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.
Leaders of Central Asian countries and Italy convened in Astana for the first Central Asia–Italy summit, culminating in the adoption of a Joint Declaration aimed at deepening political, economic, and cultural cooperation.
Turkmenistan’s freight transit is on the rise, with over 2 million tons moved in just four months — a 20% surge from last year.
Turkmenistan’s Foreign Minister Rashid Meredov and China’s Foreign Minister Wang Yi discussed enhancing cooperation in diplomacy, economy, and energy. They emphasized strong ties, mutual support in global forums, and agreed to maintain regular diplomatic dialogue to boost bilateral relations.
An exhibition of Azerbaijani and Turkmen carpets and handicrafts has opened in Tbilisi, celebrating the rich cultural heritage and centuries-old weaving traditions of both nations.
Turkmenistan’s Deputy Minister of Foreign Affairs, Serdar Muhammetdurdiyev, met with the International Monetary Fund (IMF) delegation led by Anna Rose Bordon, head of the IMF mission in Turkmenistan.
Azerbaijan's participation in Expo 2025 in Osaka is drawing praise from Japan, as top officials meet to explore broader cooperation in energy, reconstruction, and cultural exchange.
Donald Trump acknowledged his personal liking for Chinese President Xi Jinping but described him as a tough negotiator, amid ongoing disputes over tariffs and trade agreements between the U.S. and China.
Uzbekistan and Azerbaijan are deepening their economic and political ties, with joint ventures increasing fivefold and trade turnover tripling in just five years, signaling a new strategic phase in bilateral cooperation.
France will contribute an additional €200 million to support reconstruction projects and Ukraine’s integration into the European market, - Prime Minister Denis Shmygal has announced.
The foreign ministers of Kazakhstan and Burkina Faso met in Astana, marking the first such visit in history and setting the stage for deepened cooperation across various sectors, as Kazakhstan actively expands its engagement with the African continent.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
In a major blow to one of President Donald Trump’s key economic policies, a US federal court has blocked the administration’s sweeping global tariff regime, ruling that the White House overstepped its constitutional authority.
A bridge collapse in the Vygonichsky district of Russia’s Bryansk region, near the Ukrainian border, caused a train derailment and a traffic accident early Sunday, killing at least seven people and leaving 30 injured, according to emergency services.
Azerbaijan's participation in Expo 2025 in Osaka is drawing praise from Japan, as top officials meet to explore broader cooperation in energy, reconstruction, and cultural exchange.
Uzbekistan and Azerbaijan are deepening their economic and political ties, with joint ventures increasing fivefold and trade turnover tripling in just five years, signaling a new strategic phase in bilateral cooperation.
The foreign ministers of Kazakhstan and Burkina Faso met in Astana, marking the first such visit in history and setting the stage for deepened cooperation across various sectors, as Kazakhstan actively expands its engagement with the African continent.
Iran’s supreme leader dismissed a key U.S. demand to halt uranium enrichment but did not close the door on further negotiations, as nuclear talks continue amid rising regional tensions.
Azerbaijan and Kenya mark 20 years of diplomatic relations with strengthened dialogue and growing cooperation across energy, trade, and digital services.
Azerbaijan's participation in Expo 2025 in Osaka is drawing praise from Japan, as top officials meet to explore broader cooperation in energy, reconstruction, and cultural exchange.
Donald Trump acknowledged his personal liking for Chinese President Xi Jinping but described him as a tough negotiator, amid ongoing disputes over tariffs and trade agreements between the U.S. and China.
Uzbekistan and Azerbaijan are deepening their economic and political ties, with joint ventures increasing fivefold and trade turnover tripling in just five years, signaling a new strategic phase in bilateral cooperation.
France will contribute an additional €200 million to support reconstruction projects and Ukraine’s integration into the European market, - Prime Minister Denis Shmygal has announced.
The foreign ministers of Kazakhstan and Burkina Faso met in Astana, marking the first such visit in history and setting the stage for deepened cooperation across various sectors, as Kazakhstan actively expands its engagement with the African continent.
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