ASHGABAT, Turkmenistan, May 7. Enterprises within Turkmenistan's industrial sector, overseen by the Ministry of Trade and Foreign Economic Relations, experienced a 2.7 percent uptick in production from January through April this year, Trend reports.
This was announced by Deputy Chairman of the Government of Turkmenistan, Batyr Atdaev, at a meeting of the Cabinet of Ministers.
According to him, the growth rate of trade turnover in the first four months of this year in this ministry amounted to 4.1 percent compared to the same indicators last year.
Furthermore, the Deputy Chairman added that since the beginning of the year, the State Commodity and Raw Materials Exchange of Turkmenistan has held 98 trading sessions, during which 9,511 contracts were registered.
"The growth rate of the work carried out by the Chamber of Commerce and Industry of Turkmenistan during the reporting period reached 10.3 percent; 6 exhibitions and 41 conferences were organized," Atdaev noted.
Meanwhile, Turkmenistan's industrial sector is experiencing significant growth, propelled by strategic investments in vital areas such as chemicals, construction, textiles, oil and gas, and building materials.
Initiatives by the government aimed at modernizing and enhancing the economy, such as the establishment of new manufacturing plants and infrastructure upgrades, are attracting foreign investors and bolstering the competitive edge of local enterprises in global markets.