President: the economy of Turkmenistan is developing in accordance with the adopted programs
10:42 26.08.2020 11291
Despite the coronavirus pandemic and its negative impact on the global economy, the current state of the national economy indicates that our state continues to develop in accordance with the adopted programs, President Gurbanguly Berdimuhamedov said, summarizing the results of economic development of Turkmenistan for January-July 2020.
GDP growth for the reporting period amounted to 5.7%, the construction of large industrial and social facilities continues in the country, the head of Turkmenistan said.
Within the framework of the outlined plans, the reform of science and education systems, the modernization of production are continuing, a market economy is being formed, oil and gas fields are being developed, Berdimuhamedov continued.
The construction of electrical and communication systems Turkmenistan-Afghanistan-Pakistan, the Turkmenistan-Afghanistan-Pakistan-India gas pipeline is underway. The country is consistently implementing a policy of supporting entrepreneurs who are involved in participating in economic reforms, the Turkmen leader said.
Speaking about the tasks facing the government this year, the President noted that it is necessary to give an additional impetus to the implementation of import substitution programs and increase the production of export-oriented products, to effectively use all the reserves available in the sectors of the economy.
Reporting on the macroeconomic indicators for January-July at a government meeting last Friday, Vice-Chairman Gadyrgeldy Mushshikov noted that for seven months of this year, the GDP growth rate was provided at the level of 5.7%. Compared to the same period last year, production in general increased by 4.4%.
In January-July, the volume of retail turnover in comparison with the corresponding period of 2019 increased by 19.3%. Following the results of seven months, the revenue side of the State budget was executed at the level of 108.6%, the expenditure side - by 94.2%.
The average monthly salary for large and medium-sized enterprises in January-July 2020 increased by 10.5% compared to the same period last year. Wages, pensions, state benefits and student scholarships were financed on time, the Vice-Chairman said.
«Dashoguzgazupjunchilik» ensures the efficient use of «blue fuel»
The gas workers of the «Dashoguzgazupjunchilik» department continue to provide reliable and uninterrupted gas supply to consumers in the northern region of our country. Despite the period of maximum loads, qualified specialists ensure the stable functioning of the gas distribution system of the velayat in the heating season.
Turkmenistan and India have great potential for expanding cooperation
On June 6, Foreign Minister of Turkmenistan Rashid Meredov took part in a collective meeting of the heads of foreign ministries of Central Asian countries with Indian Prime Minister Narendra Modi, the Foreign Ministry of Turkmenistan reported.
SC «Turkmengas» takes part in the online exhibition of companies from Central Asia and Japan
Twenty Turkmen companies presented their activities at the Second Central Asia Virtual EXPO (CAVEX II) online exhibition, which runs from January 17 to March 4, 2022. Among the exhibitors representing our country is the State Concern «Turkmengas».
According to the results of January, enterprises of the fuel and energy complex of Turkmenistan ensured a high rate of production growth
The results of the work of enterprises of the oil and gas sector of Turkmenistan for January this year were presented by Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov at a government meeting, which President Gurbanguly Berdimuhamedov held last Thursday via video link.
Representatives of Turkmenistan and Sweden discussed opportunities to expand cooperation
Turkmen-Swedish political consultations were held in Stockholm, during which opportunities to expand bilateral relations were discussed, the Ministry of Foreign Affairs of Turkmenistan reports.