Annual growth of Turkmenistan's GDP exceeds 10 percent
Turkmenistan, Ashgabat, June 2 / Trend G. Hasanov /
Annual growth of Turkmenistan's GDP hits over 10 percent in the last years but investments in economy exceed $10 billion in 2009.
The Turkmen President Gurbanguly Berdimuhamedov stressed this information at the summit of IDB mangers in Ashgabat. Berdimuhamedov said that the international financial organizations on behalf of the international monetary fund, WB and others even in terms of world crisis give optimistic appreciation of further development of Turkmenistan's economy."
"Several reforms directed to modernization of the country were initiated. These reforms are preventive actions to minimize negative influence of global crisis on national economy," the Turkmen President said.
Berdimuhamedov announced course on gradual transfer to market relations after he became the President in 2007. In his today's speech he stressed creation of Stabilization fund, unification of national currency rate, denomination and introduction of new samples of national currency and other innovations in financial-bank sphere promoted strengthening of financial positions of the country.
Turkmenistan is one of key natural gas suppliers in the Caspian region. The country has recently stirred up operations on diversification of energy routes that were enclosed by main lines pipelines governed by Russian Gazprom OJSC many years. Turkmen gas can be exported to China via pipeline constructing via territories of Uzbekistan and Kazakhstan by late 2009.