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Capital investments increase 2.7 times since early 2009

Business Materials 9 March 2009 15:09 (UTC +04:00)

Turkmenistan, Ashgabat, March 9 / Trend G. Hasanov /

Capital investments increased 2.7 times, volumes of GDP up, foreign trade turnover increased 72.3 percent in January-February in Turkmenistan, the official Turkmen source said.

Stabile growth rates preserve in industry and other branches alone, he said. However, despite macroeconomic indices preserve at the proper level, this Central Asian country also suffered consequences of the world economic crisis less than other neighboring countries.  

Turkmenistan is one of key natural gas suppliers in the Caspian region. "We lost certain part of profit because of sharp low demand for the most important kinds of export production on the world markets and price cutting," the Turkmen President Gurbanguly Berdimuhamedov.

It is possible to tell with certainty that Turkmenistan in time entered the way of economy diversification, extension and deepening of activity, including technical re-equipment, creation of new branches, implementation of elaborated program of gradual transition to the market designed for several years, the Turkmen President said.

As it is known, negative impact of the global financial-economic crisis affected economy of many world nations. Production slump, growing unemployment, decrease of population's welfare are observed in the most developed and developing countries.

"Being the President and head of the government, I state that we prevent possible risks for economy of the country and systematically analyze occurring situations. We hold economic state of the country under control," Berdimuhamedov said. We manage to decrease negative impact of crisis on the economy of the country due to preventive measures, he said.

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