Turkmenistan

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Coat of arms: retains some components of the Soviet one such as cotton, wheat and rug. The eight-point green starburst, a symbol of Islam, to which a majority of Turkmen profess) with golden edges features in its center a red circular disc which carries sheaves of wheat, five carpet guls, and centered upon that a smaller blue circle with a lifelike (rather than heraldized) depiction of former President Saparmurat Niyazov's pet Akhal-Teke horse Yanardag, a source of pride for the Turkmen people. 

Flag: features a white crescent (symbol of Islam) and five stars representing the five regions of the country. Placed upon a green field is a symbolic representation of the country's famous carpet industry.

It features a green field with a vertical red stripe near the hoist side, containing five carpet guls (designs used in producing rugs) stacked above two crossed olive branches similar to those on the flag of the United Nations; a white waxing crescent moon, typical of Turkic and Islamic symbology, and five white five-pointed stars appear in the upper corner of the field just to the fly side of the red stripe.

 
  • Anthem: «State Anthem of Turkmenistan» was adopted as the national anthem of Turkmenistan in 1996, then again with modified lyrics in 2008.
  • Official languages: Turkmen.
  • Geographical location: it is a country in Central Asia, bordered by Kazakhstan to the northwest, Uzbekistan to the north and east, Afghanistan to the southeast, Iran to the south and southwest, and the Caspian Sea to the west.
  • Administrative divisions: Turkmenistan is divided into five provinces and one capital city district.
  • Capital: Ashgabat.
  • Governance: the politics of Turkmenistan take place in the framework of a presidential republic, with the President both head of state and head of government.
  • Population: 5.5 million.
  • Currency: Turkmen new manat.
  • GDP: $29.7 billion.
  • Time zone: GMT +5. 
  • Telephone code: +993.
  • Barcode: 483.
 

 

Trade and economic cooperation between Belarus and Turkmenistan

The oil and gas industry plays a significant role in the country's economy and determines the economic situation in Turkmenistan. For years, prosperity of the country has been based on hydrocarbon revenues; hydrocarbons account for about 90% of Turkmenistan's total exports.

Turkmenistan's economic performance:

  • Trade turnover — $26.2 billion;
  • Exports — $12.1 billion; 
  • Imports — $14.1 billion;
  • Balance of trade — - $2 billion (negative).

Turkmenistan's most valuable export products:

  • Petroleum gases (79,3%);
  • Processed petroleum oils (10.1%);
  • Cotton (2.7%);
  • Gold (2.3%);
  • Cotton yarn (1.5%); 
  • Polypropylene (0.9%);
  • Crude oil (0.6%).

Turkmenistan's most valuable import products:

  • Floating drilling or production platforms (4.6%);
  • Tubes, pipes and hollow profiles of iron or steel (4.4%);
  • Rods of iron or non-alloy steel (2.9%);
  • Trucks (2.6%);
  • Structures of iron or steel (2.6%);
  • Insulated wire and cables (2.2%);
  • Valves for pipes (2%);
  • Electric generating sets (2%);
  • Special purpose vehicles (1.7%);
  • Cabinets and bases with apparatus (1.6%);
  • Transformers (1.5%);
  • Bulldozers, graders, excavators (1.4%);
  • Purifying machinery and apparatus for liquids and gases (1.3%);
  • Telephone sets (1.3%);
  • Medicaments (1.3%);
  • Pumps for liquids (1.3%);
  • Furniture (1.2%).

In January — September 2016, trade turnover between Belarus and Turkmenistan increased by 41.8% to $95.9 million as compared to the same period of 2015. Belarusian exports to this country increased by 35.2% to $89.4 million, trade surplus was $82.9 million.

Belarus increases its exports of services to Turkmenistan steadily. In January — September 2016, Belarusian exports of services to this country increased by 20.8% to $131.6 million as compared to the same period of 2015.

Agriculture, health care, science and new technologies are considered to be the most promising areas of cooperation between Belarus and Turkmenistan. In addition, IT is seen to be a priority.

Turkmenian state and private companies have problems with currency conversion, that constrains trade and economic cooperation between Belarus and Turkmenistan.

Belarusian companies may:

  • expand their dealer networks in Turkmenistan and create an industrial cluster in Ashkhabad (it should be noted that Turkmenistan does not conclude government contracts);
  • supply more agricultural machinery to this country (harvesting machinery, forage and cotton machinery; mowers and trailers); 
  • supply elevators for new houses in the cities of Turkmenistan, and participate in the elevators replacement programs;
  • Stadler-Minsk may supply diesel-electric trains to Turkmenistan to connect Ashgabat with other cities of the country;
  • supply various food products in big quantities (but Belarusian producers should lengthen shelf life of these products to sell them in Turkmenistan);
  • CJSC Fidmash and CJSC Hydrodynamics may supply oil and gas equipment; 
  • branches of Belarusian construction companies, engaged in construction of the Garlyk Mining and Processing Plant, may project and build industrial and civil facilities in Turkmenistan; 
  • supply more medicaments to Turkmenistan;
  • supply assembly sets of multifunctional unmanned aircraft systems and equipment to produce finished products at the assembly plants; supply a new model of an unmanned aircraft system Burevestnik MB;
  • supply equipment and render services within the framework of military and technical cooperation between the countries;
  • provide IT services to authorities and banks of Turkmenistan; 
  • If the project on construction of the Garlyk Mining and Processing Plant is implemented timely and successfully, it will influent considerably on Belarusian exports and further development of cooperation between Belarus and Turkmenistan.

 

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in Turkmenistan, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Turkmenistan for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

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