Turkmen Trade Ministry’s Enterprises to Be Gradually Transformed Into JSCs

BUSINESS TURKMENISTAN
Turkmen Trade Ministry’s Enterprises to Be Gradually Transformed Into JSCs
At the first stage, the Turkmen Trade Ministry plans to modernize and transform 20 objects into open joint stock companies.

During the Thursday meeting of the Cabinet of Ministers of Turkmenistan, Deputy Prime Minister Chary Gylyjov reported to President Gurbanguly Berdimuhamedov on measures to gradually transform the production enterprises of the Ministry of Trade and Foreign Economic Relations into joint stock companies.

According to the TDH news agency’s report, the Deputy Prime Minister said that the Ministry currently includes 157 enterprises in its structure, the activities of which are mainly aimed at wholesale trade and storage of a reserve of goods in warehouses, the provision of retail trade and public catering services and processing of agricultural products.

In order to fulfill the instructions previously given by the Head of State at government meetings, an analysis of the list of objects subject to privatization was carried out. At the first stage, the Turkmen Trade Ministry plans to modernize and transform 20 objects into open joint stock companies with the participation of the enterprises and the Union of Industrialists and Entrepreneurs of Turkmenistan.

Following the report, President Gurbanguly Berdimuhamedov stressed that the main tasks of the country’s trade complex are increasing the output of various products and establishing high-tech processing enterprises for the manufacture of various competitive goods and food products on the basis of efficient use of local raw materials.

Noting the importance of clear fulfillment of the priority tasks in this direction, Turkmen President instructed the Deputy Prime Minister to take measures to successfully implement the plans.

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