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Turkmenistan creates industry associations as part of union of industrialists

Business Materials 3 July 2021 14:24 (UTC +04:00)
Turkmenistan creates industry associations as part of union of industrialists

BAKU, Azerbaijan, July 3

By Jeila Aliyeva - Trend:

Industry associations will be created in the Union of Industrialists and Entrepreneurs of Turkmenistan, Trend reports with reference to the union.

The associations will unite private producers of various products in demand on the domestic and foreign markets.

Currently, work is underway on the establishment of two associations as part of the union. Thus, the first association will unite poultry farmers of Turkmenistan, and the other – producers who grow fruit and vegetable products in greenhouses.

The associations will contribute to the coordination of the work of private firms, the timely solution of business problems relevant to the industry, as well as provide legal and expert support to enterprises of the country.

Currently, the union unites more than 26,200 members.

As reported, the trade turnover of enterprises-members increased by 5.4 percent from January to May this year compared to the same period last year.

During the reporting period, the cash turnover of private enterprises providing services to the population increased by 3.1 percent, and the cash turnover of private enterprises conducting construction and installation work increased by 1 percent.

Also, from January through May 2021, the manufacture of industrial products in the private sector of Turkmenistan increased by 6.6 percent, and agricultural manufacture - by 26 percent.

Over the five months of this year, the number of members of the union increased by 7 percent, reaching 26,200.

In accordance with the "Concept for the development of the digital economy in Turkmenistan for 2019-2025", the members of the Union of Industrialists and Entrepreneurs of Turkmenistan carry out activities for the introduction of digital technologies.

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Follow the author on Twitter: @JeilaAliyeva

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