A study by Professor Aliya Isiksal from World Peace University in Northern Cyprus looked into the impact of natural resource (NR) wealth on the financial expansion of resource-rich Central Asia. This article summarizes...
Fitch Ratings assigned Turkmenistan a “B+” rating with a Positive Outlook in its latest report released in February 2024, which mirrors the rating given in August 2023. Fitch’s rating scale ranges from...
Turkmenistan’s progression towards the World Trade Organization (WTO) membership, initiated with its observer status application in May 2020, illustrates a multifaceted journey. This timeline, sourced from state media...
In February 2024, the government of Turkmenistan announced an increase in state purchasing prices for wheat and cotton with the aim of boosting agricultural productivity and incentivizing farmers. This move, which marks...
In 2023, Turkmenistan exceeded its job creation target by nearly threefold, generating 7,607 new jobs compared to the planned 2,688, reports Orient. After having examined this data closely and put in light of the...
Salaries in Turkmenistan are set to increase by 10% starting from January 1, 2024 according to President Serdar Berdimuhamedov’s decree. This once a year, regularly planned raise will include salaries of the...
The Asian Development Bank (ADB), established in 1966 and owned by 68 members, is dedicated to promoting prosperity, resilience, and sustainability across Asia and the Pacific. Turkmenistan became an ADB member in 2000...
Turkmenistan operates on a two-tier banking system, with the State Central Bank as the primary tier and commercial banks as the secondary tier. As the dominant financial institution in the nation, the Central Bank was...
According to the Bertelsmann Foundation Turkmenistan has an underdeveloped tax system, which is negatively impacted by widespread corruption. The state revenues remain dominated by proceeds from gas exports and the...
Turkmenistan is in the midst of the WTO accession process as it hopes to become a full member of the World Trade Organization. On November 24, 2021, Turkmenistan submitted its application to join the organization and on...
