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Share of FEC to decrease in Turkmen GDP

Oil&Gas Materials 3 February 2010 19:09 (UTC +04:00)

Turkmenistan, Ashgabat, Feb.3 / Trend H.Hasanov /

"Share of fuel and energy complexes (FEC) is decreasing in the Turkmen GDP and this is a positive change," Turkmen President Gurbangulu Berdimuhamedov said 

Berdimuhamedov discussed with the French business circles the economic situation in Turkmenistan, one of the key suppliers of natural gas in the Caspian region, during his official visit to Paris Feb.1-3, Altin Asir national television reported.

"These positive changes are the result of increasing potential of the textile, metallurgical and chemical industry, construction sector and tourism, to the development of which great importance is attached," Berdimuhamedov said.

According to him, Turkmenistan formed a national model of market economy in a short period.

"Despite the global crisis, the growth rate remains high in many areas including the stable growth of GDP, volume of the industrial and agricultural production, foreign trade and investment aimed at building new facilities and technical modernization of branches," Berdimuhamedov said.

"The country is creating the most optimal conditions for realizing investment projects, expansion of economic cooperation. The government provides assistance to the investors as tax, customs, visa, insurance and other benefits," Berdimuhamedov said.

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