Turkmenistan, Ashgabat, July 29 / Trend H. Hasanov /
Speaking about the importance of developing and promoting small and medium
business in various sectors of national economy, Turkmen President Gurbanguly Berdimuhamedov focused on the entrepreneurship development in the agro-industrial complex, local media reported today.
"Let people build small enterprises for processing products and dairy farms," the Turkmen president was quoted by Turkmen Dovlet Khabarlary state news service as saying. "Let them effectively develop cattle breeding. It is necessary to attract entrepreneurs, representatives from the private sector to conduct reforms in agriculture, to introduce new forms of work in rural areas, to give land to tenants for rent for a long-term period, to create all conditions for them to cultivate big harvest.
According to the information, opening the private poultry enterprise "Gush Toplumy" in Baharly region, Akhal area and the sausage making workshop in the private enterprise "Bereketli" in the city of Abadan stipulated the effectiveness of the measures taken to create an abundance of foodstuffs.
Legal, economic, financial and social conditions in the form of improving the tax system, simplifying registration and issuing permits for individual activity, providing concessional loans are being created in Turkmenistan to support small and medium enterprises, Turkmen Dovlet Khabarlary state news service said.
According to a decree signed by Turkmen President Gurbanguly Berdimuhamedov, loans will be given at five per cent per annum for up to ten years for investment projects associated with producing the goods, rendering services, as well as up to one year for getting floating assets.
President Berdimuhamedov previously allowed the Central Bank to allocate $ 30 million to the Turkmen Union of Industrialists and Entrepreneurs at the expense of public resources to enhance the domestic business.
According to the long-term socio-economic development program till 2020, the share of private sector in the country's GDP must reach 70 percent.