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Public Administration News  
Turkmenistan Gradually Switching to Market Economy
Source: en.trend.az
Source Date: Sunday, December 25, 2016
Focus: Electronic and Mobile Government, ICT for MDGs, Knowledge Management in Government, Internet Governance
Country: Turkmenistan
Created: Dec 26, 2016

Turkmenistan is gradually transitioning to market economy, the Turkmen Dovlet Habarlary state news service reported.

The country implements tasks to efficiently use natural resources, increase the production of various types of products made of local raw materials and saturate the internal market with domestic products that are able to compete successfully with imported analogues.

"The diversification policy and structural adjustment, strengthening of the national economy’s export potential, targeted investments in industry, agro-industrial complex and infrastructure, as well as comprehensive support for small and medium businesses, give tangible results," according to the news service.

In January-November 2016, Turkmenistan’s GDP increased by 6.2 percent. The GDP rose by 1.1 percent in industry, 4.4 percent in construction, 10.4 percent in the transport and communication sector and 12 percent in agriculture.

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