DOCSLIB.ORG

Turkmenistan Diagnostic by Hans Holzhacker and Dana Skakova

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Turkmenistan Diagnostic by Hans Holzhacker and Dana Skakova Turkmenistan Diagnostic By Hans Holzhacker and Dana Skakova May 2019 Contact persons: Hans Holzhacker (Lead Economist, Central Asia), Dana Skakova (Analyst, Central Asia. Country diagnostics are an EBRD tool to identify the main obstacles to entrepreneurship and private sector development and to help shape the Bank’s strategic priorities and project selection in new country strategies. Each diagnostic informs the EBRD’s policy engagement with the authorities in the country. Each country diagnostic assesses the progress and challenges of the country of operations in developing a sustainable market economy. Private sector development and entrepreneurship are at the heart of the Bank’s mandate in the regions of operation of the bank, but the private sector in all EBRD countries faces a range of problems and obstacles. The diagnostic highlights the key challenges facing private companies and shows where each country stands vis-à-vis its peers in terms of six qualities of transition – competitive, well- governed, resilient, integrated, green, and inclusive – and points out the main deficiencies and gaps in each quality. The diagnostics draw on a range of methodologies and best practice for assessing how big different obstacles are. Extensive use is made of in-house expertise across the EBRD, along with surveys such as the Business Environment and Enterprise Performance Survey (BEEPS) and the Life in Transition Survey (LiTS), as well as other cross-country surveys and reports from institutions such as the World Bank, World Economic Forum and OECD. For some larger countries, the diagnostics also draw on specially commissioned studies of selected issues that are critical for private sector development in the country. The diagnostics are led by the EBRD’s Country Economics and Policy team, drawing substantially on the expertise of sector, governance and political experts in the Economics, Policy and Governance department (EPG) and consulting widely with relevant experts across the EBRD when preparing the final product. The diagnostics are shared with the EBRD Board during the country strategy process and published during the public consultation period. The views expressed in the diagnostic papers are those of the authors only and not of the EBRD. For more information, go to: https://www.ebrd.com/publications/country-diagnostics Or : www.countrydiagnostics.com Turkmenistan Diagnostic May 2019 Contact persons: Hans Holzhacker (Lead Economist, Central Asia), Dana Skakova (Analyst, Central Asia). Executive summary This paper assesses the progress in Turkmenistan The report also presents scores for the six towards a well-functioning, sustainable market desirable qualities of a sustainable market economy, and the challenges ahead. It provides a economy – competitive, well-governed, basis for the design of the forthcoming EBRD Country green, inclusive, resilient and integrated – Strategy for Turkmenistan and for the structure and and a description of the main transition gaps, prioritisation of ongoing and future investment which are among the largest in EBRD activities and policy advice/advocacy in the country. countries of operations. Private sector activity remains severely limited in Turkmenistan despite a range of government programmes and new legislation aimed at increasing its role. The report finds that the main obstacles holding back private sector development are the challenging business climate resulting from heavy state presence in the economy, weak property rights, and in many cases state-directed - instead of market-based - access to resources required for conducting business. Other major obstacles are: Rationing and slow conversion of local currency into foreign exchange because of the fixed, overvalued exchange rate, which weighs both on current businesses and on foreign investment. Lack of reliable data, which complicates policy-making by officials and investment choices by businesses. Turkmenistan Diagnostic May 2019 │ 5 1. The Private Sector: Size and Structure Enhancing the role of the private sector has been Table 1: Active non-state businesses in 20162 declared a priority in the country’s development programmes. A target has been set of 70 per cent of Type Number per cent non-gas GDP to be produced by the private sector by Micro-enterprises 6,505 80.1 2020, excluding the hydrocarbon sector. Officials estimate that some 68 per cent has been reached Small enterprises 890 11.0 already. However, the lack of reliable data makes it Medium enterprises 634 7.8 difficult to pin down what share of GDP the private Large enterprises 88 1.1 sector actually produces. Total enterprises 8,117 100.0 Private sector activity remains limited in Individual entrepreneurs 76, 317 Turkmenistan. According to official data, revenues of Foreign enterprises 581 all types of non-state businesses accounted for some Joint ventures 62 60 per cent of GDP in 2017. However, the true share of GDP produced by the private sector is believed to be well below this figure, for the following reasons: Source: State Statistics Committee of Turkmenistan. first, state-ownership is defined as a 100 per cent state share in equity, and therefore activities of firms Table 2: Non-state sector revenues and employment with even a small privately-owned share would count 2016 as “non-state”; and second, the official calculations by the State Committee of Turkmenistan for Employment, Revenue, Revenue, Statistics show revenues, not value added.1 thousand billion per cent persons manat of GDP3 A privatization programme has been in place for Domestic non- 124 19.2 15.2 several years. In December 2013, Turkmenistan state adopted the Law on the Denationalization and enterprises Individual 76 19.6 15.5 Privatization of State Property, which took effect in entrepreneurs July 2014. Since then, some 400 non-strategic Foreign 81 38.2 30.2 enterprises have been privatised. Privatisation companies tenders are regularly published in the local media. Total 279 77.0 60.9 The energy sector, however, is not being considered for privatisation and the government has stated its Source: State Statistics Committee of Turkmenistan. intention to keep it this way for the time being. At the same time, energy sector companies were reported While private sector development is progressing to to absorb up to 70 per cent of the funds available some extent, the number of private companies as from state programmes. well as their share in employment and GDP has remained low. There were over 8,000 domestic non- state enterprises active in 2016 (see Table 1). They employed 124,000 persons and had revenues4 equivalent to 15.2 per cent of GDP (see Table 2). Most of them were active in agriculture, construction 1 If one assumes that value added is roughly 70 per cent of revenues, the non-state sector would account for some 40 per cent of GDP, or some 60 per cent of non- energy GDP, on the assumption that energy accounts for about one-quarter of GDP. This would be roughly in line with statements of officials. However, probably 2 There are 2017 enterprise data published in the 2018 Statistical Yearbook of the assumptions both of 70 per cent value added share and 25 per cent energy in Turkmenistan; however data allowing combining the number of enterprises, GDP share are too high. If state-ownership is defined as an above 25 per cent employment and revenue are only up to 2016 available. state share in equity, and if calculated at more reasonable assumptions for the 3 GDP was 126.6 billion manat in 2016, US$ 36.2 billion according to the official ratio of value added to revenues, the share of the private sector in GDP would be exchange rate. substantially lower than official figures suggest. 4 There are no value added data been published, only revenue data. 6 │ Turkmenistan Diagnostic May 2019 and manufacturing. About 80 per cent were micro- enterprises5, and 11 per cent small enterprises. There were also some 76,000 individual entrepreneurs active in 2016, which had revenues equivalent to 15.5 per cent of GDP. About 79 per cent of these were engaged in trade, 7 per cent in transportation, and 6 per cent in real estate activities. In other countries of the region the number of non-state enterprises is several times higher.6 The number of foreign companies has remained limited as well, but they provide a significant share of investment, particularly in the mining sector (including oil and gas). There were 581 foreign companies and 62 joint ventures active in 2016 with revenues of about 30 per cent of GDP. Revenues per employee were more than twice as high in foreign as in domestic companies. Two-thirds of revenues were generated in construction, and much of the rest in mining. Foreign companies and joint ventures employed together 93,700 people in 2016, of which 75 per cent were employed in construction and another 17 per cent in mining. Investments by foreign enterprises amounted to almost 5 per cent of GDP (6.2 billion manat) in 2016, albeit substantially lower than the almost 9 per cent of GDP (10.8 billion manat) in 2015.7 Of these investments, 82 per cent went to the mining sector in 2016. 5 Micro-enterprises are defined as employing up to 15 persons in industry, construction, electricity, gas, water and up to 10 persons in other industries; small enterprises 16-50 persons in industry, construction, electricity, gas, water and 11- 25 persons in other industries; medium enterprises 51-200 persons in industry, construction, electricity, gas, water and 26-100 persons in other industries; large enterprises more than 200 persons in industry, construction, electricity, gas, water more than 100 persons in other industries 6 For comparison: There were 256 thousand domestic non-state enterprises in Kazakhstan and over one million individual entrepreneurs. The number of foreign companies was about 23 thousand, the number of joint ventures 11 thousand.
Load more

Recommended publications
  • Turkmenistan Oil and Gas
    Pre-Caspian Pipe- Central Turkmenistan Oil and Gas Map line (active) Turkmenistan Oil and Gas Map Asia-Center Pre-Caspian Pipe- Kazakhstan Gas Pipeline line (planned) Legend (to Russia) National Capital Uzbekistan Velayat Capital Population Center Sarygamysh Koli Dashovuz International Boundary Block Velayat Border 1 Garabogaz River or Canal 7 2 Oil/ Gas Pipeline 8 Transcaspian 3 Kara-Bogaz-Gol Pipeline Under Construction 9 Bay Gas Pipeline 4 DASHOVUZ Proposed Pipeline 10 VELAYAT 5 Oil/Gas Field 11 6 Gyzylgaya Protected Area 12 LEBAP Port Ufra BALKAN VELAYAT Turkmenbashi Belek VELAYAT Refinery 13 14 Cheleken Balkanabat Belek-Balkanabat- c 2011 CRUDE ACCOUNTABILITY 15 Serdar Pipeline 16 Aladzha Turkmenistan-China 24 Yerbent 17 Gas Pipeline 25 Gumdag 18 Serdar Turkmenabat 26 AHAL 19 East - West Karakum Canal VELAYAT 27 20 Ogurchinsky Pipeline Amu Darya River Island 28 29 21 22 Okarem Ashgabat 30 23 Magdanli Kerki 31 Mary Esenguly Bayramaly Caspian Tejen Sea Korpeje-Kordkuy Pipeline Iran South Yolotan- Osman Field Saragt This map is a representation of Turkmenistan’s major oil and gas fields and transport infrastructure, including ports and Dovletabat MARY Afghanistan pipeline routes, as of February 2011. As the world turns its attention to Turkmenistan’s vast petroleum reserves, more Field VELAYAT precise details about the fields are sure to become known, and—over time—it will become clear which of the proposed and hotly debated pipelines comes into existence. For now, this map demonstrates where the largest reserves are Dovletabat - located, and their relationship to population centers, environmentally protected areas, key geographical features (the Sarakhs - Caspian Sea, the Kopet Dag Mountain Range, and the Karakum Desert) and neighboring countries.
    [Show full text]
  • THE LOST INDUSTRY: the TURKMEN MARINE FISHERY the Report
    THE LOST INDUSTRY: THE TURKMEN MARINE FISHERY The report DEMOCRATIC CIVIL UNION OF TURKMENISTAN With the support of The National Endowment for Democracy (NED), USA 2015 [email protected] THE LOST INDUSTRY: THE TURKMEN MARINE FISHERY Contents HISTORICAL BACKGROUND ................................................................................................................. 2 MARINE FISHERY IN THE SOVIET ERA ................................................................................................. 4 MARINE FISHERY OF TURKMENISTAN IN THE POST-SOVIET PERIOD ................................................. 7 ORGANIZATIONAL AND TECHNICAL CAUSES OF THE DEGRADATION OF THE MARINE FISHERY ..... 12 NATURAL AND ANTHROPOGENIC PROBLEMS OF THE CASPIAN SEA ............................................... 19 PROSPECTS OF MARINE FISHERY IN TURKMENISTAN ...................................................................... 20 1 THE LOST INDUSTRY: THE TURKMEN MARINE FISHERY THE LOST INDUSTRY: the Turkmen marine fishery HISTORICAL BACKGROUND Turkmens living in the South-Eastern shore of the Caspian sea – in the current cities Turkmenbashi, Khazar, Garabogaz 1and etraps Turkmenbashi and Esenguly2 – consider themselves the indigenous inhabitants of these places who settled in seaside thousands of years ago. According to the main occupation of their ancestors they call themselves hereditary fishermen and are proud of their fishing origins, especially in the coastal towns. It is confirmed by their way of life, daily graft, houses, cuisine, crafts,
    [Show full text]
  • 49370-002: National Power Grid Strengthening Project
    Initial Environmental Examination Final Report Project No.: 49370-002 October 2020 Turkmenistan: National Power Grid Strengthening Project Volume 4 Prepared by the Ministry of Energy, Government of Turkmenistan for the Asian Development Bank. The Initial Environmental Examination is a document of the borrower. The views expressed herein do not necessarily represent those of ADB's Board of Directors, Management, or staff, and may be preliminary in nature. In preparing any country program or strategy, financing any project, or by making any designation of or reference to a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area. 49370-002: TKM TKM Power Sector Development Project 81. Out of these IBAs, eight IBAs are located close to phase I Transmission line alignments. Four IBAs are located close to proposed Gurtly (Ashgabat) to Balkanabat Transmission line. And four falls close to existing Sardar (West) to Dashoguz Transmission line. No IBA falls close to Dashoguz-Balkan Transmission line. The view of these IBAs with respect to transmission alignment of phase I are shown at Figure 4.17. 82. There are 8 IBAs along phase II alignment. Two IBAs, i.e. Lotfatabad & Darregaz and IBA Mergen is located at approx 6.0 km &approx 9.10 km from alignment respectively. The view of these IBAs with respect to transmission alignment of phase II is shown at Figure 4.18. : Presence of Important Bird Areas close to Proposed/existing
    [Show full text]
  • 東中jr09004 中央アジア概況調査-En 0
    No. Regional and Country Profile: Central Asia, Turkmenistan, Kyrgyz Republic and Tajikistan June 2009 Japan Interntional Cooperation Agency OPMAC Corporation 東中 JR 09-004 Outline of the Study 1-1 Backgrounds Bordered by Asia to the east and Europe to the west, Central Asia occupies a vital position in the Eurasian Continent. Possessing abundant underground reserves of petroleum, gas, gold, uranium ore and other underground resources, and occupying a strategically vital geopolitical location, Central Asia has historically been the focus of competing interests by various powers. Central Asia is surrounded by the superpowers of Russia and China, and today is affected by regional instability in the neighboring Middle East, Afghanistan and Pakistan, etc. Especially in the aftermath of the 9/11 terrorist attacks on the United States in 2001, worldwide attention has been directed towards the stability and development of the whole South Asian region including this area and Afghanistan, and vested interests have become increasingly complicated. Moreover, against a background of growing energy demand in China, India and other parts of Asia, the stable supply of petroleum and natural gas from Central Asia helps stabilize the international energy market and enhances regional importance from the viewpoint of energy security too. Following the dissolution of the Soviet Union in 1991, the republics of Central Asia respectively gained independence, and a number of regional organizations, i.e. the Commonwealth of Independent States (CIS), Shanghai Cooperation Organization (SCO) and Eurasia Economic Community (EAEC), etc. were established under a mélange of economic, diplomatic and military interests in Central Asia and environs. Concerning relations with Japan, the concept of Silk Road Diplomacy was enunciated in 1997.
    [Show full text]
  • Türkmenıstanyň Tebıgy Baylyklary We
    TÜRKMENISTANYŇ BILIM MINISTRLIGI MAGTYMGULY ADYNDAKY TÜRKMEN DÖWLET UNIWERSITETI M.Geldinyýazow TÜRKMENISTANYŇ TEBIGY BAÝLYKLARY WE OLARY GAÝTADAN IŞLEMEK Ýokary okuw mekdepleriniň talyplary üçin okuw gollanmasy Türkmenistanyň Bilim ministrligi tarapyndan hödürlenildi Aşgabat – 2010 Sözbaşy Täze Galkynyş we Beýik özgertmeler zamanasynda ýurdumyzyň ylym- bilim ulgamyny ösdürmekde, ony dünýä derejesine ýetirmekde uly işler amala aşyrylýar. Ýurdumyzyň ýokary okuw mekdeplerinde talyplaryň döwrebap bilim almaklary üçin, esasan hem ýurdumyzyň tebigy baýlyklaryny düýpli öwrenmek we olaryň şol tebigy baýlyklardan alynýan ýokary hilli önümlere göz ýetirmekleri dogrusynda giň düşünjeleri bermekde uly tagallalar edilýär. Türkmenistan döwletimizde tebigy çig mal baýlyklarynyň uly gorlary jemlenendir. Häzirki wagtda biziň ýurdumyzda nebitiň we tebigy gazyň gaty köp mukdarlary öndürilýär. Türkmen topragy bu baýlyklar bilen çäklenmän, eýsem ýurdumyzyň dürli künjeklerinde ýod-bromly suwlaryň, kükürt çig malynyň çykarylýan ýerlerine, duzlaryň dürli görnüşlerine duş gelmek bolýar. Bu gollanmada ýurdumyzyň tebigy çig mal baýlyklarynyň görnüşleri, olaryň ýerleşýän ýerleri, olardan alynýan önümler barada giň maglumatlar berlen. Häzirki wagtda biziň ýurdumyzda tebigy çig mal baýlyklarymyzy gaýtadan işläp, olardan ýokary hilli önümleri öndürýän birnäçe zawoddyr kärhanalar hereket edýär. Bu gollanmada şol kärhanalar barada hem giň maglumatlar getirildi. Bu gollanma ýurdumyzyň tebigy baýlyklaryna, olaryň görnüşlerine, olaryň gaýtadan işlenilip birnäçe önümler
    [Show full text]
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Form 20-F MOBILE TELESYSTEMS OJSC
    MERRILL CORPORATION LPALLES//18-APR-13 11:34 DISK135:[12ZDM1.12ZDM79201]BA79201A.;7 mrll_1111.fmt Free: 42DM/0D Foot: 0D/ 0D VJ Seq: 1 Clr: 0 DISK024:[PAGER.PSTYLES]UNIVERSAL.BST;102 3 C Cs: 2075 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 20-F អ Registration Statement pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934 or ፤ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2012 or អ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 or អ Shell company report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of event requiring this shell company report Commission file number 333-12032 15JUN201106100788 MOBILE TELESYSTEMS OJSC (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant’s name into English) RUSSIAN FEDERATION (Jurisdiction of incorporation or organization) 4 Marksistskaya Street, Moscow 109147 Russian Federation (Address of Principal Executive Offices) Joshua B. Tulgan Director, Investor Relations Mobile TeleSystems OJSC 5 Vorontsovskaya Street, bldg. 2, 109147 Moscow Russian Federation Phone: +7 495 223 20 25, Fax: +7 495 911 65 67 E-mail: [email protected] (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on which Registered AMERICAN DEPOSITARY SHARES,
    [Show full text]
  • Syria: Syrian Telecommunications Establishment, Syrian Computer Society
    2 ENEMIES OF THE INTERNET / 12 MARCH 2014 //////////////////////////////////////////////////////////////////////////////////////// INTRODUCTION ........................................................................................................... 4 EUROPE AND CENTRAL ASIA .................................................................................. 8 Belarus: Operations and Analysis Centre ....................................................... 8 Russia: Federal Security Service ............................................................................ 10 Turkmenistan: TurkmenTelecom ............................................................................. 12 United Kingdom: Government Communications Headquarters ....................... 13 Uzbekistan: Expert Commission on Information and Mass Communication ................................................................................. 16 AMERICAS .................................................................................................................... 18 Cuba: Ministry of Informatics and Communications ............................................ 18 USA: National Security Agency ............................................................................... 20 MIDDLE EAST AND NORTH AFRICA ............................................................................... 23 Bahrain: Ministry of Interior, National Security Apparatus ............................................................................ 23 Iran: Supreme Council for Cyberspace, Working Group
    [Show full text]
  • Turkmenistan Under Berdimuhamedow
    Dismantling Totalitarianism? Tu r k m e n i s t a n u n d e r Berdimuhamedow Slavomír Horák Jan Šír SILK ROAD PAPER March 2009 Dismantling Totalitarianism? Turkmenistan under Berdimuhamedow Slavomír Horák Jan Šír © Central Asia-Caucasus Institute & Silk Road Studies Program – A Joint Transatlantic Research and Policy Center Johns Hopkins University-SAIS, 1619 Massachusetts Ave. NW, Washington, D.C. 20036 Institute for Security and Development Policy, V. Finnbodav. 2, Stockholm-Nacka 13130, Sweden www.silkroadstudies.org “Dismantling Totalitarianism? Turkmenistan under Berdimuhamedow” is a Silk Road Paper published by the Central Asia-Caucasus Institute and the Silk Road Studies Program. The Silk Road Papers Series is the Occasional Paper series of the Joint Center, and addresses topical and timely subjects. The Joint Center is a transatlantic independent and non-profit research and policy center. It has offices in Washington and Stockholm and is affiliated with the Paul H. Nitze School of Advanced International Studies of Johns Hopkins University and the Stockholm-based Institute for Security and Development Policy. It is the first institution of its kind in Europe and North America, and is firmly established as a leading research and policy center, serving a large and diverse community of analysts, scholars, policy-watchers, business leaders, and journalists. The Joint Center is at the forefront of research on issues of conflict, security, and development in the region. Through its applied research, publications, research cooperation, public lectures, and seminars, it functions as a focal point for academic, policy, and public discussion regarding the region. The opinions and conclusions expressed are those of the authors and do not necessarily reflect the views of the Central Asia-Caucasus Institute and Silk Road Studies Program.
    [Show full text]
  • An In-Depth Study on the Broadband Infrastructure in Afghanistan and Mongolia
    An In-Depth Study on the Broadband Infrastructure in Afghanistan and Mongolia The secretariat of the Economic and Social Commission for Asia and the Pacific (ESCAP) is the regional development arm of the United Nations and serves as the main economic and social development centre for the United Nations in Asia and the Pacific. Its mandate is to foster cooperation among its 53 members and 9 associate members. It provides the strategic link between global and country-level programmes and issues. It supports Governments of countries in the region in consolidating regional positions and advocates regional approaches to meeting the region’s unique socioeconomic challenges in a globalizing world. The ESCAP secretariat is in Bangkok. Please visit the ESCAP website at http://www.unescap.org for further information. The shaded areas of the map indicate ESCAP members and associate members. An In-Depth Study on the Broadband Infrastructure in Afghanistan and Mongolia © United Nations, 2016 This study has been prepared for ESCAP by Michael Ruddy and Esra Ozdemir, Terabit Consulting. The views expressed herein are those of the authors, and do not necessarily reflect the views of the United Nations. The information contained is based primarily on interviews, published and unpublished data, and presentations by members of the industry. The designations employed and material presented do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. References and maps obtained from external sources might not conform to the United Nations editorial guidelines.
    [Show full text]
  • Annual Report 2017 Pre-Approved by the Resolution of MTS PJSC Board of Directors May 28, 2018, Minutes No
    Annual Report 2017 Pre-approved by the resolution of MTS PJSC Board of Directors May 28, 2018, Minutes No. ____ Approved by Annual General Meeting of Shareholders of MTS PJSC June 28, 2018, Minutes No. ____ Today we live in the world where products and services that were above a beyond only yesterday are now reality. It is a world of augmented and refined reality where there is no borderline between the ordinary and the virtual and deprived of physical realization. This is the dimension in which MTS is a link between needs and innovative solutions. MTS. Improved reality 1 Welcome to 2017 MTS PJSC Annual Report This is 2017 MTS PJSC Annual Report, which we have Annual Report Structure been preparing for you since 2001. The report comprises four main sections: Purpose of the 2017 Annual Report • About the Company; • Management Report; To represent MTS as an innovative company being in a • Corporate Governance; constant development and offering its customers the most advanced solutions and services that make every- • Sustainable Development. day life more convenient, eventful and brighter. Strategically oriented report Annual Report Preparation Standards • The report is focused at strategic vision of the The report has been prepared in accordance with the Company management, comparison of results and requirements of the legislation of the Russian Federa- key aspects of MTS business during the year to the tion and regulators’ requirements applicable to MTS, strategy; and also in accordance with the Russian and interna- tional standards and practices in the field of public • The report has increased volume and quality of annual reporting.
    [Show full text]
  • Garaşsyzlyk 2007 I. № 9126 Aşgabat Ş. Raıatlaryň Türkmen
    TÜRKMENISTANYŇ PREZIDENTINIŇ K A R A R Y «17» Garaşsyzlyk 2007 ý. № 9126 Aşgabat ş. Raýatlaryň Türkmenistanyň serhet sebitine gelmeginiň we onda bolmagynyň kadalaryny hem-de Türkmenistanyň serhet gözegçiligi zolagynda serhet düzgüniniň kadalaryny tassyklamak hakynda (Türkmenistanyň Prezidentiniň namalarynyň we Türkmenistanyň Hökümetiniň çözgütleriniň ýygyndysy, 2007 ý., № 10, 763-nji madda) Türkmenistanyň Döwlet serhediniň goralyşynyň ygtybarlylygyny ýokarlandyrmak, raýatlaryň serhet sebitinde geçmegine gözegçiligi tertipleşdirmek maksady bilen, şeýle hem «Türkmenistanyň Döwlet serhedi hakyndaky» Türkmenistanyň Kanunyna we Türkmenistanyň Prezidentiniň 2007-nji ýylyň Gorkut aýynyň 13-inde çykaran 8819-njy kararyna laýyklykda, karar edýärin: 1. Raýatlaryň Türkmenistanyň serhet sebitine gelmeginiň we onda bolmagynyň kadalaryny; Türkmenistanyň serhet gözegçiligi zolagynda serhet düzgüniniň kadalaryny tassyklamaly (goşulýar). 2. «Türkmenistanyň serhet kontrollygy zolagynda Serhet düzgüniniň kadalaryny we Türkmenistanyň serhet zonasyna gelmegiň hem-de onda bolmagyň kadalaryny tassyklamak barada» Türkmenistanyň Prezidentiniň 1994-nji ýylyň Ruhnama aýynyň 26-synda çykaran 1952-nji kararyny; «Türkmenistanyň Prezidentiniň käbir kararlaryna üýtgetmeler girizmek hakynda» Türkmenistanyň Prezidentiniň 1997-nji ýylyň Gorkut aýynyň 28-inde çykaran 3264-nji kararynyň (Türkmenistanyň Prezidentiniň namalarynyň we Türkmenistanyň Hökümetiniň çözgütleriniň 1997-nji ýyldaky 7-nji ýygyndysynyň 5853-nji maddasy) 2-nji, 3-nji we 4-nji bölümlerini; «Türkmenistanyň
    [Show full text]
  • Turkmenistan RISK & COMPLIANCE REPORT DATE: May 2017
    Turkmenistan RISK & COMPLIANCE REPORT DATE: May 2017 KNOWYOURCOUNTRY.COM Executive Summary - Turkmenistan Sanctions: None FAFT list of AML No Deficient Countries US Dept of State Money Laundering assessment Higher Risk Areas: Compliance with FATF 40 + 9 Recommendations Not on EU White list equivalent jurisdictions Corruption Index (Transparency International & W.G.I.)) World Governance Indicators (Average Score) Failed States Index (Political Issues)(Average Score) Weakness in Government Legislation to combat Money Laundering Medium Risk Areas: Major Investment Areas: Agriculture - products: cotton, grain, melons; livestock Industries: natural gas, oil, petroleum products, textiles, food processing Exports - commodities: gas, crude oil, petrochemicals, textiles, cotton fiber Exports - partners: China 66%, Ukraine 7%, Italy 4.5% (2012) Imports - commodities: machinery and equipment, chemicals, foodstuffs Imports - partners: China 20.1%, Turkey 17.5%, Russia 13%, UAE 6.9%, Germany 4.8%, UK 4.4% (2012) Investment Restrictions: 1 Turkmenistan regularly announces its desire to attract more foreign investment, but tight state control of the economy, the slow pace of economic reform, and a restrictive visa regime have hindered the creation of an attractive foreign investment climate. Historically, the most promising areas for investment are in the oil and gas, agricultural, and construction sectors. The Turkmen government continues to seek foreign technology and investment in order to diversify its economy through the development of domestic chemical and petrochemical industry facilities. Incoming foreign investment is regulated by the Law on Foreign Investment (last amended in 2008), the Law on Investments (last amended in 1993) and the Law on Corporations of 1999, with respect to start-up corporations, acquisitions, mergers and takeovers.
    [Show full text]