BAKU, Azerbaijan, June 4
By Jeila Aliyeva - Trend:
The share of local state-owned enterprises decreased from 22.4 percent to 18.4 percent in Turkmenistan from 2013 through 2020, said economic observer for Turkmenistan, Valentin Trapeznikov, Trend reports with reference to CentralAsia.news.
Meanwhile,the share of private enterprises in Turkmenistan increased from 65.7 percent to 72.3 percent over the above-mentioned period, he said.
At the same time, the indicators of individual entrepreneurs are growing in the country. The total net income exceeded the figure of 2010 in recent years from 2.9 to 4.2 times.
Turkmenistan is implementing tasks to increase the share of the private sector, expand market relations, privatize state-owned enterprises, develop small and medium-sized businesses, ensure an abundance of goods in domestic markets, provide access to services, as well as create new job.
Thus, the program to increase the volume of export products includes 33 projects, including the construction of production enterprises in the light, food, pharmaceutical, transport and communication industries, in mechanical engineering and agriculture.
The program for the manufacture of import-substituting products includes 81 projects, including construction materials based on local raw materials, chemicals, household chemicals, processing of agricultural products, fish and fish products, vegetables and horticulture.
As reported, entrepreneurs of Turkmenistan have increased the volume of their export-oriented products and expanded the range at the expense of local raw materials.
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.
The private sector also increased the production of clothing and knitwear – by 2.7 percent, silk fabrics - by 2.2 percent.
The increase in the number of registered new business entities of Turkmenistan for their main type of economic activity amounted to 44.3 percent from January through March 20201, compared to the same period in 2020.
The number of agricultural enterprises increased by 88 percent during the period, while the number of manufacturing enterprises increased by more than 53 percent.
In the private sector of the economy of Turkmenistan, the production of silk fabrics, clothing and knitwear, plastic and fiberglass pipes, mineral water and soft drinks, whole milk products, butter, confectionery, cereals, and some other industrial products increased in the first three months of 2021 compared to the same period last year.
During this period, the flow of funds to the state budget from the private sector of the economy increased by 36.2 percent.
Earlier, Turkmenistan identified measures for the development of the private sector.
In order to develop the private sector, the country 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.
Investments are also being attracted for the development of the sector.