Turkmenistan's GDP growth in January-February 2025 was 6.3%
12:13 10.03.2025 3716
Turkmenistan's GDP growth in January-February 2025 was 6.3%. President Serdar Berdimuhamedov said this at a government meeting on March 7, TDH reports.
The head of Turkmenistan noted that the results of the work carried out over the past two months demonstrate the dynamic growth of our independent state. As at the beginning of the year, GDP indicators in the economy remained at 6.3%.
The country continues to build large industrial facilities, social buildings, including residential buildings, schools, and kindergartens. Transformations in all sectors of the economy are carried out in accordance with the adopted programs, Serdar Berdimuhamedov said. In this regard, the head of state emphasized the importance of continuing to carry out proper work to implement the country's socio-economic development program in 2022-2028.
During the meeting, Vice-Chairman Hojamyrat Geldimyradov reported on macroeconomic indicators for the first two months of the current year. He reported that in January-February, the growth rate in industry was 1%, in construction - 2%, in the transport and communications sector - 11.1%, in trade - 9.9%, in agriculture - 3.3%, and in the services sector - 8.8%.
Compared with the same period in 2024, the overall volume of manufactured products increased by 9.4%. Retail turnover compared with the same period last year increased by 12.1%, and foreign trade turnover - by 8.1%.
The revenue side of the State Budget was executed at the level of 102.1%, and the expenditure side - 97.5%. The amount of wages in large and medium-sized enterprises of the country in comparison with the corresponding period of 2024 since the beginning of the year has increased by 10.9%. Salaries, pensions, state benefits and student scholarships have been financed in a timely manner, Geldimyradov said.
Compared to the same period last year, in January-February the volume of capital investments, mastered from all sources of financing, increased by 27.3%, the Vice-Chairman noted.
President Serdar Berdimuhamedov, having heard the report, emphasized that effective work should be carried out to maintain high rates of GDP growth, and the full implementation of production plans by ministries and industry departments.
Oil prices fall and end the week in the red, Brent - $108.84 per barrel
Oil prices fall on Friday, ending the week with a decline amid fresh signals that the US economy is slowing down and demand for energy resources may decline, Interfax reports.
Raisi: Iran is ready to continue sending Turkmen gas in a swap to Azerbaijan
Iran is ready to continue sending Turkmen gas to Azerbaijan through its territory. Iranian President Ebrahim Raisi stated this on Wednesday at a meeting with President of Turkmenistan Serdar Berdimuhamedov, the Iranian news agency IRNA reported.
Turkmen-Vietnamese business forum aims to realize the potential of bilateral cooperation
On June 29, the capital of Vietnam hosted a Turkmen-Vietnamese business forum aimed at developing new solutions and approaches to realizing the potential of bilateral cooperation and building up trade and economic relations between Turkmenistan and Vietnam. This is reported by the website of the Foreign Ministry of Turkmenistan.
Turkmen-American Business Forum Discusses Promising Areas of Mutually Beneficial Partnership
On December 16, the Turkmen-American Business Forum was held in the building of the Chamber of Commerce and Industry of Turkmenistan, during which issues of bilateral cooperation were discussed, and plans for the near future were outlined.
President of Turkmenistan holds meeting with Petronas management
President of Turkmenistan Serdar Berdimuhamedov visited the headquarters of Petronas, the country's largest oil and gas company, during his official visit to Malaysia on December 18-19. During the meeting, the head of Turkmenistan discussed with the company's management priority areas of bilateral cooperation, the current state and prospects of partnership between Turkmenistan and Petronas in the energy sector, TDH reports.