Ashgabat, Turkmenistan, May 10
By Huseyn Hasanov– Trend:
The European Bank for Reconstruction and Development (EBRD) has forecasted a six-percent growth of Turkmenistan’s economy in 2018, according to the EBRD’s updated Regional Economic Prospects report.
This year, Turkmen real GDP growth will be 5.7 percent, said the report.
Turkmenistan ranks fourth in the world in terms of the volume of natural gas and has opportunities to export it to China and Iran. Meanwhile, Russia suspended the purchases of Turkmen gas in 2016.
Ashgabat chose a course to diversify the local economy. The textile industry, as well as the area of petroleum products, advanced. The oil, gas and chemical industry and the production of building materials are being actively developed.