President: Turkmenistan moves to market, avoiding shock therapy
Turkmenistan, Ashgabat, Feb. 27 / H. Hasanov /
As opposed to many developing countries, Turkmenistan managed to outline its own way to a market economy, avoiding shock therapy, crises and social instability, newly elected Turkmen President Gurbanguly Berdimuhamedov said in an interview with the Russian journal Turkmenistan.
"Of course, this way is long, but reliable. I would say that it is more ethical as well." he said. "We have numerous groups of experienced pathfinders in the private sector capable of pushing back many public enterprises in the goods and services market."
He said that the support for entrepreneurship with small and medium-sized businesses is a requirement of the Constitution. The Caspian country is also rich in natural gas.
At this stage a number of activities: national currency denomination and the unification of exchange rates were made. The transition to international accounting standards was also planned.
The country's leadership thinks that the steps towards the establishment of tax and legislative benefits for entrepreneurs, the improvement of a private lending business system, the introduction of market mechanisms in many areas of the current administration and state governance and the creation of a free housing market are the incentives for private sector development.
"We have to create all necessary conditions for the hard-working person to get opportunities to implement entrepreneurial ability." he said.