According to the results of the first half of the year, the GDP growth rate of Turkmenistan amounted to 6.2%
16:53 17.07.2023 3049
As a result of the practical steps taken in the six months of 2023, a stable GDP growth rate was ensured in Turkmenistan, which increased by 6.2%. This was announced by Vice-Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov, speaking with a report on the country’s macroeconomic indicators for January-June of this year at an expanded government meeting last Friday.
The volume of manufactured products compared to the same period in 2022 is 6.2% more. In the first half of the year, retail trade turnover was 9.3% higher compared to the same period last year, while foreign trade turnover increased by 8%, the Vice-Chairman added.
It was also reported that wages for large and medium-sized enterprises of the country increased by 9.9% compared to the corresponding period in 2022. Wages, pensions, state benefits and student scholarships have been fully funded.
Also during the meeting of the government, it was noted that in January-June of this year, the revenue part of the State budget of Turkmenistan was executed at the level of 113.1%, and the expenditure part – 97.6%.
The volume of capital investments allocated for the development of the national economy from all sources of financing increased in the first half of 2023 by 24.6%, which is 16% in relation to GDP. Of the total capital investments, 49.4% was directed to the construction of industrial complexes, and 50.6% - to the construction of social facilities.
Pakistani Foreign Minister discussed the situation in Afghanistan with the leadership of Turkmenistan
The situation in Afghanistan and further steps to intensify regional cooperation in order to maintain peace and stability in the region were discussed on Thursday at a meeting between President of Turkmenistan Gurbanguly Berdimuhamedov and Pakistani Foreign Minister Shah Mehmud Qureshi, who is on a visit to Turkmenistan, the website of the Foreign Ministry of Turkmenistan reports.
Turkish Çalık Enerji received a financial guarantee for the construction of a power plant in Turkmenistan
The Turkish company Çalık Enerji received a financial guarantee from the German bank Commerzbank and the Swiss Export Credit Agency (ECA) in the amount of US$586 million for the construction of a combined cycle power plant with a capacity of 1,574 MW in the city of Turkmenbashi in the Balkan region of Turkmenistan, the MIC reports.
It is planned to increase hydrocarbon production in Balkan region
In the Balkan region, a key region in the oil and gas sector of Turkmenistan, it is planned to increase natural gas production to 11 billion cubic meters per year by 2025. The head of the Department for Analysis of Economic Risks of the Agency for Protection from Economic Risks under the Ministry of Finance and Economy of Turkmenistan, Hangeldi Gurbangeldiev, said this in a commentary for the official Turkmen press.
Turkmenistan continues to provide electricity to the regions of Afghanistan, - MFA
Turkmenistan continues to supply electricity to neighboring Afghanistan in accordance with existing contracts, the website of the Ministry of Foreign Affairs of Turkmenistan reports.
The TAPI gas pipeline will benefit the entire region, including $1 billion to Afghanistan for transit, – Pakistani Foreign Minister
The implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline is beneficial for the entire region, and Afghanistan alone will receive $1 billion in transit fees and royalties, Foreign Minister Shah Mahmoud Qureishi said on Thursday, the Pakistani Daily Times reported.