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Overall production up in Turkmenistan with major part falling on private sector

Business Materials 4 July 2020 13:04
Overall production up in Turkmenistan with major part falling on private sector

BAKU, Azerbaijan, July 4

By Jeila Aliyeva - Trend:

Production in various economic sectors of Turkmenistan has increased in 1H2020, Trend reports with reference to Turkmenistan’s State News Agency.

This was stated during a meeting of the Cabinet of Ministers of Turkmenistan, to assess the results of the work of various sectors for 6 months of 2020.

The volume of various products manufactured in the country has increased, with 66 percent being accounted for the private sector.

In addition, it was also decided to create conditions for maintaining stable monetary turnover and macroeconomic stability, accelerating the pace of increasing the volume of domestic exports and production of import-substituting goods.

Meanwhile, from January through May 2020 growth of the total volume of agro-industrial production exceeded the results of the previous year's period by 17.4 percent.

Overall volume of production in sectors subordinate to the Ministry of Agriculture and Environmental Protection of the country exceeded last year's results by 18.2 percent, State Committee for Water Management of Turkmenistan by 10.2 percent, both from January through May 2020.

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