Turkmenistan Economic News
IMF announces macroeconomic prognosis for Turkmenistan
The International Monetary Fund expects that Turkmenistan's economic growth will hit 10.1 percent in 2013 and 10.7 percent in 2014, the fund's statement, published on Nov.12, said.
"Sustainable economic growth is being observed in 2013 which is caused by high growth rates in the non-hydrocarbon sector being fueled by a large volume of state investments, said the statement. The report also said that the sharp and steady decrease of world energy prices presents the highest possible risk to Turkmenistan's economic growth. In addition, there are risks related to the delays in growth rates of China and Russia, which are Turkmenistan’s largest trade partners.
Source: trend.az Turkmen-American Business Forum Held in Ashgabat
The Turkmen State Institute of Transport and Communications hosted a regular meeting of the Turkmen-American Business Forum, organized by the Ministry of Foreign Affairs of Turkmenistan and the US Embassy in Ashgabat. The forum focused on Turkmen-American cooperation in the transport and communication sector. Members of the Turkmen-US Business Council, including ITERA International Croup, Case New Holland, Bell Helicopter, Stewart Engineering, Microsoft, Motorolla Solutions, Hewlett Packard, and others attended the event. Government officials and representatives of ministries, the Academy of Sciences, the Chamber of Commerce and Industry, and the Union of Industrialists and Entrepreneurs of Turkmenistan represented the Turkmen side. President Berdymukhamedov personally received the executive director of the Business Council, Eric Stewart, who came to Ashgabat to participate in the event.
Source: Turkmenistan.ru US Says SpaceX to Launch Turkmenistan's Maiden Satellite
The US Ambassador to Turkmenistan said Tuesday that the Central Asian nation will launch its first ever telecommunication satellite on a private, US-made SpaceX craft in late 2014. The US Ambassador in Turkmenistan Robert Patterson said at the Turkmen-American business forum in the capital, Ashgabat, that the United States was eager to help the natural gas-rich nation in all spheres of development. The satellite is expected to be launched aboard a Falcon 9 rocket. Turkmenistan has already reached an agreement with French company, Thales Alenia Space, to design and build the satellite. The satellite will provide services to the national broadcaster, Internet and telephone communication, and video conferencing.
Source: RIA Ashgabat Hosts TIFA Meeting
Ashgabat hosted a four-day meeting of the Council of the Trade and Investment Framework Agreements (TIFAs), which provides strategic frameworks and principles for dialogue on trade and investment issues between the United States and the other parties to the TIFA with the objective of improving cooperation and enhancing opportunities for trade and investment. Deputy Assistant United States Trade Representative (DAUSTR) for South and Central Asian Affairs, Mara Burr, headed the American delegation.
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