Turkmenistan forecasts stable GDP growth in 2010

Business Materials 8 December 2009 17:04 (UTC +04:00)

Turkmenistan, Ashgabat, Dec. 8 / corr Trend H.Hasanov /

Turkmenistan has all the preconditions to increase GDP to 106.3 percent next year, Turkmen President Gurbangulu Berdimuhammedov said.

The forecast was made at a recent governmental meeting where he noted the country's stable growth in 2009.

Berdimuhammedov outlined priority tasks for the national economy, demanding stringent control over all accountable ministries and agencies.

"Every ministry should take the necessary measures to fulfill timely and perfectly its tasks, including the implementation of field development programs and the construction of objects," he said.

GDP was 111.6 percent in 2007, 110.5 percent in 2008, and 106.0 percent in 2009.

The 2010 public budget of Turkmenistan - a key natural gas supplier in the Caspian region - will not strictly depend on oil and gas revenues due to the economy's diversification.

Turkmenistan is actively developing its textile industry, tourism, food industry, agriculture, and interstate transport communications and soon plans to make a transition to recoverable energy sources, such as sun and wind power.