers relations with the SCO in a strategic way
Turkmenistan considers relations with the Shanghai Cooperation Organization in a strategic way. This was stated by President Serdar Berdimuhamedov, speaking online on Tuesday at a meeting of the Council of Heads of State of the SCO Member States as a guest of the chairman.
Recep Tayyip Erdogan congratulates the head of Turkmenistan on the successful opening of Arkadag smart city
Turkish President Recep Tayyip Erdogan, in a telephone conversation with the head of Turkmenistan on Friday, congratulated Serdar Berdimuhamedov on the commissioning of the facilities of the first stage of construction of the "smart" city of Arkadag, TDH reports.