The State Bank for Foreign Economic Affairs of Turkmenistan

Partnership for development!

14.04.2017

President Gurbanguly Berdimuhamedov held a regular meeting of the Cabinet of Ministers, which considered topical issues of state life and drafts of several documents.

The preparations for the state visit of the President of Turkmenistan to the Republic of Kazakhstan, scheduled for April 18-19, have been reported. The summit is designed to inscribe an important chapter in the history of friendly Turkmen-Kazakh relations.

Information was heard about the work of the Agency for the Protection of the Economy from Risks under the Ministry of Economy and Development. In January-March this year, the Agency's Interdepartmental Commission approved 3 investment projects.

President Gurbanguly Berdimuhamedov drew attention to the fact that the main task of this structure is to study the risks that may arise in connection with the activities of foreign companies interested in investing in the Turkmen economy. When choosing companies and their projects, it is important to assume that the main principles are economic efficiency, social significance and environmental safety. It is necessary to fully use the potential of local construction companies, as well as protect the country's economy from various kinds of possible risks, the Head of State said.

Report was given on the results of the work carried out to establish economic company "Hazyna". According to the prepared proposal, the founders of this structure will include the Central Bank, the State Bank for Foreign Economic Affairs, State commercial banks "Daikhanbank", "Halkbank", "Turkmenbashi", "Turkmenistan", "President Bank", and Joint-Stock Commercial Bank "Senagat".

Hazyna foundation is one of the important steps on the way of development of the national tourist sphere, effective management of the hotel network in the Avaza National Tourist Zone, the Head of State noted. Information was provided on the results of the sixth session of the Intergovernmental Turkmen-Korean Commission on Trade-Economic and Scientific-Technological Cooperation held in Ashgabat.

A report was also given on the improvement of Ashgabat, where major repairs of houses, landscaping, renewal and construction of new recreation centers, parks and squares are underway.

The proposal of Turkmenhovayollary Service and the Ministry of Railways to raise tariffs for passenger and freight traffic inside the country was considered. Stressing that this will improve the work of these industries, the Head of State expressed the need to support the proposal.

The Head of State signed the Resolution on the participation of Turkmenistan in the International Exhibition "EXPO-2017", which will be held from 10th June to 10th September in the capital of Kazakhstan - Astana.

Progress on the work of JSC "Turkmenyupek" of the Ministry of Textile Industry to increase the production of silkworm cocoons has been reported. In accordance with the Decree of the President of Turkmenistan on the production of 2 thousand 30 tons of cocoons in 2017, the necessary quantity of the grain is provided to the tenants in the Akhal, Mary and Lebap provinces. Taking into account the climatic conditions, the issue of grain to tenants in the Balkan and Dashoguz velayats is scheduled for the third decade of April. The Grain Plant in Turkmenabat has been completely reconstructed and put into operation in 2016.

The head of state noted that the issue of the production of cocoons should be carefully worked from the scientific point of view and taking into account the centuries-old experience of the Turkmen people in this field. An integrated approach is important here, including strengthening the feed base of the industry, the leader of the nation said.

President Gurbanguly Berdimuhamedov signed a decree approving the composition of the intergovernmental Turkmen-Belarusian commission for economic cooperation from the Turkmen side. Also, by his Decree, the head of state approved the National Program for the Implementation by Turkmenistan of the WHO Framework Convention on Tobacco Control for 2017-2021.

The preparations for the opening and closing ceremonies of the forthcoming Asian Indoors and Martial Art Games in Ashgabat this year were reported. The President of Turkmenistan pointed to the need to think through all the details of the upcoming ceremonies. It was reported that seasonal agricultural work is being carried out in velayats. As it was noted, cotton sowing and sowing of winter grain crops, including vegetative irrigation of crops, fertilizing with mineral fertilizers and struggle with weed grasses, is in progress. Preparations are being made for the harvesting of wheat for reception points, grain harvesters and motor vehicles.

Noting that the Vice-Chairman of the Cabinet of Ministers E. Orazgeldiyev has extensive experience in the Dashoguz province, President Gurbanguly Berdimuhamedov appointed him curator of the region and signed the relevant Resolution.

It was reported that within the framework of the events in honor of the Turkmen Horse Festival in Ashgabat, the VII meeting of the International Association of Akhal-Teke Horse Breeding, the IX International Conference "Turkmen Horse and World Horse Breeding", and International Specialized Exhibition-Fair will be organized. There will be an equestrian marathon, competitions in jumping, equestrian competitions among junior riders, traditional jumps. The results of the contest for the best Akhal-Teke horse will be summed up for the holiday, along with the opening ceremony of the International Quarantine Center in Ak Bugday etrap of Ahal velayat. The information about the working visit to our country of the President of the International Equestrian Federation, Ingmar De Vos, was presented.

The Head of State expressed dissatisfaction with the work of the leadership of the State Association "Türkmen atlary", noting the inadequacy of efforts to popularize the Akhal-Teke horses, drafting the relevant State Register, training and stimulating horse breeders, and strengthening the scientific and educational base of the industry.

The President of Turkmenistan instructed to prepare a list of honored specialists who will be awarded honorary titles on the eve of the Turkmen Horse Festival.

At the meeting of the Cabinet of Ministers, some other issues of state life were also considered, on which relevant decisions were taken.

State News Agency of Turkmenistan