BAKU, Azerbaijan, August 26
By Jeila Aliyeva - Trend:
Turkmenistan will remain in the center of Raiffeisen Bank International’s (RBI) focus in terms of research and analysis, the representative of RBI told Trend.
“Turkmenistan is a market which RBI has been following for a while,” said RBI.
Generally, Turkmenistan remains a highly interesting destination for cooperation for the bank, added the representative.
RBI noted that COVID-19 pandemic requires them to decrease the pace of penetrating into new markets therefore they currently don’t have any new initiatives in Turkmenistan.
“The RBI and local financial institutions of Turkmenistan can implement joint projects as Turkmenistan further improves risk management measures, as well as the structure of the Turkmen financial market,” said RBI.
As reported, earlier negotiations on establishing business contacts between the Turkmen Rysgal Joint Stock Commercial Bank and Austrian Raiffeisen Bank International were held.
As earlier Federal Ministry for Digital and Economic Affairs of Austria told Trend, Austria's main area of interest in Turkmenistan is energy, including renewable sources of energy, environmental technologies such as water and waste management, health technology and pharmaceuticals, agriculture, food processing, infrastructure and digitalization (e-government, e-learning), added ministry.
The prospects of the country's cooperation with Austria cover the creation of joint innovative facilities in the Turkmen free economic zones, the construction of mineral fertilizer production plants, and cooperation in petrochemical and gas sectors.
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