The European Bank for Reconstruction and Development (EBRD) has highlighted the need for Turkmenistan to diversify its gas export markets to ensure sustained economic growth.
The European Bank for Reconstruction and Development (EBRD) has highlighted the need for Turkmenistan to diversify its gas export markets to ensure sustained economic growth.
In its latest outlook, the bank noted that over 70% of Turkmenistan's gas exports are directed to China, creating economic vulnerabilities tied to this heavy reliance.
Recent developments, including a memorandum of understanding with Türkiye, signal potential access to European Union markets. Additionally, progress on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline could open avenues in the growing South Asian energy market, the EBRD report noted.
The bank also underscored the significance of Turkmenistan's new energy-saving legislation, introduced this year. The law aims to enhance energy efficiency through advanced technologies, resource optimization, and strengthened energy savings, paving the way for more sustainable growth in the energy sector.
Looking ahead, the EBRD projects Turkmenistan's GDP growth at 6.3% for both 2024 and 2025. Official data shows the economy expanded by 6.3% year-on-year in the first seven months of 2024, driven by investments in infrastructure, energy, and services, as well as government-led initiatives boosting construction and service activities.
Greek Prime Minister Kyriakos Mitsotakis visited Türkiye on Wednesday as part of a large delegation for talks with President Recep Tayyip Erdoğan....
Turkish President Recep Tayyip Erdoğan and Greek Prime Minister Kyriakos Mitsotakis oversaw the signing of seven cooperation agreements in Ankara on ...
U.S. Attorney General Pam Bondi became embroiled in a shouting match with Democratic lawmakers during a combative House Judiciary Committee hearing on...
Russia will continue to adhere to the strategic missile and warhead ceilings set under the now-expired New START agreement, provided the United States...
Day five of the Milano Cortina 2026 Winter Olympics delivered raw emotion, technical brilliance and striking alpine backdrops as athletes battled for ...
Turkmen authorities announced that the next summit of the Commonwealth of Independent States (CIS) will take place in Turkmenbashi’s Avaza National Tourist Zone, according to a statement.
A landmark agreement between Türkiye’s state pipeline operator BOTAŞ and Turkmenistan’s state-owned Turkmengaz marked a significant step forward in the energy ties between the two nations.
Japan and five Central Asian nations have unveiled a range of initiatives aimed at strengthening critical minerals supply chains and fostering broader regional cooperation, following their first summit in Tokyo on Saturday.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
JD Vance arrived in Armenia on Monday (9 February), becoming the first sitting U.S. Vice President to visit the country, as Yerevan and Washington agreed to cooperate in the civil nuclear sector in a bid to deepen engagement in the South Caucasus.
The United States and Azerbaijan signed a strategic partnership in Baku on Tuesday (10 February) encompassing economic and security cooperation as Washington seeks to expand its influence in a region where Russia was once the main power broker.
Buckingham Palace said it is ready to support any police investigation into allegations that Prince Andrew shared confidential British trade documents with late sex offender Jeffrey Epstein, as King Charles expressed “profound concern” over the latest revelations.
U.S. military forces have seized a sanctioned oil tanker in the Indian Ocean after tracking the vessel from the Caribbean Sea, the Pentagon said on Monday.
“Peace is not just about signing treaties - it’s about communication, interaction and integration,” Sultan Zahidov, leading adviser at the AIR Center, told AnewZ, suggesting U.S. Vice President JD Vance's visit to the South Caucasus could advance the peace agenda between Azerbaijan and Armenia.
Plans to merge Tbilisi State University and Georgian Technical University have been scrapped by Georgia’s Prime Minister Irakli Kobakhidze, who backed down on the proposed move after days of backlash from lecturers and students.
Afghanistan’s humanitarian situation remained severe throughout 2025, with millions still struggling to meet basic needs, according to a new report by the International Committee of the Red Cross (ICRC).
Uzbekistan is combining renewable energy expansion with sweeping land restoration, installing solar stations in local communities while rehabilitating degraded farmland to spur rural development and climate-smart growth, the government has announced.
The United States and Azerbaijan signed a new strategic partnership agreement in Baku on Tuesday, expanding cooperation on defence, energy security, artificial intelligence and economic ties.
The United States and Azerbaijan signed a strategic partnership in Baku on Tuesday (10 February) encompassing economic and security cooperation as Washington seeks to expand its influence in a region where Russia was once the main power broker.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment