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Turkmenistan to provide assistance to entrepreneurs

Finance Materials 9 June 2021 11:59 (UTC +04:00)
Turkmenistan to provide assistance to entrepreneurs

BAKU, Azerbaijan, June 9

By Jeila Aliyeva - Trend:

Financial assistance will be provided to entrepreneurs in Turkmenistan, Trend reports with reference to Turkmenportal information portal.

The assistance will be provided in accordance with the resolution on state financial support for entrepreneurship, signed by President of Turkmenistan Gurbanguly Berdimuhamedov.

The document was adopted "in order to support small and medium-sized businesses in the country, stimulate entrepreneurial activity in various sectors of the national economy, improve state support for entrepreneurs, further increase the role of entrepreneurship in the economy, as well as create new jobs."

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 jobs.

As a result of the support of domestic producers, the number of goods and services that meet the needs of people is constantly increasing.

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.

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Follow the author on Twitter: @JeilaAliyeva

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