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.
Uzbekistan, Kazakhstan, Türkiye, Iran, China, and Turkmenistan have reached a key agreement on unified rail transport tariffs, marking a strategic step toward enhancing cargo flows along the China–Europe corridor through Central Asia and the Middle East.
Turkmenistan will host the next session of the High-Level Working Group on the Caspian Sea, following constructive discussions in Moscow among the five littoral states on maritime cooperation and legal frameworks.
Georgian Prime Minister Irakli Kobakhidze visits Turkmenistan to enhance bilateral ties, discuss trade, transport, and energy, and advance the Middle Corridor project.
The Asian Development Bank (ADB) has announced plans to provide technical assistance for a project titled "Integrated Solutions in Renewable Energy to Support the 'Green' Transformation in Turkmenistan" .
President Recep Tayyip Erdoğan met with NATO Secretary-General Mark Rutte in Ankara on Tuesday, just ahead of a pivotal two-day informal meeting of the alliance’s foreign ministers in Antalya, which will focus on European security and preparations for the upcoming NATO summit.
Two senior US envoys are expected to attend the upcoming Russia-Ukraine peace talks in Istanbul, where Ukraine's President Zelenskyy has confirmed his participation and invited Russia’s Vladimir Putin, according to US media reports.
Nissan Motor announced major cost-cutting measures, including the elimination of 11,000 additional jobs and reduced production, as the automaker faces declining profits and tough market conditions.
Ukrainian President Volodymyr Zelenskyy stated that a face-to-face meeting with Russian President Vladimir Putin would be essential for reaching a ceasefire, ahead of proposed talks in Istanbul later this week.
Uzbekistan and China will implement a mutual visa-free travel regime beginning June 1, following the completion of all required internal procedures on both sides, the Uzbek Foreign Ministry announced.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
A Rafale fighter jet operated by the Indian Air Force has reportedly been shot down for the first time in combat, according to sources cited by CNN, marking a significant and symbolic development in the ongoing escalation between India and Pakistan.
Pope Leo XIV made a surprise visit to the Basilica of Our Lady of Good Counsel in Genazzano. AnewZ covered the event, with journalist Maria Rodriguez Abalde on-site. She witnessed the occasion firsthand and documented key moments. More images and footage will be available soon.
Uzbekistan and China will implement a mutual visa-free travel regime beginning June 1, following the completion of all required internal procedures on both sides, the Uzbek Foreign Ministry announced.
Russia’s Rosatom has launched the production of key reactor equipment for Uzbekistan’s first small modular nuclear power plant, marking a major milestone in the bilateral energy project, Rosatom announced.
Armenian alcohol producers rallied outside the Georgian Embassy in Yerevan, demanding answers over prolonged border delays they say are blocking exports to Russia and causing major financial losses.
On May 13, President of Azerbaijan Ilham Aliyev received Turkish Minister of National Defence Yaşar Güler in Baku, where both sides praised bilateral military cooperation and Türkiye’s recent success in combating terrorism.
President Recep Tayyip Erdoğan met with NATO Secretary-General Mark Rutte in Ankara on Tuesday, just ahead of a pivotal two-day informal meeting of the alliance’s foreign ministers in Antalya, which will focus on European security and preparations for the upcoming NATO summit.
Two senior US envoys are expected to attend the upcoming Russia-Ukraine peace talks in Istanbul, where Ukraine's President Zelenskyy has confirmed his participation and invited Russia’s Vladimir Putin, according to US media reports.
Nissan Motor announced major cost-cutting measures, including the elimination of 11,000 additional jobs and reduced production, as the automaker faces declining profits and tough market conditions.
Ukrainian President Volodymyr Zelenskyy stated that a face-to-face meeting with Russian President Vladimir Putin would be essential for reaching a ceasefire, ahead of proposed talks in Istanbul later this week.
Uzbekistan and China will implement a mutual visa-free travel regime beginning June 1, following the completion of all required internal procedures on both sides, the Uzbek Foreign Ministry announced.
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