Turkmenistan to develop market economy

Turkmen President Gurbanguly Berdimuhamedov named the support and development of entrepreneurship and market relations in different sectors of the country’s economy as one of the main objectives, speaking at his inauguration ceremony held in Rukhiyet Palace in Ashgabat.

At the inauguration ceremony, Berdimuhamedov defined the steps to transform Turkmenistan into an advanced industrialized country.

“Deep processing of hydrocarbon resources based on modern technologies will be carried out, and such high-quality products as gasoline, polypropylene, polyethylene and liquefied natural gas will be produced,” Trend cited the Turkmen president as saying.

Turkmenistan will continue close cooperation with its neighboring and other countries in the fuel and energy sphere. In his speech, Berdimuhamedov stressed the importance of the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.

It was also noted that Turkmenistan doesn’t only have rich hydrocarbon resources, but also ore deposits.

The Turkmen president also mentioned the development of the electric power industry, commissioning of new power plants, increasing the electricity export and promoting the use of solar and wind energy.

Turkmenistan has embarked on a policy of gradual transition to the market economy, which is reflected in the country’s constitution.

1730 views

Read on the subject


More World news

Russia - UK: big game is on

Russia - UK: big game is on

Видео

Both see themselves as Autonomous centers of power, gravitating to different geopolitical projects

Britain officially triggers Article 50 to leave EU

Britain officially triggers Article 50 to leave EU

The UK has formally handed in its notice to the European Union. British EU envoy Tim Barrow delivered a letter by hand to the European Council this afternoon, triggering Article 50 which starts the formal divorce process …

Azerbaijan and Uzbekistan to present new transit route

Azerbaijan and Uzbekistan to present new transit route

Azerbaijan and Uzbekistan are developing a new transit route from Central Asia and Afghanistan, Azerbaijan Caspian Shipping Company said. The main purpose of the agreement reached during the trilateral meeting of leadership of …

TÜROB: Istanbul’s tourism needs urgent measures

TÜROB: Istanbul’s tourism needs urgent measures

Istanbul’s tourism needs urgent measures implemented, otherwise, the city will lose 2017 as well, TÜROB President Timur Bayındır said. He also noted that Istanbul was most hit by Turkey’s tourism …

Vice Speaker of Uzbek Parliament arrives in Georgia

Vice Speaker of Uzbek Parliament arrives in Georgia

A delegation from Uzbekistan, headed by the first deputy of the Oliy Majlis Senate Sodiq Safoyev, arrived in Georgia. It also includes representatives of the Uzbek Railways, the Foreign Ministry and the Ministry of Foreign …

Matvienko: Russia-US relations at very low level

Matvienko: Russia-US relations at very low level

Relations between Russia and the United States are at a very low level, but Russia still hopes for a mutually respectful dialogue on bilateral and international issues, the Russian upper house speaker Valentina Matvienko said, …

Margvelashvili to arrive in Lithuania on March 30

Margvelashvili to arrive in Lithuania on March 30

Georgian President Georgy Margvelashvili will pay a visit to Lithuania on March 30, the president's secretary for affairs, Tengiz Phaladze, said. The detailed program of the visit has not yet been …

How Turkish resorts are trying to recover after upheaval

How Turkish resorts are trying to recover after upheaval

The country has been shaken to the core by an unprecedented drop in tourism

Oil#039s Magic Numbers

Oil's Magic Numbers

The magic range between despair and euphoria for oil producers of roughly $40 to $60 has become so tight

Americans warned against traveling to Southeast Turkey amid terror threat

Americans warned against traveling to Southeast Turkey amid terror threat

US State Department warned American citizens of increased threats from terrorist groups in Turkey.  "Carefully consider the need to travel to Turkey at this time, and avoid travel to southeast Turkey due to the persistent …

more World news