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Pace of Turkmen industry dev’t accelerating

Business Materials 21 April 2021 15:46 (UTC +04:00)
Pace of Turkmen industry dev’t accelerating

BAKU, Azerbaijan, April 21

By Jeila Aliyeva - Trend:

The pace of development of the industrial sector accelerated in Turkmenistan from January through March 2021, Trend reports with reference to the Business Turkmenistan information portal.

The country's production increased by 122.7 percent, lubricating oils-10.9 percent, cement-25.6 percent, cotton yarn-19.7 percent, plastic and fiberglass pipes-155 percent.

At the same time, the production of commercial gas increased by 13 percent, flat glass – 5.3 percent.

The economic indicators of Turkmenistan are growing, in particular, the private sector of the country is of great importance. Thus, the volume of trade turnover in the private sector of Turkmenistan increased by 19.2 percent in 1Q2021.

Most of this volume in monetary terms falls on Ashgabat. Also, a good growth of this indicator is in the Mary region – more than 20 percent in 1Q2021.

In the reporting period, the production of pipes made of plastics and fiberglass in the private sector of Turkmenistan increased by 2.3 times compared to the same period in 2020.

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