A meeting of the Board of the Union of Industrialists and Entrepreneurs was held on the issues of state support for business

10 June 2021

An expanded meeting of the Board of the Union of Industrialists and Entrepreneurs of Turkmenistan was held in Ashgabat, at which new prospects for the development of the private sector of the economy were considered in connection with the decree of President Gurbanguly Berdimuhamedov on state financial support for entrepreneurship.

 

The meeting was also attended by heads of large domestic firms and leaders of regional branches of the Party of Industrialists and Entrepreneurs.

The document on support for small and medium-sized businesses will have a positive effect on the development of private agriculture, as it involves providing financial assistance to agricultural producers for the purchase of modern equipment, high-quality planting materials, the construction of high-tech greenhouses, etc.

 

Also, targeted assistance will be received by representatives of the tourism business involved in organizing high-class recreation of citizens in various picturesque corners of Turkmenistan. This, in turn, will have a positive impact on the development of domestic tourism.

 

President Gurbanguly Berdimuhamedov signed a decree on state financial support for the private sector of the economy on Tuesday.

The document is intended to stimulate entrepreneurial activity in various sectors of the national economy, enhance the role of business in the national economy and promote the creation of new jobs in the private sector.