BAKU, Azerbaijan, June 30
By Jeila Aliyeva - Trend:
Foreign JCB, Renault Trucks, Wirtgen Group and John Deer are ready to provide members of the Union of Industrialists and Entrepreneurs of Turkmenistan with favorable preferential loans for the purchase of their equipment, Trend reports with reference to the Union of Industrialists and Entrepreneurs of Turkmenistan.
Preferential loans will be allocated in partnership with the State Bank for Foreign Economic Affairs of Turkmenistan.
Joint and foreign companies are active in almost all sectors of Turkmenistan’s economy, most of which belong to the non-state sector.
Some 635 joint and foreign enterprises, 986 of their branches and representative offices from more than 70 countries were registered in Turkmenistan at the beginning of 2020.
The scale of activities of foreign companies in Turkmenistan is most clearly characterized by indicators in the oil and gas industry, where several projects are being implemented by foreign investors under the terms of production sharing agreements.
The priority activities of joint and foreign enterprises in Turkmenistan include construction, manufacturing, wholesale and retail trade, repair of motor vehicles, transportation, storage of goods, scientific and technical activities, agriculture, forestry and fishing.
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