• Mon. Sep 28th, 2020

Private sector export opportunities are expanding

Mar 22, 2020

 

When many countries impose restrictions on holding mass events, switch to remote work and training, and people are not recommended to be on the street, Turkmenistan has found another solution to this problem. All state and non-state structures are functioning normally. For example, Turkmen entrepreneurs, who account for a significant part of the country’s economy, do not slow down the pace of work at all. This was made possible thanks to the effective measures taken by the government to prevent the introduction of viral diseases into the country. Turkmenistan is currently on the list of those small countries where this dangerous viral disease has not penetrated.

In two months of 2020, entrepreneurs of Lebap velat built and commissioned three objects.

They built a greenhouse in the Sayat etrap, a refrigerator barn in the city of Turkmenabat, and a factory for the production of ceramic bricks in the Charjou etrap. As a result, 50 new jobs were created.

As noted in the greeting of the President of Turkmenistan Gurbanguly Berdimuhamedov to the participants of the exhibition and conference dedicated to the 12th anniversary of the Union of Industrialists and entrepreneurs of Turkmenistan, the role of the private sector in the economy of Turkmenistan is growing. If more than 10 years ago, excluding the oil and gas sector, the share of entrepreneurs in domestic production was only 2 percent, now this figure has exceeded 65 percent.Lebap entrepreneurs also make a significant contribution to this.

In two months of this year, they carried out construction and installation works for 32 million 582 thousand manats. During the same period, financial investments of more than 4 million 584 thousand manats were disbursed. The total cost of manufactured industrial and construction products exceeded 4 million 400 thousand manats. This figure in the areas of trade and services exceeded 95 million 296.5 thousand manats.

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Entrepreneurs of the Lebap velayat are improving their activities. Participation in international exhibitions is increasingly expanding their export opportunities. In February of this year the economic society “Devletlerin” and individual enterprise “Metamessages” took part at the international exhibition in Tashkent (Uzbekistan), where were shown the construction sector.

And other entrepreneurs in the region direct their activities to the production of import-substituting products. The list of goods they export is growing. They ship hundreds of tons of tomatoes and other agricultural products to Russia, Kazakhstan, Uzbekistan, Afghanistan and other countries.

As can be seen from these examples, the country’s economy is not slowing down at all. The head of state keeps the pace of work under strict control, and these issues are regularly discussed at government meetings. Thus, when the world is going through difficult times, the economy continues to grow rapidly in Turkmenistan.

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