The State Bank for Foreign Economic Affairs of Turkmenistan

Partnership for development!

07.12.2015, President of Turkmenistan Gurbanguly Berdimuhamedov chaired a meeting of the Cabinet of Ministers, during which the work done in all the sectors of the national economy in January-November was reviewed and a number of other important issues of the domestic policy and draft documents were discussed.

As reported, the GDP growth rate made 107.1 per cent in the reporting period, including in the industrial sector – 102.6 per cent, construction sector – 110.1 per cent, transport and communications sectors – 110.2 per cent, trade sector – 111 .1 per cent, agricultural sector – 110.4 per cent and services sector – 111 per cent.

In January-November, the industrial production growth rate increased to 105.4 per cent as compared with the same period in 2014.

The sales volume in retail trade rose by 18.2 per cent as compared with the same period in 2014.

Positive growth dynamics in foreign trade was observed in the reporting period.

The average monthly salary at large- and medium-scale enterprises throughout the country increased by 9.5 per as compared with the same period in 2014.

The State budget execution in revenues made 100.1 per cent, in expenditures – 85.1 per cent.

In the reporting period, the volume of investment from all sources of funding amounted to 48.3 billion manat. The growth rate made 108.2 per cent as compared with the same period in 2014.

The report on the organizational measures taken to implement the state import substitution programmes and increase the volume of locally-produced goods exported to foreign countries was presented.

The report on the work carried out by banking institutions and the progress on the implementation of the earnings plan for the export of goods and services of the ministries and agencies was presented.

Other issues of the domestic policy were discussed and the decisions were adopted during the meeting of the Cabinet of Ministers.

State News Agency of Turkmenistan