Equity market development program approved in Turkmenistan
Turkmenistan, Ashkhabad, Nov 28 /Trend H. Hasanov /
The President of Turkmenistan Gurbanguly Berdimuhamedov approved the State equity market development program for 2012-2016, and a plan for equity market development in Turkmenistan in 2012-2016.
The deepening of economic reform on the basis of equal development of different forms of ownership is provided in Turkmenistan, in accordance with the recently updated Constitution, which published an article on a phased transition to a market-based economy in the near-term future, prior to 2015.
At this stage, regulatory and legal framework of different forms of ownership will be improved; fundamentals of privatization and conversion to other forms of ownership of state enterprises of light industry, food industry and the area of services and trade, carrying out economic activity on domestic and foreign markets will be developed.