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Germany provides technical assistance in property rights to Turkmenistan

Business Materials 9 June 2010 11:14 (UTC +04:00)

Turkmenistan, Ashgabat, June 9/ Trend H. Hasanov /

The German Society for Technical Cooperation (GTZ) held a property rights workshop in Ashgabat this week. The Foreign Ministry and the Turkmen Presidential National Institute for Democracy and Human Rights helped to organize the workshop.

Presentations were held on: "The Concepts and Practical Value of Ownership," "Property Rights Acquisitions and Termination," "Proprietary Interest Limitation," "Property as a Tool for Ensuring Requirements," and "Constitutional Property Rights."

Legal experts Rolf Knieper, Jorg Pudelka and Lado Chanturia were invited to the event as guest lecturers. The audience included MPs, foreign and justice ministry officials, members of the Supreme Court, and representatives of other public organizations and state entities.

Turkmenistan is preparing a number of laws on property rights. In particular, Turkmen President Gurbanguly Berdimuhammadov in April ordered the development of a residential privatization program and the establishment of a real estate exchange.

The president noted that both the residential privatization program and the real estate exchange will be "another important step toward the successful implementation of a strategy to improve housing conditions in the country."

Residential privatization programs have been held in several CIS countries.

Berdimuhammadov said the program may launch as early as 2010.

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