The United Nations forecasts a 9.5 percent growth in Turkmenistan's gross domestic product (GDP) in 2014, according to the UN report 'World Economic Situation and Prospects 2014'.
A similar forecast has been prepared by the UN for 2015 too. In 2013, according to the report, Turkmenistan's GDP stood at nine percent.
"Infrastructure development and production growth have contributed to the economic growth of Turkmenistan," according to the report.
Aside from that, the UN said the energy producers in countries of the Commonwealth of Independent States (CIS) have some room to maneuver to offset possible negative tendencies in the coming year.
The International Monetary Fund (IMF) in its forecasts indicated that economic growth of Turkmenistan will reach 10.7 percent in 2014, whereas the European Bank for Reconstruction and Development (EBRD) expects a 10 percent GDP growth.
GDP growth in Turkmenistan amounted to 10.2 percent in 2013, according to the country's official statistical data.
Turkmenistan occupies a key position in the region for deliveries of natural gas. Russia, China and Iran import its gas.
Last year the country launched a commercial production at the Galkynysh field, the reserves of which, altogether with the adjacent areas, are estimated at 26.2 trillion cubic meters of gas.—0--
Economics
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The Cabinet of Ministers of the Republic of Azerbaijan has made changes to the existing provisions regarding the approval of construction documentation and the service fees for construction. The amendments are guided by Article 119 of the Constitution of Azerbaijan and are aimed at simplifying processes related to construction permits and operations.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new procedure for the recruitment of medical personnel to medical institutions included in the state healthcare system. The decision, which comes into force on January 1, 2025, aims to enhance the implementation of compulsory health insurance in the country.
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The Organization of Turkic States (OTS) convened a pivotal meeting in Guba, recently named the agricultural capital, to introduce the "OTS Made" brand for agricultural products. Representatives from the Ministries of Agriculture of Azerbaijan, Turkey, Uzbekistan, Kazakhstan, and the Turkish Republic of Northern Cyprus, along with experts from relevant departments, participated in the event.
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The monopolists of the Azerbaijani internet services market, LLC Aztelekom and LLC Baktelekom, have agreed to raise the minimum monthly internet package price from 18 AZN for 40 Mbps to 25 AZN for 100 Mbps starting August 15. Explaining the new price, these companies want to convince the public that the price has dropped since the internet speed will increase by 2.5 times, thus reducing the cost per Mbps from 45 qapik to 25 qapik. There is no information about the technical innovations in the company that will ensure high traffic speed.
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