Reforms reduce impact of economic crisis in Turkmenistan
Ashgabat, Turkmenistan, Oct. 23
By Huseyn Hasanov– Trend:
The ongoing reforms ensure more reliable stability of the economy against external risks and reduce the impact of the ongoing global economic crisis in Turkmenistan, Turkmen President Gurbanguly Berdimuhamedov said at the governmental meeting, the country’s media reported.
"We set the task to turn Turkmenistan into an industrially developed country," the Turkmen president was cited by Neutral Turkmenistan newspaper as saying.
“It is planned to create modern industrial infrastructure and establish big processing enterprises,” the president said. “Huge investments are made to construct new enterprises and reconstruct the existing ones.”
"The amount of investments increased by 4.6 percent compared to the same period of 2015," the president said.
According to Watan newspaper, some 122 large facilities worth about $2 billion were commissioned in the country in the last nine months. Among them are the enterprises for the production of carpets and rugs, as well as sulfuric acid, a furniture plant, a gas turbine power plant with a capacity of 254 megawatts in the Lebap region.
More than 2,000 different facilities worth more than $53 billion are being built in the country, the message said.
"It was possible to maintain high GDP growth at a level of 6.2 percent, increase the industrial production, maintain a steady rate of manat, low prices for goods and services on the domestic market and increase the amount of investments to the social sphere," the president said.