Italy discloses data related to trade ties with Turkmenistan

Business Materials 18 November 2019 19:47 (UTC +04:00)
Italy discloses data related to trade ties with Turkmenistan

ASHGABAT, Turkmenistan, Nov. 18

By Huseyn Hasanov – Trend:

A great increase in the trade turnover between Turkmenistan and Italy was observed from January through September 2019, Trend reports referring to director general of the Italian Trade Agency – ICE Agency (ITA) of the Italian Ministry of Commerce, Roberto Luongo, cited by Neutral Turkmenistan newspaper.

“The trade volume between the two countries may exceed 200 million euros by the end of this year,” Luongo said.

Such companies as Eni, Valvitalia, Pietro Fiorentini S.p.A, ProBusiness S.r.l, E.T.D European Technology Development S.r.l, EurAsia Med, Comair S.p.A., Chimec S.p.A., Maschio Gaspardo SpA, Marzoli, Helicopters Italia Unipersonale operate in Turkmenistan.

“Some 22 investment projects worth about $13 million and 16 enterprises with Italian capital have been registered in Turkmenistan,” Turkmen Dovlet Khabarlary state news agency reported.

The diplomatic relations between Turkmenistan and Italy were established on June 9, 1992. The Italian embassy has been operating in Turkmenistan since December 2013 and the Turkmen embassy has begun to operate in Italy since December 2016.