Turkmenistan considers co-op with number of Austrian pharmaceutical companies

Business Materials 21 January 2021 14:47 (UTC +04:00)

BAKU, Azerbaijan, January 21

By Jeila Aliyeva - Trend:

Turkmenistan has considered cooperation with the Austrian Sigmafarm and DiproMed pharmaceutical companies, Trend reports with reference to Business Turkmenistan information portal.

The discussions were held during online negotiations organized by the Austrian-Turkmen Society with the assistance of the Embassy of Turkmenistan in Vienna.

Both manufacturers of medical products have offered not only services as a supplier, but also the transfer of their extensive know-how.

DiproMed offers to apply its experience in creating a joint production in Turkmenistan.

As earlier Federal Ministry for Digital and Economic Affairs of Austria told Trend, Austrian companies are active and interested in Turkmenistan in the areas of energy, including renewable sources of energy, environmental technologies such as water and waste management, medicinal technology and pharmaceutical, agriculture, food processing, infrastructure and digitalization (e-government, e-learning).

The ministry also said the latest trade turnover data Austria and Turkmenistan, which amounted to 6.6 million Euros from January through September 2020.

“Main export goods were: medicinal and pharmaceutical products; miscellaneous foodstuffs; perfumes, detergents and cleaning agents; other machines,” noted the ministry.

While main import goods were: communication equipment, fruit and vegetables, other means of transport, clothing and accessories, added the message.

According to the ministry the sides faced a decrease in import and export of goods.

“The share of these losses attributable to COVID-19 cannot be specified. Personal meetings, conferences, business trips etc. had to be cancelled or postponed,” clarified the message.

Also earlier the Federal Ministry for European and International Affairs of Austria told Trend, that Austria is very much interested in further promoting economic cooperation with Turkmenistan.

“There is also a very good and sound structural foundation to further promote economic and trade ties between Austria and Turkmenistan,” the ministry noted earlier, adding that the Turkmen Association of Entrepreneurs and Industrialists has a representation in Vienna which is also conducive to intensifying bilateral economic relations.

As reported, the prospects of the country's cooperation with Austria cover the creation of joint innovative facilities in the Turkmen free economic zones, the construction of mineral fertilizer production plants, and cooperation in petrochemical and gas sectors.

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