The State Bank for Foreign Economic Affairs of Turkmenistan

Partnership for development!

Construction projects completed in Turkmenistan since the start of the year cost more than $ 4.5 billion

During the nine months of 2017, construction projects were completed in Turkmenistan at a cost of more than $ 4.5 billion. Vice-Premier D. Amangeldiev (who is in charge of construction, energy and municipal services) released the information at the enlarged Cabinet session.

According to the vice-premier, in the period under report, 927 various buildings and facilities were built at the cost of 4 billion 584 million 300 thousand US dollars. The target plan was 103 percent executed with the growth rate standing at 100.3 percent. During that period of time, 1.5 million square meters of dwelling were put into operation. Among the completed projects are hotels and recreational centers, buildings of Ashgabat’s universities, medical centers, general education schools, kindergartens, and others.

338 large projects are expected to be completed by the end of the year.

a tenne

State News Agency of Turkmenistan

Topical issues of the state life are reviewed at the session of the Cabinet of Ministers

State News Agency of Turkmenistan / 28.07.2017 /

Upon arrival from Avaza National Tourist zone, President Gurbanguly Berdimuhamedov held offsite session of the Cabinet of Ministers at International Airport of the capital. The main subjects of the discussion were the key directions of social and economic development of the country, preparation issues of Ashgabat 2017 Games as well as planned sports and mass public events in the capital on July 29 on occasion of 50-day countdown until coming continental competitions in the capital.

Read more ...

State Statistics Committee: the national economy experiences steady output growth

According to the data collected by the State Statistics Committee for the nine months of 2017, many sectors of the economy of Turkmenistan saw a steady increase in output.

As compared to the same period in 2016, the running year’s nine-month production growth rates were identified in percentage terms as follows: natural gas – 7.8; gasoline and diesel fuel – 0.2; lubricants – 1.9; metalwork – 5.1; electric power – 4.8; cotton fabrics – 10.2; leather – 6.3; ready-to-wear clothes and knit goods – 9.4. Steady growth was achieved in the food industry. In the agricultural sector, the production of the following products rose in percentage terms: vegetables – 1.1; melons and watermelons – 8.2; potato – 1.7; fruit – 1.

Goods transportation (all modes of transport) and passenger transportation increased by 12 percent and 3.9 percent respectively from last year.a tenne

State News Agency of Turkmenistan

The session of the Cabinet of Ministers was held

State News Agency of Turkmenistan / 29.06.2017 /

Turning to the subjects of the agenda, the Head of the State gave floor to Deputy Chairman of the Cabinet of Ministers B. Hojamammedov who reported on the activity of the State Standard Centre that carries out metrological tests and comparative analysis of measuring instruments used in oil and gas sector, agriculture, health care, trade and other fields.

Read more ...

Comprehensive development of Turkmenistan is evaluated at the extended session of the Government

On October 5, President Gurbanguly Berdimuhamedov held extended session of the Government where outcomes of work of the branches of economy and social sector, implementation of the state programmes for nine months of the year were reviewed and the objectives for future period were outlined.

Having announced the agenda, the Head of the State gave floor to Minister of Finance G. Myradov who reported on the fulfilment of the State budget as well as on the outcomes of work of financial and budget system for three quarters of 2017.

The revenue of the main financial plan for nine months of the current year was fluffed for 122.3 percent while the expenditure for 91 percent. 79.6 percent of the budget were drawn for financing of social sphere for January – September.

Salaries of the personnel of budget sphere, pensions, state allowances and students scholarships have been timely and completely financed.

All payments have been settled under implementation of relative Resolution of the President of Turkmenistan for January – September.

130 sessions of balance commissions have been held for the period under review including 190 session of the central commission, 42 sessions of the ministries and departments and 79 sessions of the regional commissions, during which financial and economic indicators of these ministries and branch departments as well as 464 large entities, enterprises and organizations have been analysed.

Having listened to the report, the President noted the necessity of further diversification of the economy for provision of its stability in long-term period.

The Head of Turkmenistan also focused the attention of the issues related to the activity of the Institute of Strategic Planning and Economic Development. It is necessary to prepare scientifically based recommendations for further consolidation of the country’s role in the world economic relations, the Head of the State highlighted, having addressed the Minister with number of specific orders. The development of small and mediem entrepreneurship is one of the key targets for today, the Leader of the Nation continued, having requested to take actual measures in this direction.

After, Chairperson of the State Committee for Statistics A. Orayeva made report on economic indices of the ministries and departments of the country for January – September of the current year.

Comparing with the same period of 2016, the growth of production of natural gas made 7.8 percent, metal construction – 5.1 percent, electrical energy – 4.8 percent, cotton fabrics – 10.2 percent, leather 6.3 percent, knitted and fabrics – 9.4 percent. The volume of cement production reached 2 million 734.2 thousand tons what is equal to the last year index. Stable indices have been also provided in important sectors of food industry.

The volume of cargo traffic made by all transportation means increased to 12 percent comparing with the same period of the last year including by automobile transport to 4.6 percent and railroad transport to 2.6 percent. The growth rate of passenger traffic made 3.9 percent for nine months of the year including automobile transport where this index made 3.5 percent and air transport with 10.7 percent. The volumes of incomes for the services rendered to the population in communication sphere have also increased.

Information on statistics data I export has been also given. Thus, total volume of this index increased to 7.9 percent for January – August comparing with the same period of the last year.

After, Minister of Economy and Development B. Bazarov reported on the results of activity of the structure under his supervision for nine months of the year.

According to the results, the volume of drawn investments from all sources of financing made 39.4 billion manats where 48 percent are the share of construction of production facilities and 52 percent for social and cultural facilities.

1 billion 410.1 thousand manats were drawn under National Programme for the reformation of social and living conditions of the population of the villages, settlements, etrap cities and etrap centres until 2020 in new edition.

Information on the course of the State programmes for production of import substitutive goods and increase of export volumes was also given. Thus, construction of 8 facilities has been completed for nine months, 74 facilities are under construction and budget and design documentation is elaborated as well as relative organization activities are carried out for 39 facilities.

49 objects have been privatized for the period under review and 52.9 million manats were transferred to the State budget. The finances received from the lease of the State property made 96.2 million manats.

As of October 1, 2017, 525 legal entities have been registered in the Integrated State Register of Legal Entities of Turkmenistan. 8.5 million manats were received by the State budget from patent activity of the State Service for Intellectual Property of the Ministry of Economy and Development. 25 inventions, 23 industrial samples and 457 trade marks have been registered by the Integrated State Register.

Chairman of the Central Bank M. Annadurdiyev reported on the outcomes of work of banking establishments for nine month of the year. Speaking of the fulfilment of the plan for receibibg of foreign currency to the accounts of the ministries and departments for rendered services, the Head of the Central Bank informed that this index made 111.96 percent comparing to the same period of the last year and the plan is executed for 125.02 percent.

Having listened to the report, the Head of the State highlighted that provision of the economy of the country with necessary volume of financial means by regulation of money flow and control of its circulation remain the main objectives of banking sphere.

The Head of Turkmenistan informed on the decision to united two ministries – the Ministry of Finances and the Ministry of Economy and Development and to found the Ministry of Finances and Economy on their base. Attraction of the investments to economy, modernization of economic and financial structures and diversification, improvement of competiveness on the world markets will be among actual directions of its activity.

After, the President released Deputy Chairman of the Cabinet of Minister for economic affairs, work with banking and international financial structures O. Gurbannazarov from his temporary duties.

G. Myradov has been appointed as the Vice Premier for economic affairs, work with banking and international financial structures.

The Head of the State requested to present the main financial document to the review by the Mejlis of Turkmenistan upon its completion. It is necessary to stipulate the increment of salaries, pensions, state allowances, scholarships as well as number of other social allowances in the State budget for 2018, - the President of Turkmenistan highlighted.

After, Deputy Chairman of the Cabinet of Ministers m. Babayev reported on the work of the enterprises of fuel and energy complex for nine months as well as on implementation of the Programme of the development of oil and gas industry of Turkmenistan until 2030.

The information on the indices achieved in production of oil and gas condensate as well as in hydrocarbon resources processing was given. It was informed that the plan for gasoline production is fulfilled for 106.7 percent, diesel fuel production for 103.5 percent, polypropylene for 111.1 percent, lubrication oils for 102.1 percent, liquefied gas for 113.9 percent. Comparing with the same period of the last year, the growth rate of production of natural and associated gas made 107.8 percent, export of gas – 108.1 percent, investment drawing for 113.3 percent.

The Plan of geological and technical works for 2018 – 2024 stipulating active development of new deposits Northern Goturdepe, Altyguydy and Yzanda has been elaborated for increase of production volumes by the State Concern Turkmenneft.

The Vice Premier also reported on construction of Turkmen part of gas pipeline Turkmenistan – Afghanistan - Pakistan – India, which is carried out according to the schedule.

Summing up the report, President Gurbanguly Berdimuhamedov highlighted that is necessary to pay special attention to increment of the volumes of production of oil and gas processing and attraction of foreign investments to the country.

Next, Deputy Chairman of the Cabinet of Ministers M. Aydogdiyev reported on the results of work of the branches under his supervision for January – September of the current year.

It was reported that production plan of the Ministry of Industry for designated period was fulfilled to 108.7 percent and the plan of the Ministry of Textile Industry to 110.2 percent.

The State Concern Turkmenhimiya performed production plan for 102.6 percent for nine months of the year.

The State Committee of Fishery made production to the amount of 6 million 920 thousand manats and the production plan is fulfilled to 107.4 percent for the period under review. The growth rate made 9.6 percent.

Having listened to the report, President Gurbanguly Berdimuhamedov highlighted the necessity of implementation of the programme of the developemtn of industrial branches aimed at improvement of production potential, increase of volumes of quality import substitutive and competitive export production.

Having noted that the State Concern Turkmenhimiya systematically fails to fulfil set production objectives on timely provisions of necessary volumes of mineral fertilizers to agricultural sector, the Head of the State made a decision to release Sh. Meretliyev for his duties of the Chairman of the State Concern and on the appointment of Niyazly Niyazliyev to this position.

The Minister of Industry A. Tuyliyev and the Minister of textile Industry N. Gayliyev have been also reprimanded for reduction of the volumes of export production.

Besides, Speaking to the member of the Cabinet of Ministers, the President informed on his decision related to privatization of the State Association Turkmenhaly, having requested to the Ministry of Finances and Economy of Turkmenistan to exercise relative tenders as well as to prepare necessary documents for new structure in this regards.

Deputy Chairman of the Cabinet of Ministers B. Annameredov made report on the activities of transport and communication sphere for January – September 2017.

Totally, the plan for services by transport and communication complex is fulfilled to 101 percent and the growth rate made 104 percent at the same time.

The growth rate of cargo and passenger traffic of the Ministry of Railway Transport made 103 and 100.1 percent respectively.

The growth rate by the Ministry of Automobile Transport made 100 percent. This index reached 103 percent in cargo traffic and 101.1 percent in passenger traffic.

The growth rate of works fulfilment is equal to 104 percent for January – September by the Ministry of Communication.

The growth rate of aviation services by Turkemnhowayollary Service reached 129 percent. This index made 120 and 108 percent accordingly in cargo and passenger traffic.

The growth rate of works by the State Service of Maritime and River Transport made 108 percent.

The President of Turkmenistan reprimanded Minster of Railway Transport D. Byashimov for reduction of volumes of passenger and cargo traffic. Head of the State Gurbanguly Berdimuhamedov also reprimanded the Minister of Communication B. Ovezov for reduction of volumes of services and signed relative Resolution.

Deputy Chairman of the Cabinet of Ministers D. Amangeldiyev reported on the works for development of Ashgabat as well as on the outcomes of the activities of the branches under his supervision from the beginning of the year.

Volumes of work performed for January – September by the structures of the capital administration made 322 million 721 thousand manats and the plan was executed to 100 percent. Comparing with the same period of the last year, the growth rate made 132.5 percent.

The Ministry of Construction and Architecture produced the works and services to the amount of 117 917 manats and the plan is fulfilled to 103 percent with 100.3 percent of the growth rate.

Production and works to the amount of 836 462 manats was made by the Ministry of Energy with 109.9 percent of plan fulfilment and 101.6 percent of the growth rate.

18 360 611 000 kW/hours of energy were produced for reported period. Comparing with the same period of the last year, the growth rate made 103.8 percent. The export of energy is equal to 2 870 835 000 kW/hours with the growth rate of 103.2 percent.

Works and services by the Ministry of Municipal Service for January – September was executed to the amount of 207 808 000 manats what made 110.4 percent of the plan with growth rate of 112.5 percent.

The State Concern Turkmenautoyollary made production and servies to the amount of 543 084 000 manats, the plan is fulfilled to 102.5 percent. Comparing with the same period of the last year the growth rate made 101.2 percent.

After, the President of Turkmenistan listened to the information of the Chairman of the Supreme Control Chamber G. Gylyjov on the outcomes of the inspection of construction sites in Ashgabat and shortcomings revealed in this field.

Having listened to the report, President Gurbanguly Berdimuhamedov, speaking to D. Amangeldiyev, Deputy Chairmen of the Cabinet of Ministers and Hyakim of Ashgabat Sh. Durdiliyev, demanded to provide strict control of construction works in the city.

Deputy Chairman of the Cabinet of Ministers O. Gurbannazarov reported on the outcomes f activity of trade complex for January – September of the current year.

By the Ministry of Trade and Foreign Economic Affairs, total volume of trade turnover made 3 503 700 000 manats including 1 290 800 000 manats in retail and 2 212 900 000 manats in wholesale trade.

Comparing with the same period of 2016, these indices increased to 14.6 and 2.7 percent respectively.

185 trades where 13 086 contracts have been registered was held by the State Commodity and Raw Materials Exchange for the period under review.

Services to the amount of 13 300 000 manats was rendered by the Trade and Industrial Chamber.

The Union of Industrialists and Entrepreneurs made industrial production to the amount of 639 300 000 manats and its volume increased for 36.3 percent, agricultural and food production to the amount of 953 900 000 manats with 42.6 percent increment. The volume of construction and installation works made 4 640 100 000 manats with growth rate of 7.5 percent. The works to the amount of 748 000 manats were fulfilled in service sphere with growth rate of 12.8 percent.

Having highlighted that large events are planned in the near future, the Head of the State requested to provide food and industrial goods abundance in the shops and markets during celebration days.

Next, Deputy Chairman of the Cabinet of Ministers S. Toyliyev repored on work in the spheres under his supervision for past nine months of the year.

165 items of textbooks and learning manuals have been published for reported period.

Local school students participated in international subject and projects contests having won 80 medals: 110 gold, 25 silver and 44 bronze medals. 21 medals where 4 gold, 6 silver and 11 bronze medals were added to the collection of intellectual achievements by our university students. Besides, while participating in international Internet contests, the students of schools, high and secondary professional institutions won 141 gold, 151 silver and 18 bronze medals and different diplomas.

Reporting on the results of work in national health protection system, the Vice Premier noted that International Endocrinology and Surgery Centre has been commissioned in Ashgabat on September 1.

The growth rate of finance volumes received from the State voluntary medical insurance made 108 percent, from production and services – 111 percent and from pharmaceutical production – 103 percent.

Next, Minister of Education P. Agamyradov reported taking into account the improvement of social and living level of the population and in accordance with the Law of Turkmensitan on Education as well as for expansion of paid educational services to the population, the Ministry drafted proposals on further activation of the reforms in this sphere.

After, the floor was given to Minister of Health Protection and Medical Industry N. Amannepesov who reported on work carried out in his structures.

It was reported that draft Resolution on improvement of medical services rendered to the population including number of provisions aimed at successful solution of the tasks of this sphere was prepared for further development of domestic health protection system based of the Laws of Turkmenistan on the Health Protection of the Population and On Medicines Provision.

President Gurbanguly Berdimuhamedov approved presented draft Resolution and requested to organize proper work together with non-governmental organizations and mass media for explanation of the provisions followed from this document to the population.

Deputy Chairman of the Cabinet of Ministers A. Garajayev reported on the outcomes of activity of the structures under his supervision for nine months of the current year.

It was mentioned that from the beginning of the year the Days of Turkmenistan Culture have been held in number of foreign countries. Cultural actions aimed at introduction of culture and arts of friendly states to Turkmen people have taken place in Ashgabat. Movie demonstrations, art exhibitions and performances of foreign art masters have been organized in reported period.

Representatives of national cultural sphere made working visits abroad for participation in different events.

Work for improvement of the activity of theatres, museums and libraries are steadily performed. 385 000 people have visited the museums of the country what considerably exceeds the indices of the last year.

Turkmen State Publishing Service made production to the amount of 106 871 000 manats and the plan is fulfilled to 136.5 percent. 350 books were published. Printing production of Turkmenistan received high remarks at international exhibitions.

The income, received from financial activity of the State Committee for Tourism made more than 31 070 000 manats. 101.5 000 tourists have been served from the beginning of the year.

National mass media steadily works for explanation of the meaning and essence of grandiose changes made in the country under the leadership of the Head of the State and introduction of the world community with the achievements of modern Turkmenistan in different spheres.

Having listened to the report, President Gurbanguly Berdimuhamedov highlighted the importance of further development of cultural sphere and mass media in accordance with time demands and taking into account the world achievements in these spheres, having given specific orders to the Vice Premier.

During the session, the Head of the State signed the documents on appointment of G. Myradaliyev as the Deputy Minister of Culture of Turkmenistan.

Chairperson of the Mejlis of Turkmenistan A. Nurberdiyeva informed on the activity of National Parliament for nine months of the year.

Number of laws and resolutions of the Mejlis of Turkmenistan have been adopted at the sessions of National Parliament during this period. The work for elaboration of bills aimed at further provision of the development of all branches of national economy is continued.

For improvement of cooperation and inter-Parliamentarian relations, the deputies of the Mejlis have taken part in international events and seminars and have visited foreign countries wit working visits for study if the experience in law making sphere.

Preparation of the State budget for 2018 is carried out together with ministries and departments.

After, the Chairperson of the Parliament informed in details on preparation of coming session of the Council of the Elders in Ak Bugday etrap of Ahal Velayat.

Focusing the attention on preparation of the State budget for 2018, President Gurbanguly Berdimuhamedov requested to elaborate it in details and to adopt.

Deputy Chairman of the Cabinet of Ministers, Foreign Minister R. Meredov reported on the activity of the Ministry of Foreign Affairs for implementation of the Concept of Foreign Policy Course of the country for 2017 – 2023.

It was highlighted that Turkmenistan successfully develops friendship and constructive cooperation relations both in bilateral and multilateral formats under competent international organizations. This is visually indicated by high-level talks and meetings held from the beginning of the year.

Consolidation and expansion of fruitful relations via through the embassies are the priorities of foreign policy activity of our country. As for today, Turkmenistan has established diplomatic relations with 145 countries of the world.

The consultations between foreign ministries are held systematically. 29 bilateral meetings of this format has been held for the period under review.

Having listened to the report, President Gurbanguly Berdimuhamedov requested to prepare and present the Plan of visits of foreign delegations to Turkmenistan and foreign visits of the Government delegations of our country as well as Order of international conferences for the next year and to present it for the approval.

Director of the State Anti-Economic Crimes Service M. Chakiyev reported on inspections of work of reconstructed plants for production of ferro metal constructions of the Ministry of Industry as well as on other detected violations.

President Gurbanguly Berdimuhamedov noted that improvement of work for prevention and exposure of crimes in economy, officials misuse, detection of bribery in the sphere of government administration, protection of the investments are priority directions of the activity for combating against the corruption.

After, Prosecutor General of the country B. Atdayev reported on the fulfilment of the assignments given by the Head of the State, particularly on the results of inspections carried out in different structures.

Having made an accent on the necessity of strict control of compliance to the law, the President of Turkmenistan gave number of specific assignments for enforcing prosecution control to prevent the crime and suppression of any breaches of existing legislation.

Chairman of the Supreme Court made report on work for review of the complaints received from the population.

Having highlighted that activity of this establishment has to meet comprehensively the tasks and objectives of socially oriented policy led by Turkmenistan, the Supreme Commander gave relative orders to Deputy Chairmen of the Cabinet of Ministers in charge of the velayats as well as to hyakims of velayats and etraps for analysis of the complaints delivered to the Office of the President of Turkmenistan from the population.

The session of the Cabinet of Ministers was continued by the speech of President Gurbanguly Berdimuhamedov where given reports were summarized and integrated evaluation of the outcomes of social and economic development of the country for past 9 months was given.

State News Agency of Turkmenistan

Actual aspects of internal and foreign policy are discussed at he session of the Government of Turkmenistan

On September 29, President Gurbanguly Berdimuhamedov held regular session of the Cabinet of Ministers. First, the floor for report was given to Vice Premier S. Toyliyev who informed about admission of foreign citizens to high education institutions of our country.

According to the agreement on cooperation in educational sphere between the Government of Turkmenistan and the Government of the Islamic Republic of Afghanistan, it was proposed to admit the group of Afghan citizens to study foreign languages at S. Seydi Turkmen State Pedagogic Institute on free basis. 

Besides, it is planned to accept a group of the citizens of the People’s Republic of China on language courses in D. Azadi Turkmen National Instituted of World Languages. 

The Head of the State made an order to accept foreign citizens to Turkmen universities, having instructed to hold under control the conditions for their successful study. 

Speaking to the participants, the Head of the state informed on the abolishment of the Executive Committee for preparation of V Asian Indoor and Martial Arts Games due to successful completion of the Games. 

In this regards, the Head of the State gave one month period for settling of all financial and other issues related to the activity of the Executive Committee as well as for further employment of its personnel. 

The Olympic village is a good base for sports and training of sportsmen, Turkmen Leader said and ordered the Vice Premier to consider and elaborate relative programme to fundamentally re-organize the Olympic village, having made training base for National Institute of Sports and Tourism. 

All services rendered at the Olympic village have to charged and any citizen of the capital would be able to procure subscription for visiting of the complex and doing any chosen sport, - President Gurbanguly Berdimuhamedov has said. 

Deputy Chairman of the Cabinet of Ministers, Foreign Minister R. Meredov informed on the official visit of President of Russian Federation Vladimir Putin to Turkmenistan on October 2. 

It was mentioned that, while steadily implementing foreign policy course based on the principles of positive neutrality, our country aims at wide constructive dialog with all states of the world. the Russian Federation, diplomatic relations with which were established in April 19992, is one of the most important long-term partners of Turkmenistan. Turkmen – Russian cooperation has traditionally friendly and fruitful character and is consolidated by considerable legal and regulatory base including 191 bilateral documents at present. 

The main role in the development of interstate relations is given to high-level meetings. Systematic communications are supported on Government and foreign ministries levels of both countries. Trade and economic sphere, where important role is given to the activity of the Intergovernmental Turkmen – Russian Commission, is one of the priority directions of interstate cooperation. As for the moment, there were ten sessions of this Commission. 

Bilateral cooperation in humanitarian sphere including in scientific, educational and cultural spheres has an active character. This is indicated by regular cultural events. In particular, the Days of Turkmenistan Culture were organized in Vladimir and Moscow in August 2016. 

It is planned to sign number of bilateral documents aimed at further development of long beneficial cooperation in the key directions by the outcomes of coming high-level Turkmen- Russian negotiations. In this relation, the programme of the official visit of the President of the Russian Federation to Turkmenistan was presented to the attention of Head of the State. 

Having listened to the report, President Gurbanguly Berdimuhamedov highlighted that our country and Russia are united by long friendly relations. In modern age, interstate dialog, which is built on the principles of strategic partnership, is actively developing both in bilateral and multilateral formats under large international organizations. 

Both Russian Federation and Turkmenistan support constructive initiatives and suggestions of each other, which are proposed under the UN and other competent structures. Our countries demonstrate the proximity or similarity of the opinions on such key global issues as provision of universal peace and security, counteraction of modern threats and challenges. 

Having noted that Turkmenistan and Russia productively cooperate in large spectrum of directions, the Leader of the Nation highlighted the presence of considerable potential for improvement of efficient cooperation in trade and economic sphere as well as in number of other promising fields. Bilateral contacts in humanitarian sphere like in education, science and culture are also successfully developed.

The Head of the State also stated with delight dynamic character of established partnership with the largest constituent regions of Russian Federation what is supported by regular different events including joint business forums and cultural events. 

Speaking of this, President Gurbanguly Berdimuhamedov highlighted the importance of coming high-level negotiations, which are to be an actual measure for further consolidation and expansion of traditional interstate relations meeting the interests of prosperity of the nations of both countries and to give new specific content to traditional relations. In this context, the President gave number of relative instructions to the Vice Premier, the Leader of the MFA for preparation of the official visit of the President of Russian Federation to Turkmenistan on high organizational level. 

After, Deputy Chairman of the Cabinet of Ministers O. Gurbannazarov reported on the situation in the spheres under his supervision as well as on preparation to the exhibition of economic achievements of Turkmenistan timed to the 26th anniversary of the Independence on October 12 – 13. 

It is expected that ministries, branch departments, enterprises, organizations, local administrations, members of the Union of Industrialists and Entrepreneurs will be the participants of annual review. The exposition will introduce the achievements of the country for the years of the independence in different branches of national economy including in industry and agriculture, construction and energy, transport and communication sector, trade and services, financial and banking complex as well as the results of social and economic reforms implemented in Ashgabat and the regions to the guests. The achievements in health protection, sports and tourism, cultural, scientific and educational spheres will be presented. Certain exhibition halls will be dedicated to the development of non-governmental sector. 

Having listened to the report, President Gurbanguly Berdimuhamedov noted that the main objective of the exhibition is to demonstrate versatile potential of Turkmenistan, which is implemented in the country by large social and economic programmes and international projects, to the world community and our foreign partners. At the same time, it is necessary to use this review for exchange of opinions and experience and establishment of long-term business contacts. Having stressed the attention on the importance of organization of the forum on high-level, the Head of the State addressed the Vice Premier with number of instructions. 

In his turn, Deputy Chairman of the Cabinet of Ministers M. Babayev reported on the outcomes of working visit of Turkmenistan delegation to the Republic of Tatarstan of Russian Federation undertaken by the order of the Head of the State on September 22 – 24. 

During the visit, members of the delegation familiarized themselves with the activity and educational base of the Institute of Geology and Oil and Gas Technologies of Kazan Federal University. 

During the meetings, special attention was paid to such subjects as implementation of advanced technologies and modern scientific developments in geological exploration and drilling, automation, adoption of telemechanics and centralization of production processes in oil and gas sphere. 

The Vice Premier also reported on the work for improvement of the structure of the Board of the State Commission for Mineral Resources under the Cabinet of Ministers of Turkmenistan. 

Having listened to the report, President Gurbanguly Berdimuhamedov highlighted that beneficial business relations that successfully developed with different regions of Russian Federation are good example of efficient partnership resting on considerable experience of cooperation. Recently, special attention is paid to implementation of considerable versatile potential of the cooperation between Turkmenistan and the Republic of Tatarstan including in oil and gas sphere what meet mutual interests, the President has said. 

Having highlighted the importance of thorough integrated approach to solution of all objectives in this sphere, Turkmen leader addressed the Vice Premier with number of relative assignments. The Head of the State also requested to continue working on improvement of the structure of the Board of the State Commission for Mineral Resources under the Cabinet of Ministers of Turkmenistan. 

Next, Deputy Chairman of the Cabinet of Ministers M. Aydogdiyev made report on the situation in the branches under his supervision. Information on fulfilment of the assignments given earlier by the Head of the State for construction of living houses for disabled persons and other categories of the citizens requiring special social protection was given. 

According to the Resolution of the President of Turkmenistan, the Ministry of Industry has developed the project of four 4-store buildings with total area of 6 123,6 sq.m. each designed for 48 apartments in the city of Tejen, Ahal velayat, Dashoguz, Dashoguz velayat, Turkmenabat, Lebap Velayat and Mary, Mary Velayat. 

For provision of construction sites with necessary materials and the increase of volumes of production of various materials, rapid modernization of production infrastructure of the branch on innovative base is continued. 

Focusing the attention on the necessity of adherence to the timeline of construction of modern comfortable living for people with limited capabilities and citizens requiring social support in accordance with international standards, the President assured that this work would be continued in the future. 

After, Gurbanguly Berdimuhamedov signed the document on appointment of R. N. Meredov to the position of the Deputy Minister of Industry of Turkmenistan. 

Deputy Chairman of the Cabinet of Ministers E. Orazgeldiyev reported on the course of seasonal agricultural works. These days, necessary agro technical activities for receiving even sprouts of winter crops and vegetation irrigation are carried out on wheat fields. Relative measures were undertaken for provision of non-stop work of agricultural equipment and supply of quality seeding material to the farmers. At the same time, cotton harvest campaign is ongoing in the velayats. 

Having noted the importance of completion of agricultural campaigns within set period, the Head of the State has ordered to pay unremitting attention to organizational issues related with the rates of carried works. The President of Turkmenistan addressed the Vice Premier with number of instructions for provision of timely and full settlement of payments to the farmers for delivered products. 

Deputy Chairman of the Cabinet of Ministers D. Amangeldiyev who spoke after reported on planned activities implemented by the establishments of municipal services for preparation to winter season 2017 – 2018. It was informed that integrated measures including overhaul maintenance works of heating complexes and preparation of specialized equipment have been carried out for provision of uninterrupted operation of heating supply to living houses, social facilities and enterprises during winter season. Dispatch services were provided with necessary equipment, instruments and transport. 

Summing up the report, the Head of Turkmenistan noted that improvement of the efficiency of the activity of municipal services and steadfast modernization of new equipment of centralized heating systems are one of the main tasks for today. 

After, Deputy Chairman of the Cabinet of Ministers B. Annameredov reported on preparation of the Draft Resolution on Procurement of automobiles KAMAZ-6520. It was informed that the Ministry of Automobile Transport plans to purchase 250 vehicles of the kind with 20 tons cargo capacity. 

Having listened to the report, the President of Turkmenistan noted that the development of multifunctional transport and communication infrastructure is the key condition of implementation of economic, investment, transit and resource potential of the country. 

Having pointed the attention on international cooperation, the Head of the State stated with delight steadfast fruitful character of partnership with the Republic of Tatarstan, which is successfully developed under interstate dialog with the Russian Federation. Turkmen – Tatar relations are visual example of efficient cooperation based on considerable experience of cooperation and its versatile potential, the President said. 

Having noted that our country has established firm long-term beneficial relations with largest companies of Tatarstan, the Head of Turkmenistan stated that automobiles of this brand are widely used in different branches of national economy. Having confirmed the intent to consolidate this partnership in the future, Turkmen leader signed relative Resolution and requested the Vice Premier to take all measures for provision of organized and coordinated work for operation and maintenance of this equipment. 

Deputy Chairman of the Cabinet of Ministers A. Garajayev reported on preparation to the final round of TV contest “Yanlan, Diyarym!” as well as on the programme of the Days of Culture of Russian Federation in Turkmenistan. In particular, the Vice Premier informed that cultural action, which is to consolidate friendship relations between the people of two countries, is planned to be held in the Mukams Palace of the State Cultural Centre. The programme of the forum includes the exhibition, concert of the State Academic Ensemble of national dance, demonstration of Russian movies as well as master classes. 

Having listened to the report, President Gurbanguly Berdimuhamedov addressed the Vice Premier with number of instructions for provision of high organizational level of coming events. Having stressed the attention on the Days of Culture of Russian Federation in our country, the head of the State highlighted the importance of international action in the context of Turkmen – Russian interstate dialog. 

Chairperson of the Mejlis A. Nurdberdiyeva informed on the activity of the Parliament for improvement of national legislation base in the context of important priorities of the state policy and international initiatives of the Head of the State. It was also informed about the work on the bills that are to stimulate further development of the branches of the economy and other spheres, measures for consolidation of inter-parliamentarian relations. 

The information about the work carried out by the Mejlis together with relative departments on preparation of the next session of the Council of the Elders and elaboration of the documents of the agenda of all-nation forum was also presented. 

Having highlighted that formation of modern legal base corresponding with universal standards of international law is aimed at legal provision of progressive reforms and social and economic transformations in the country, the President of Turkmenistan stressed the attention of the Head of the Mejlis on activation of Parliament activity for control of implementation of adopted laws.

State News Agency of Turkmenistan

Session of the Cabinet of Ministers takes place

State News Agency of Turkmenistan / 16.06.2017 /

Announcing the agenda, President Gurbanguly Berdimuhamedov gave floor to Deputy Chairman of the Cabinet of Ministers E. Orazgeldiyev. The Vice Premier reported on seasonal works including the harvest in the regions, which were joined by the farmers of Dashoguz Velayat on June 14. As for today, more than 400 thousand tons of wheat were harvested from in the country. At the same time, the collection of straw, ploughing and sowing of intermediate crops are carried out on the fields.

Read more ...

President Gurbanguly Berdimuhamedov commends the merits of Turkmen sportsmen and coaches

On September 28, President Gurbanguly Berdimuhamedov commended the titles “Honoured Coach of Turkmenistan” and “Honoured Master of Sports of Turkmenistan” to the coaches and sportsmen, members of National team who made special contribution to the victory at V Asian Indoor and Martial Arts Games. There are 245 prizes where 89 gold, 70 silver and 86 bronze medals in the collection of Turkmen sportsmen!

The Chairperson of the Mejlis, Deputy Chairmen of the Cabinet of Ministers, leaders of military and law enforcement agencies, relative ministries and departments, non-government organizations, political scientists, coaches and famous sportsmen took part in the official ceremony in the Centre of Non-governmental Organizations. 

The participants of the ceremony welcomed Turkmen leader in the conference hall of the Centre of Non-governmental Organizations. 

Speaking to the participants, President Gurbanguly Berdimuhamedov noted that it was decided to award the sportsmen and coaches of national team of our country who successfully performed at V Asian Indoor and Martial Arts Games in solemn atmosphere. 

Our athletes performed with the triumph at the Asian Games and won 89 gold, 70 silver and 86 bronze, all together 245 medals, having demonstrated rapid development of the sports in independent Turkmenistan to the world, - the Head of the State said. 

The competitions revealed colossal sport potential of the country, head of the State Gurbanguly Berdimuhamedov said, having highlighted that victories of our sportsmen have brought V Asian Games to higher level. 

Having addressed sincere wishes to continue deservingly representing independent neutral Turkmenistan in international regional and world level sports competition to the sportsmen and the coaches, the President also call upon the participants of the ceremony to put all efforts for the development of the Olympic movement, consolidation of peace and understanding between the nations of the planet. 

Later in the official ceremony, the President of Turkmenistan has signed the Decrees of conferment of the titles “Honoured Coach of Turkmenistan” and “Honoured Master of Sports of Turkmenistan” to the coaches and the sportsmen of national team of the country. 

Deputy Chairman of the Cabinet of Minister S. Toyliyev read out the Decree. 

In solemn atmosphere, President Gurbanguly Berdimuhamedov presented the coaches with commemorative golden badges and certificates of Honoured Coach of Turkmenistan to the coaches. 

There are famous coaches from Germany, Turkish Republic, the Republic of Uzbekistan and Japan, who made great contribution to the achievements of the best result in show jumping, powerlifting, kurash, futsal by our sportsmen, among those conferred with high state award of Turkmenistan. 

Having expressed deep gratitude to the Head of Turkmenistan for award of the title “Honoured Coach of Turkmenistan”, Director of equestrian company «Jeýkob Ferdezuçt GBR» from Germany Catherine-Irene Anna-Margaret Jacob Geb Schreiner noted that this date became one of unforgettable events in her life. 

She also made special mention of the importance of V Asian Indoor and Martial Arts Games held in Turkmenistan on September 17 – 27 by the initiative of Turkmen Leader in Ashgabat with participation of famous sports masters and coaches in the atmosphere of high spirit. This international sport event brought wide response around the world, Catherine Jacob has said. 

Having noted the scale of works performed in our country under the leadership of President Gurbanguly Berdimuhamedov for the development of Turkmen sports including the equestrian, German coach expressed her admiration of the Olympic village built in white-marble Ashgabat and which facilities were included to the Guinness World Records Book by right. 

The guest said that the Olympic village built according to the traditions of national architecture and embodying the transformation of the country to prosperous region has impressed the whole world. Having noted high development rates of Turkmenistan and successes achieved in all spheres, Catherin Jacob highlighted that V Asian Games have played large role in improvemtn of international authority of the country. 

“Participation as a coach in sport competitions and training of Turkmen show jumping jockeys as well as high award received from President Gurbanguly Berdimuhamedov is stirring big emotional feelings”, - German coach has said. 

Having expressed again the gratitude for high appreciation of her work, Catherine Jacob wished strong health and long life to the Head of Turkmenistan and peace and prosperity to Turkmen people. 

Having congratulated the coaches of national team on the award of honoured title, the President of the country expressed the confidence that they would continue improving the prestige of Turkmen sports. 

After, President Gurbanguly Berdimuhamedov presented Turkmen sportsmen who won gold medals of Ashgabat 2017 Games with commemorative golden badges and certificates of Honoured Master of Sports of Turkmenistan. 

On behalf of the sportsmen of the country participating in V Asian Games, S. Batyrov, the winner of 6 gold medals in Turkmen national wrestling Gyoresh and belt wrestling, has expressed cordial gratitude to Turkmen leader for such high award. Having noted that this is great honour for him to represent the country together with other national team members, he highlighted that the success of Turkmenistan team is the result of the great attention of the President of the country to the development of physical training movement and sports of high achievement as well as hard training in modern sport complexes with advanced equipment including in the Olympic village. 

On behalf of the coaches and the sportsmen, S. Batyrov presented the Head of the State with the bicycle. 

Turkmen leader has said that he would give this valuable gift to the museum. 

The Head of the State also informed that the sportsmen with special achievements are presented with the apartments in comfortable houses. 

At the end of the award ceremony, President Gurbanguly Berdimuhamedov, having again congratulated the sportsmen of Turkmenistan who achieved high result, wished everybody strong health, prosperous and happy life and new successes. 

Having made joint photo for the memory with the participants of the award ceremony by their request, the Head of Turkmenistan left the place of the event.

* * * 

At the same day, the award ceremony of the sportsmen, the winners of silver and bronze medals of V Asian Indoor and Martial Arts Games as well as presentation of valuable gifts on behalf of the President of Turkmenistan to these sportsmen took place in the capital.

State News Agency of Turkmenistan

TENDER ANNOUNCEMENT

The State Bank for Foreign Economic Affairs of Turkmenistan announces the extension of the international open tender (announcement in the newspaper "Neutral Turkmenistan" from August 15, 2017) for the selection of a consultant to conduct a detailed feasibility study for the establishment of an Open Joint Investment Fund in Turkmenistan.

Interested consultants may obtain further information at the address below during office hours from Monday to Friday, from 09:00 to 17:00 hours local time.

Proposals must be delivered to the address below at 12:00 by 25.09.2017.

32, Garashsyzlyk Avenue, Ashgabat

744036 Turkmenistan

Phone:             +993 12 40 65 10 / 40 63 35 / 40 63 31

Fax:                 +993 12 40 65 63

Mail:                This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it.

Web-site:        www.tfeb.gov.tm

 

Proposed Term of Reference (“TOR”)

The State Bank for Foreign Economic Affairs of Turkmenistan (“TFEB”) requires the service of a reputable local, regional or international Consulting agency to conduct a detailed feasibility study on establishing an Open Joint Investment Fund in Turkmenistan, hereinafter will be referred to as “the Project”.

The following sections illustrate the introduction of the sponsoring institution, objectives of the TOR, the scope of the assignment, the modalities for communication, and the details about the associated fees.

1.Introduction

The State Bank for Foreign Economic Affairs of Turkmenistan was established on 27 January 1992 as a state commercial bank by the Decree of the President of Turkmenistan. The principal activities of TFEB include foreign borrowings, operations on deposit taking and the maintenance of customer accounts, lending and issuing guarantees, cash and settlement operations and operations with securities and foreign exchange, and other commercial banking activities. The activities of TFEB are regulated by the Central Bank of Turkmenistan.  The Bank is entirely owned by the Government of Turkmenistan.

2.Objectives of the TOR

Under the above circumstances, TFEB is looking to recruit a Consulting agency to conduct a detailed feasibility study for establishing an Investment Fund in Turkmenistan.

Under the requested assignment, the Consultant(s), will assess the economic and investment climate of Turkmenistan, identified key developmental drivers, review the financial and legal structure, review the impediments, evaluate the technical and commercial parameters, and make a clear recommendation to TFEB on the feasibility of the Project and how to move forward for establishing the Investment holding company in Turkmenistan.

The following objectives should also be taken into consideration by the Consultant;

  1. Insight into Turkmenistan and regional investment opportunities from a market perspective;
  1. Understanding of the correct approach to the legal and regulatory issues surrounding key industries and sectors wherein the Investment company will be involved/ investing in;
  1. The current profile of similar companies in Turkmenistan such as private equity companies, investment funds, investment companies etc;
  1. The best approach in setting up the company;
  1. Establishment of a clear plan for the new Investment company’s strategy and business (business model and financial model); and
  1. Awareness of the financial implications of the venture.

 

The Assignment

The report required should include, but not limited to, the following information:

  • The Profile, Economic and Investment Climate in Turkmenistan. The Consultant will have to conduct a detailed market study of the economic and investment climate in Turkmenistan. Under this component of assignment, the Consultant will have to undertake a survey of the existing and future economic indicators, government structure and legal system, and attractiveness of the country in terms of the investment.

    The Consultant will also have to assess the size and structure of the key growth industries, which includes but not limited to, financial, agricultural, logistics, construction, services, oil and gas, services and manufacturing industries, its growth, the demand and supply side parameters, the state of competitiveness of the market players compared to the international standard, nature of entry barriers, the overall status of the markets, etc.

         The country assessment would also include but not limited to:-

  1. Foreign Investment
  2. Banking System and Capital Markets
  3. Trends in customs policy
  4. Tax System
  5. Labor and social security

In addition, a high level market study for the region is also to be included as part of the report.

  • The Legal Structure. The Consultant is required to conduct a detailed study on the legal requirement of establishing a new Investment company vis-à-vis all the current laws and regulation in Turkmenistan. The consultant will also have to assess the extent the Legal environment is conducive to launch Investment company and this would include but not limited to:-
  • Legal structure of the new Investment company
  • Licensing requirements / regulatory regime of the new Investment company
  • Any incentives, tax or otherwise, provided by the government
  • Review of the Land / Property laws, in particular on:-
    • Transfer / assignment of title
    • Recourse of property and its process
  • Review of banking laws

 

The Consultant will also need to recommend the best approach in setting up the new Investment Company, including but not limited to the method of capital injection and tax implications.

  • The Company. A recommendation on the structure of the new company is required. The issues to be discussed include, but not limited to, the new organization structure, the composition of Board, Committees to monitor the activities, the Departments, Relationship with the Government, Corporate Governance issues, structure of deal flow, etc.

The consultant will also have to provide a detailed roadmap that illustrates key action plans and resources required to establish the investment company. Regulatory requirements on establishing the company should also be included in the report.

  • The Total Investment Cost. The Consultant will provide an estimate of total investment cost required to establish the project as well as a detailed breakdown of cost components, including the working capital and the liquidity requirement.
  • Human Resources. The Consultant will carry out an assessment of staffing needs (including competences & leadership) of the new organization. A detailed organization chart will also be required.
  • Training Needs. The Consultant will assess the technical skills of the available human resources to operate a new company and evaluate the training needs (if any) of the key officials.
  • Business and Marketing Strategy. The Consultant is required to suggest a suitable and well laid-out business structure and marketing strategy that would enable the company to penetrate the market at ease. The strategy should also include the business & operating model, marketing requirement, location of office (if required), and detailed analysis of the areas/sectors of investment in Turkmenistan etc.
  • Projected Profitability of the new Company. The Consultant will have to estimate the cost and revenue structure of the new company and give projections on expected profitability under three scenarios, the Base Case, the Best Case, and the Worst Case. The consultant will have to make various realistic assumptions under each scenario and calculate expected profitability of the new company.

The report will also include the investment portfolio (asset class & industry) to be undertaken, taken into consideration of the market condition of the sector in country/ region.

  • Final Recommendation. The Consultant view as regards to the suitability of the Project.

 

Project Milestones

The interaction with the Consultant will take place according to the following Project Milestones:

  • The Consultant will commence the work as soon as Consultancy Service Agreement it receives the appointment letter from TFEB.
  • The Consultant has to submit the draft detailed report, in English, within 8 weeks from the date of appointment.
  • Within ten days after the receipt of the draft final report, the TFEB would either clear it or request for modifications to be incorporated in the final report. TFEB reserves the right to set the new deadline, depending on the size of required modifications.
  • Two original copies of the final report, including soft copies of financials in excel format and presentations in power-point format, shall be delivered by courier to the address of TFEB, and accompanied by soft copies (CD-Rom) of all related documents.

 

Proposal/BID

The Consultant must submit to TFEB:

(a) Technical Proposal (Corporate Profile, the CVs of proposed team, outlining relevant experiences): one (1) original and (3) copies;

(b) Financial Proposal (Lump Sum proposal with the detailed breakdown for cost items including professional fees, and related expenses): one (1) original and (3) copies.

Consultants shall not present their proposals in soft version.

Proposals shall be submitted in the English language.

All correspondence exchange shall be in the English language.

Proposals must remain valid for 60 calendar days after the proposal submission deadline (i.e., until 24.11.2017).

Clarifications may be requested no later than 7 days prior to the submission deadline.

The contact information for requesting clarifications is: Turkmenistan, 744036 Ashgabat, Garashsyzlyk Avenue, 32, The State Bank for Foreign Economic Affairs of Turkmenistan

Phone: (+993 12)  40-65-10 Facsimile: (+993 12)  40-65-63   E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The Proposals must be submitted no later than   25.09.2017

Time: 12:00 local (Ashgabat) time

The Proposal submission address is: Turkmenistan, 744036 Ashgabat, Garashsyzlyk av., 32.

The opening shall take place at Turkmenistan, 744036 Ashgabat, Garashsyzlyk av., 32.

Date: 25.09.2017  Time: 15:00 local (Ashgabat) time

Notes:  The Consultant may, at its own cost and expense, engage such legal, accounting and/or other advisers such as it may reasonably require in connection with the matters referred to in the scope of work above, and that the substance of all material advice relating to any of such matters received will be made known to TFEB. It is important that the firm delegated the task of undertaking are competent and have the necessary expertise to carry out the task properly.

Schedule of payment of Consultant’s remuneration will be stipulated in the Consultancy Service Agreement and final payment by TFEB will be made upon acceptance of the final detailed report.

The single currency for the conversion of all prices expressed in various currencies into a single one is US dollar. The official source of the selling (exchange) rate is Central Bank of Turkmenistan (for the exchange of Turkmen manats into US dollars). The date of the exchange rate is bid opening date.

Selection criteria

Consultant will be selected under selection procedure based on quality and costs as per the Law of Turkmenistan “On tender’s competitions for the delivery of goods, execution of works, providing of services for the State needs” dated 20 December 2014.

The Bid considers won if the proposal meets the requirements of the tender’s competition and qualifying documentation and is economically the most favorable, including on set of criteria of a choice (qualification, to the price, the schedule of works, quality and another) has advantages over other offers participating in the tender’s competition.

 

The Session of the Cabinet of Ministers

State News Agency of Turkmenistan / 10.08.2017 /

President Gurbanguly Berdimuhamedov held regular session of the Cabinet of Ministers where priority issues of the state life of reviewed.

Having announced the agenda, the Head of the State gave floor for report on the situation in the establishments and organizations of financial and economic sector to Deputy Chairman of the Cabinet of Ministers B. Hajamammedov. The Vice Premier made report on the development of draft Resolution on establishment of Interdepartmental Commission for selection of the supplier of goods, works and services for the needs of state-financed organizations.

Read more ...

Topical issues of internal and foreign policy are reviewed at the joint session of the Cabinet of Ministers and the State Security Council

Having announced the agenda, President Gurbanguly Berdimuhamedov gave floor to Deputy Chairman of the Cabinet of Ministers of Turkmenistan B. Hojamammedov who reported on the work for draft of the State Budget for 2018. It was informed that at present moment, the order of preparation of relative data and calculations necessary for development of the main financial document of the country is completed as well as the deadlines for submission of the documents are set.

Read more ...