Ashgabat, Turkmenistan, June 13
By Huseyn Hasanov - Trend:
The privatization work should be accelerated in Turkmenistan, said the country's President Gurbanguly Berdimuhamedov.
He made the remarks during a meeting of the Cabinet of Ministers, said the message from Turkmenistan's government.
Placement of shares, organization of stock market and open competitive bidding should be the main tools of privatization, according to Turkmenistan's president.
"This will create a good opportunity to develop the mutually beneficial cooperation among investors," said Berdimuhamedov.
He noted that effective measures should be taken in order to reduce the number of state enterprises and organizations and to expand the private sector of the economy.
"Currently, the facilities owned by entrepreneurs operate better and more effectively than state enterprises," said Turkmenistan's president.
Turkmenistan pursues the policy of gradual transition to the market economy.