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...
On 4 April 2023, Turkmenistan launched the Trade Information Portal with the aim of guiding both the local and foreign entrepreneurs through the import, export, and transit procedures. The development of this Portal was...
The Swiss bank UBS, which completed its acquisition of a struggling bank Credit Suisse, implemented stringent measures for Credit Suisse bankers, which prohibits them from accepting new clients from high-risk countries...
American think-tank the Heritage Foundation computes the “Index of Economic Freedom” on an annual basis. The foundation’s report for 2023 includes a short chapter on Turkmenistan’s performance with regards to economic...
The number of cards issued by the banks in Turkmenistan has been growing over the last five years. According to the Central Bank of Turkmenistan, the total number of cards issued by banks increased from 3,190,819 units...
Pro-government news outlets in Turkmenistan regularly cover and highlight the country’s global ranking for having the cheapest gasoline prices. In 2022, Turkmenportal published five news articles citing data from...
Huawei is the largest telecommunications equipment manufacturer and the second-largest manufacturer of smartphones in the world. While Huawei has been operating in Turkmenistan for over 20 years, little is known about...
