BAKU, Azerbaijan, December 18
By Jeila Aliyeva - Trend:
Turkmenistan will modernize and transform 20 facilities into open joint-stock companies, Trend reports with reference to Turkmenistan’s State News Agency.
Modernization and pre-education will be carried out with the participation of the enterprises themselves and the Union of Industrialists and Entrepreneurs of Turkmenistan.
Currently the Ministry of Trade and Foreign Economic Relations of Turkmenistan is responsible for 157 enterprises, the activities of which are mainly aimed at wholesale trade and storage of reserve goods in warehouses, provision of retail and public catering services, processing of agricultural products, etc.
As reported, 66 percent of the structure of production in the country is accounted for by private business. Only since the beginning of this year, representatives of the non-state sector have increased the production of industrial products by 18.9 percent, agricultural and food products-by 28.7 percent.
Foreign investments are attracted for the development of the private sector in the country
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