Arzuw NEWS - Turkmenistan news

State of Turkmenistan's economy discussed at government meeting

President of Turkmenistan Gurbanguly Berdymukhamedov held a government meeting during which the situation in the economic sphere was discussed. The meeting was attended by deputy prime ministers, ministers and members of the Security Council.

The Turkmen leader noted that despite the difficult global situation, Turkmenistan's macroeconomic indicators remain stable. According to the results of the past two months, the country has seen a 5.9 percent economic growth.

According to available data, the volume of investments in the Turkmen fuel and energy complex has exceeded $ 8.8 billion and 93% of them have already been used.

Construction and industrial complex of the country has also managed to attract more than $2.68 billion foreign loans, of which 69.4% has already been mastered.

Foreign investments in the field of transport and communications exceeded $1 billion, and to date they have already been absorbed 67.8%.

Agriculture in Turkmenistan was able to attract and fully develop $822.2 million.

According to the latest data, the balance on loans is $607.7 million, of which $145 million should be paid by the end of this year. The Chairman of the Turkmen Central Bank heard a report on this issue. The head of the country's Vnesheconombank made a report on measures taken to attract foreign investments in accordance with the Program on development of state foreign economic activity adopted until 2025.

Concluding the meeting, the Turkmen leader called on leaders at all levels to organize work aimed at increasing Turkmenistan's export potential, which will eventually increase the inflow of foreign funds into the country.

Source: turkmenistan.gov.tm

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