Economy

These days, active preparations are underway for the upcoming Forum for attracting foreign investment in the energy sector of Turkmenistan, which will be held on April 26-27, 2023 in Dubai, UAE.
23.03.2023
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The purpose of this event is to expand opportunities for attracting foreign direct investment in the oil and gas industry of Turkmenistan and to strengthen the regional dialogue on the further sustainable development of the energy sector. The Forum will bring together leading national and international energy companies, as well as experts who shape the future of the oil and gas industry not only in Turkmenistan, but also in the region as a whole.

About the Roadshow
12.03.2023
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The Roadshow to Attract Foreign Investments in Turkmenistan’s Energy Sector will be held at the Hyatt Regency hotel in Dubai on April 26 and 27, 2023. The Roadshow‘s principal organizers are the State Concerns "Turkmengas" and" Turkmennebit", and the State Corporation “Turkmengeology” in partnership with Turkmen Forum and UK-based GaffneyCline.

What advantages will the Bahrain Hub give Turkmenistan?
24.02.2023
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After the talks between the heads of Turkmenistan and Bahrain, the sides published a joint communique outlining the basic principles of further cooperation and plans for the near future.

SBFEA of Turkmenistan applies the most modern financial reporting standard
23.02.2023
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The State Bank for Foreign Economic Activity of Turkmenistan uses the most modern financial reporting standard — IFRS 9 "Financial Instruments".

China - Central Asia: a new paradigm of cooperation
16.02.2023
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China and five Central Asian countries opened the first-ever forum on industrial and investment cooperation in Qingdao, Shandong Province on Thursday. The event is aimed at expanding cooperation in the field of digital economy, energy and agriculture.

TAPI gas pipeline: Pakistan ready to move forward
09.02.2023
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Pakistan has demonstrated its readiness to start implementing the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project with or without India, as Afghanistan is ready to assemble special forces for this project. This was stated by the Minister of State for Oil and Natural Resources Musadiq Malik during his recent visit to Saudi Arabia, writes Business Recorder, a daily financial newspaper in Pakistan.

How promising is cryptocurrency mining in Central Asia?
02.02.2023
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Over the past two years, cryptocurrency mining in the Central Asian market has shown a positive trend. The legalization of their purchase and sale from October 2022 in Kazakhstan in this case is crucial.

SBFEAT celebrates the 31st anniversary of its foundation
27.01.2023
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The State Bank for Foreign Economic Activity of Turkmenistan (SBFEAT) was established on January 27, 1992 to develop and strengthen Turkmenistan's foreign economic relations with foreign partners and has been repeatedly declared the best bank in the country according to various economic publications. This year, the bank celebrates the 31st anniversary of its formation, having reached new heights that have brought significant benefits to society and the state.

Obtaining a license in Turkmenistan: how to legalize your activities
23.01.2023
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Obtaining a license is not only for those who plan to do big business. If you provide professional services even to a narrow circle of people, then you should also legalize your activities. In this article we will talk about licensed activities in Turkmenistan and answer the questions — who should get a license and what is necessary for this.