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Turkmenistan, Austria to hold business talks in Vienna

Business Materials 11 June 2019 13:52 (UTC +04:00)

Ashgabat, Turkmenistan, June 11

By Huseyn Hasanov– Trend:

A regular meeting of the intergovernmental Turkmen-Austrian commission for economic cooperation is scheduled to be held in Vienna on June 14, Trend reports with reference to the Union of Industrialists and Entrepreneurs of Turkmenistan (UIET).

Companies such as WOMA GmbH, Schoeller Bleckmann AG, Unger Stahlbau GmbH, Schrack Seconet AG, Oswelt GmbH, AME International, Landhof, Schlafhorst, Truetzschler, Uster, and Strabag SE show interest in the Turkmen market.

Austria is evaluating local projects in the field of agricultural processing and food production. The possibilities of participation in projects for the construction of livestock farms in Turkmenistan, along with the supply of equipment for the production of meat and dairy products, are being considered.

Negotiations are underway for establishing business contacts between Turkmenistan’s Rysgal Joint-Stock Commercial Bank and Raiffeisen Bank International, a leading corporate and investment bank in Austria and in Central and Eastern Europe.

Cooperation with Austria may also involve the creation of joint innovative industries in the free economic zones of Turkmenistan and in the construction of plants for the production of mineral fertilizers, petrochemical and gas chemical products.

The promising areas of interaction include mining and the creation of high-tech enterprises in the manufacturing, mining and paper industries, in the field of logistics, as well as textile and leather industries.

According to UIET, the attraction of European technologies to the chemical industry and the manufacturing of non-metallic mineral products (glass, ceramics, etc.) is also important.

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