Media: Turkmen Anti-Crisis Program successfully underway
Turkmenistan, Ashgabat, Feb. 3 / Trend H.Hasanov /
The Anti-Crisis Program is underway in Turkmenistan.
The growth rate of the real GDP has increased by more than three percentage points from 106.1 percent in 2009 to 109.2 percent in 2010, Turkmen media reported on Thursday.
The Neytralniy Turkmenistan newspaper wrote that the bulk of the GDP fell to the industrial and construction sectors.
"This suggests that Turkmenistan's economy is moving rapidly toward industrial investments and the country is undertaking extensive work in diversification," the newspaper reported.
In particular, the newspaper stressed the implementation of projects to diversify hydrocarbon resource export routes, the creation of new production facilities, the launch of concrete steps to construct the TAPI (Turkmenistan-Afghanistan-Pakistan-India) pipeline, and the construction of the internal East-West pipeline. All of these initiatives will facilitate the country's economic growth not only in the medium, but also in the long term.
In 2010, the country's economy sustained high growth in investment activity.
The state budget surplus and a positive trade balance were also preserved, the paper reported, with reference to data from the Institute of Strategic Planning and Economic Development.