Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Friday April 16 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

WB says Turkmenistan to maintain its leading position

11 January 2016 16:00 (UTC+04:00)
1 761

By Laman Sadigova

Turkmenistan will maintain its leading position in the world rankings in terms of annual growth in the coming years, reads the Global Economic Prospects report issued by the World Bank.

The World Bank has estimated that Turkmenistan's economy grew by 8.5 percent in 2015 and will continue its dynamics of the growth by 8.9 percent in 2016 -2017.

In 2015, the growth of the gross domestic product was 6.7 percent, including in the construction industry - 9.3 percent, trade - 10.4 percent, transport and communication sector - 9.8 percent.

Currently, Turkmenistan holds a key position in the gas market of the Caspian and Central Asia regions, supplying gas to Iran and China.

Also, the country ranks the fourth place in the world in terms of natural gas reserves, which gives it a good chance to enter new markets in South Asia and Europe.

The Turkmen Ministry of Petroleum and Mineral Resources assure that the results, achieved in terms of falling world energy prices, proves the stability of the national economy.

International Monetary Fund’s experts also stress that the Turkmen authorities benefited from the period of high prices of energy carriers and could increase income per capita in accordance with scientifically-planned development of the hydrocarbon sector.

For instance, significant resources accumulated in the Reserve Monetary Fund and the Stabilization Fund will allow Turkmenistan to cope with the current challenges and contribute to the preservation of the high GDP growth throughout the probable multi-year period of lower energy prices.

---

Follow Laman Sadigova on Twitter: @s_laman93

Follow us on Twitter @AzerNewsAz

  • #TURKMENISTAN'S ECONOMY GREW
  • #GLOBAL ECONOMIC PROSPECTS
  • #THE WORLD BANK

Related News

Azerbaijan, World Bank, IFC mull offshore wind energy development

Azerbaijan, World Bank, IFC mull offshore wind energy development

12 April 14:17
Azerbaijan, World Bank mull bilateral cooperation <span class="color_red">[PHOTO]</span>

Azerbaijan, World Bank mull bilateral cooperation [PHOTO]

2 April 13:12
Azerbaijani FM, officials from international agencies mull post-war restoration

Azerbaijani FM, officials from international agencies mull post-war restoration

30 December 2020 15:30
World Bank: Azerbaijan among top ten reformer countries

World Bank: Azerbaijan among top ten reformer countries

17 December 2020 11:47
World Bank hails Azerbaijan’s progress in healthcare, education

World Bank hails Azerbaijan’s progress in healthcare, education

18 September 2020 17:10
President Aliyev says economic growth, diversification among Azerbaijan's priorities <span class="color_red">[UPDATED]</span>

President Aliyev says economic growth, diversification among Azerbaijan's priorities [UPDATED]

18 June 2020 15:23
Azerbaijan, Switzerland agree on joint program to tackle economic results of COVID-19

Azerbaijan, Switzerland agree on joint program to tackle economic results of COVID-19

2 June 2020 14:28
WB provides additional support to improving Azerbaijan’s judicial system

WB provides additional support to improving Azerbaijan’s judicial system

28 March 2020 12:28
World Bank conducts interim evaluation of partnership strategy with Azerbaijan

World Bank conducts interim evaluation of partnership strategy with Azerbaijan

24 September 2019 21:01
WB highly appreciates reforms of social sector in Azerbaijan

WB highly appreciates reforms of social sector in Azerbaijan

22 February 2019 14:23
  • Latest
  • Popular
15 April 19:10 • Russian, Belarus presidents discuss situation in Karabakh via phone
15 April 18:50 • Turkey sees decline in number of real estates bought by Azerbaijani citizens in 1Q2021
15 April 18:43 • Opening of Zangazur corridor to expand Azerbaijan's transit potential, says expert
15 April 18:27 • +21 °C expected in Baku
15 April 18:15 • Defense Ministry shares video from Zangilan's Agh Oyuq village [VIDEO]
15 April 18:00 • PM says Armenian army to be reformed within Russian army
15 April 17:50 • Italian senator: Why Armenia destroyed Aghdam if it considered it to be its own? [PHOTO]
15 April 17:42 • Azerbaijan announces commissioning date for 'Victory Road' to liberated Shusha [PHOTO]
15 April 17:30 • Azerbaijan sees increase in prices for silver, platinum, palladium
15 April 17:14 • Miss & Mister Azerbaijan 2020 named [PHOTO]
15 April 16:53 • Azerbaijani oil prices continue to rise
15 April 16:44 • Azerbaijan confirms 2,317 more COVID-19 cases, 2,109 recoveries
15 April 16:38 • Shusha Musical Theater's actors awarded [PHOTO]
15 April 16:15 • Turkey hopes US won't recognize so-called "Armenian genocide" - Turkish FM
15 April 16:05 • SOCAR implemented investment projects worth $13bn in Turkey
15 April 16:00 • Azerbaijan boosts electricity production in March
15 April 15:42 • War Trophy Park in Baku symbolizes heroic Azerbaijani people's triumphant victory - MP [PHOTO]
15 April 15:15 • Azerbaijani PM meets outgoing Turkish envoy
15 April 14:53 • National judokas to compete in Lisbon
15 April 14:42 • Group of journalists visit Azerbaijan’s Aghdam district [PHOTO]
15 April 17:14 • Miss & Mister Azerbaijan 2020 named [PHOTO]
15 April 14:33 • Azerbaijan, IFC sign MoU on offshore wind energy resources [PHOTO]
15 April 11:15 • Baku urges French envoy in Armenia to be responsible in war-related remarks
15 April 13:39 • Aliyev: Azerbaijan focused on confidence-building measures, joint regional projects [UPDATE]
15 April 16:05 • SOCAR implemented investment projects worth $13bn in Turkey
15 April 09:45 • Azerbaijan's First VP gives instructions in regards to Tunar Bagırov suffering from SMA
15 April 13:18 • UN concludes field mission to Azerbaijan's war-affected regions
15 April 10:47 • Azerbaijan's religious board launches virtual TV channel in Ramadan
15 April 12:00 • Azerbaijan opens new military unit in liberated Gubadli
15 April 16:00 • Azerbaijan boosts electricity production in March
15 April 15:15 • Azerbaijani PM meets outgoing Turkish envoy
15 April 09:30 • Heydar Aliyev Palace to expand cultural ties [PHOTO]
15 April 17:30 • Azerbaijan sees increase in prices for silver, platinum, palladium
15 April 10:15 • More apartments given to war-affected citizens [PHOTO]
15 April 11:33 • National History Museum displays unique exhibits [PHOTO]
15 April 12:55 • Armenian PM says about 4,000 soldiers killed in Karabakh war
15 April 18:43 • Opening of Zangazur corridor to expand Azerbaijan's transit potential, says expert
15 April 16:15 • Turkey hopes US won't recognize so-called "Armenian genocide" - Turkish FM
15 April 12:18 • Azerbaijani boxer beats Armenian rival
15 April 17:50 • Italian senator: Why Armenia destroyed Aghdam if it considered it to be its own? [PHOTO]
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved