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Turkmenistan, Austria studying joint investment projects

Business Materials 10 September 2018 16:29 (UTC +04:00)

Ashgabat, Turkmenistan, Sept. 10

By Huseyn Hasanov– Trend:

As part of the Turkmen-Austrian business forum held in Vienna recently, negotiations took place between the business circles of the two countries, the Turkmenistan State News Agency reported Sept. 10.

During the meetings, the sides discussed possibilities of investment interaction, prospects for creating joint ventures, establishing links in the chemical industry, organizing cargo transportation, innovative equipment supplies. The topic of importing ecologically clean Turkmen fruits and melons to Europe was of particular interest.

A total of about 130 Turkmen and foreign companies took part in the event. Representatives of the Austrian Chamber of Commerce, the Austrian Federal Economic Chamber and the European Bank for Reconstruction and Development (EBRD) made speeches at the forum.

They spoke about solving the problems of attracting experience and technologies of Austrian companies to create industrial and service companies in Turkmenistan and to promote Turkmen products to the EU markets, the report said.

The Turkmen business delegation was represented at the forum by heads of several Turkmen companies, including travel companies and those engaged in agricultural processing and production of building materials.

The delegation also included representatives of the National Barcode Organization of Turkmenistan, Rysgal joint-stock commercial bank and the Turkmen Logistics Association.

The European companies included Heidelberger Druckmaschinen AG, Deloitte Austria, Engineering Dobersek GmbH, Nourivit GmbH, Gebruder Weiss, Austrian Federal Railways, Global G.A.P.

Transport and logistics, construction and infrastructure, industrial, agricultural technologies and food industry were defined priorities of the partnership.

Close attention was paid to the study of European experience in the field of mining and construction of autobahns in the light of the implementation of projects entrusted to Turkmen entrepreneurs, the report said.

Other topics included state programs on import substitution and export stimulation, according to which it is planned to build dozens of innovative companies in Turkmenistan, including those engaged in the manufacture of construction, chemical, household and other products based on local raw materials, as well as the ones engaged in the processing and manufacture of various types of fish products.

“Numerous projects in the fields of the chemical industry, light industry, machine engineering, etc. that are already being implemented in Turkmenistan, are aimed at the comprehensive development of natural and mineral resources,” the report said. “The state has instructed the Union of Industrialists and Entrepreneurs of Turkmenistan to implement the major part of these programs. The new agreements - more than ten documents - were enshrined in the corresponding protocols.”

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