ADB forecasts 6.5% GDP growth in Turkmenistan in 2023, taking into account the growth in production and export of hydrocarbons
14:56 13.04.2023 6475
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.
Participants of the transport conference in Turkmenbashi determined
Delegations from more than 30 states and heads of more than 30 international and specialized organizations confirmed their participation in the forthcoming Transport Conference of Landlocked Developing Countries in the city of Turkmenbashi on August 15-16, which is convened on the initiative of Turkmenistan under the auspices of the UN. This is reported by the website of the Ministry of Foreign Affairs of Turkmenistan.
Installation of equipment in the energy service center of Turkmenistan started
The specialists of the contracting organization – the Çalık Enerji company – have started equipping the Center for the repair and maintenance of power equipment, «Turkmenistan: Golden Age» website reports. The center is being built by order of the State Corporation «Turkmenenergo».
The President of Turkmenistan congratulated Shahbaz Sharif on his election as Prime Minister of Pakistan
President of Turkmenistan Serdar Berdimuhamedov sent congratulations to Mian Muhammad Shahbaz Sharif on his election to the post of Prime Minister of the Islamic Republic of Pakistan.
Ashgabat has become the center for hosting an exhibition of Afghan goods and a business forum between the two countries
On Monday, March 4, exhibition of Afghan goods opened in the capital of Turkmenistan, accompanied by a business forum for the business communities of both countries. Among the priority areas for the development of multifaceted cooperation, the energy sector has been highlighted. A significant delegation of representatives from Afghan government structures, as well as executives and specialists from over 230 companies and firms interested in mutually beneficial cooperation, arrived in Ashgabat to participate in the events.
The President of Turkmenistan launched the construction of new wells at the Galkynysh gas field
Today, on August 23, with the participation of President of Turkmenistan Gurbanguly Berdimuhamedov, a solemn ceremony was held dedicated to the start of construction of new gas wells at the world's largest gas field «Galkynysh» in the Iolotan etrap of Mary region.