EBRD predicts high growth rates of Turkmenistan’s GDP in 2023-2024
16:50 17.05.2023 11037
The European Bank for Reconstruction and Development (EBRD), in its May Regional Economic Prospects review, published its assessment of Turkmenistan’s GDP growth in 2023-2024.
Thus, the EBRD forecasts the GDP growth of Turkmenistan in real terms in 2023 at the level of 6.5%, in 2024 – at the level of 7%.
At the same time, bank experts note the significant contribution of the oil and gas sector of our country to stable GDP growth rates in 2022 and the first quarter of this year at the level of 6.2%. According to experts, this result was achieved due to higher-than-planned production and export of natural gas.
The May review also notes the important role of one of the world’s largest gas fields, Galkynysh, where new wells are being commissioned, which contributes to the further expansion of production and export of Turkmen natural gas.
The EBRD also highlights the growing opportunities of Turkmenistan in regional cooperation in the field of transport. In particular, it is noted that in 2022 the volume of transit cargo transported through the seaport of Turkmenbashi increased by 2.5 times, mainly due to the transit of oil products, chemicals, building materials, metals, food, machinery and spare parts.
The bank’s experts also note the important role of Turkmenistan in enhancing trade and economic cooperation between China, Iran, Central Asia, Turkey and Southern Europe, which is facilitated by the modernization of transport networks and improved logistics capabilities.
In the top of exchange trading – products of TCOR
26 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Massive oil inflow was received at the next well of the Northern Goturdepe field
A powerful oil inflow was recently obtained at a new well No. 392, drilled by employees of the Goturdepe drilling department of the State Concern “Turkmennebit” at the Northern Goturdepe field.
Turkmenistan is ready to offer French businessmen favorable conditions for investment, - Gurbanguly Berdimuhamedov
Turkmenistan is ready to offer French businessmen all favorable conditions for investment and further expansion of mutually beneficial cooperation. This was stated by the Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov, speaking at the Turkmen-French Economic Forum held at the InterContinental Paris - Le Grand Hotel, located in the center of Paris.
Hero-Arkadag and Emmanuel Macron discussed prospects for Turkmen-French cooperation
The National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov, during an official visit to France on May 5, discussed promising areas of bilateral cooperation with President Emmanuel Macron, TDH reports.
At the end of 2021, Turkmenistan leads in the supply of aviation fuel to Georgia
Turkmenistan ranked first in the supply of aviation fuel to Georgia in 2021, Report informs citing the Union of Petroleum Products Importers of Georgia. Over the past year, 57.7 thousand tons of jet fuel were delivered from Turkmenistan to Georgia.