BAKU, Azerbaijan, July 18
By Jeila Aliyeva - Trend:
Turkmenistan has identified measures for the development of the private sector, Trend reports with reference to Business Turkmenistan information portal.
In order to develop the private sector, the country has designated a list of objects for privatization, including individual state-owned enterprises and a large number of infrastructure facilities.
In addition, the development of the stock market, the creation of market funds and the organization of specific transactions were identified as the main financial instruments for the development of the private sector in the country.
It was also decided to continue supporting small and medium-sized enterprises, said the report.
Small and medium-sized businesses in the country remain stable, despite the coronavirus pandemic in the world. Thus, 66 percent of the country's production structure is accounted for by private businesses. Since the beginning of the year, representatives of the private sector have increased the manufacture of industrial products by 18.9 percent, and agricultural and food products by 28.7 percent.
Investments are also being attracted for the development of the sector. Since the start of its operations in Turkmenistan, European Bank for Reconstruction and Development (EBRD) has invested 272 million euros through 70 projects in a wide range of country’s sectors, earlier representative of EBRD Anton Usov told Trend.
In particular, these investments enabled more than 200 small and medium-sized enterprises in the country to access business advice, Usov added.
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