75 D.Azady Street, Turkmenbashi
Economy of Turkmenistan in the world

According to the goals of the “Revival of a new era of a stable state: the National Program for the Socio-Economic Development of Turkmenistan for 2022-2052” and the “Program of the President of Turkmenistan for the Socio-Economic Development of Turkmenistan” of the country in 2022-2028,” the policy of neutrality of Turkmenistan is of global strategic importance. As a tool, it is aimed at further developing cooperation with countries of the world and the region, as well as with authoritative international organizations. Diversification of the national economy of the state, the introduction of high technologies and digitalization processes into the system provide a powerful impetus for active participation in the global economic space and world economic relations.

Turkmenistan attaches great importance to cooperation with various countries of the world in high-tech industries, the introduction of modern advanced knowledge and management solutions in the context of a rapidly developing national economy. With the adoption of medium-term and long-term government programs, Turkmenistan is provided with developed capacities in the electric power industry, oil and gas production, oil refining, chemical and petrochemical industries, mechanical engineering and iron processing, production of building materials, light and food industries. The fields of the Turkmen part of the Caspian Sea are being developed jointly with foreign partners. The fields in the Turkmen part of the Caspian Sea are being developed jointly with foreign partners. Construction of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline continues. This new energy bridge will ensure long-term transportation of Turkmen natural gas to large countries in South Asia, and will serve as a powerful impetus for the socio-economic development of the entire region, business cooperation and the strengthening of peace. The transport and logistics strategy implemented by Turkmenistan is rooted in ancient times - the Great Silk Road. Today Turkmenistan is implementing transit transport projects in the North-South and East-West directions. Turkmenistan-Azerbaijan-Georgia-Turkey, Uzbekistan-Turkmenistan-Iran-Oman-Qatar and TRACECA are actively involved in the creation of international transport corridors. In addition, projects were implemented for the construction of road and railway bridges across the Amu River, international airports in Ashgabat, Turkmenbashi, Turkmenabat, Kerki, and an international seaport in Turkmenbashi. Turkmenistan is guided by strategic objectives and program documents in clearly defined areas, is committed to continuing comprehensive mutually beneficial trade and economic relations with foreign countries, international and regional economic and financial organizations and institutions, and is intensifying efforts to solve existing problems. in this area. Policy to strengthen relations with the Organization for Economic Cooperation and Development, the International Monetary Fund, the World Bank Group, the European Bank for Reconstruction and Development, the Asian Development Bank, the Islamic Development Bank and other financial and economic entities. active cooperation is underway. The efforts made in the foreign economic system are aimed at strengthening the country’s position in world economic relations, developing new markets and increasing export opportunities and foreign investment, exporting Turkmen goods and services to the world market, making full use of the capabilities of international and regional economic and financial organizations. It is also aimed at to create a positive image of the country before the economic and financial communities of the world.

Teacher: Ashirova Makhrijamal

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Apr 08 2024

The phrase "don't work for money, let money work for you" is often repeated by entrepreneurs and financiers. How to manage the money? The essence of this question is whether money can bring money. Investing is the use of available funds for the purpose of making a profit. Investments are important in opening new businesses, bringing new innovative products to the market, and even improving the economic situation of entire countries. Let's try to better understand the role of investment in the economy! As we mentioned, the main goal of investing is to get a profit or some other useful result over time. From this point of view, any action aimed at making a profit can be called an investment. For example, when choosing a profession, a person chooses it with the expectation of good future income and satisfaction. In the future, the demand for the profession he learned may increase or decrease. A person invests his main resource here - his time. But in the world of finance, investing means putting any property or funds into a business or other type of business with the goal of generating future income. There are many types and methods of investing. One of them is the direct purchase of an asset that can bring benefits in the future. This type of capital refers to the acquisition of income-generating assets such as real estate, technology, ready-made businesses, copyrights, patents, knowledge, and know-how. Financial investments include investments by investors in the securities and loans of enterprises. Every day, thousands of new businesses are opening around the world, and existing businesses are trying to expand their production and increase their profits. It is clear that businesses need funds to establish or expand their business. Thus, in case of lack of funds, the company can borrow the necessary funds or sell a certain part of its company, that is, its shares, to parties with funds. In the future, the income from these stocks will increase and bring great benefits to the investor. This mechanism frees parties in need of funds from the risk of becoming indebted, and allows parties with funds to benefit. It is a strong and clear fact that borrowed funds must be repaid. It goes without saying that there is a risk of being in debt if the business fails. When making an investment, the investor accepts and calculates all the risks, believes that the investment will be paid in the future, and gives his funds. The difference between a loan and an equity investment is as follows. Before investing, special attention is paid to two indicators: risk and expected profitability. Capital projects with a low level of risk have low returns. Conversely, projects with high expected returns are often risky. The riskiest investments are called venture investments. These include investments in startups trying to bring a new product to market. Investment beginners are advised to diversify their investments. That is, all resources should be directed not to one place, but to different places. In this way, some investments make a profit and some lose, creating a balance and reducing the risk of loss. Professional investors calculate the risks, analyze the market conditions, perform due diligence and invest. Today there are businesses that specialize in these services. Angel owners entrust their funds to them for more efficient investment. These companies keep a certain percentage of the profit. The largest of these are American companies such as "The Vanguard Group", "BlackRock, Inc.", and "State Street Corporation", which form the "big three" of the largest investment companies. When it comes to investments, it is worth noting the world-famous investors, that is, investors. Warren Buffett, Ray Dalio, and James Simons are among the greatest investors, and their books on investing are among the best-selling and most-read works. In addition, these books are more suitable for both those interested in entering the capital markets of the world and the investor. Investments are divided into 3 groups according to the origin of deposits: private, state and foreign investments. Private investment refers to investments made by citizens of the country. Investments made from the funds of the state budget are called state investments. Governments often focus their investments on social and economic sectors, on the development of priorities in the state.