Institute of Chemistry of Turkmenistan becomes first research institution switched to self-financing
BAKU, Azerbaijan, January 8
By Jeila Aliyeva - Trend:
All laboratories and departments of Turkmenistan's Institute of Chemistry of the Academy of Sciences have switched to full self-financing since 2021, Trend reports with reference to “Turkmenistan” Golden Age” ( Turkmenistan: Golden Age) electronic newspaper.
The Institute of Chemistry of the Academy of Sciences of Turkmenistan is the first scientific research institution, whose expenses are financed from its own funds.
The institution switched to self-financing a year earlier than planned due to adaptation to market conditions. Thus, the transformation of the organizational form of the institute into a self-supporting one was carried out for several years and, in accordance with the decree of President of Turkmenistan Gurbanguly Berdimuhamedov, was to be completed in 2022.
The profit of the institution has increased fourfold over the past six years, the report says.
For more than seven years Institute of chemistry conducts scientific research on the economic-contractual arrangement with the enterprises of leading branches of economy, Turkmenhimiya, Turkmengas, Turkmenneft State Concerns, Turkmengeology State Corporation, enterprises of the Ministry of Industry and Construction Production of Turkmenistan, as well as agricultural producers and entrepreneurs of the country.
A new Industrial Chemistry laboratory was created at the Institute of Chemistry within the framework of Turkmenistan's program of integrated development of chemical science from 2021 through 2025.
The functions of Technological Projects laboratory have been expanded since January, which will now not only develop documentation, but also implement projects.
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