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Turkmen Foreign Economic Affairs Bank's Net Profit Rises 4.9%
The net profit of the State Bank for Foreign Economic Affairs of Turkmenistan increased by 4.9% in 2020. The bank’s equity capital increased by about...
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New Turkmen Enterprise to Produce 1,200 Tons of Mushrooms Annually
New enterprise designed to produce 1,200 tons of mushrooms annually will soon open in Ovadandepe industrial zone in Gokdepe etrap of Turkmenistan’s Ahal velayat, Rysgal...
Texas Freeze Leads to Global Plastics Shortage
The February freeze that triggered mass blackouts in Texas state of the U.S. led to chemical plant shutdowns that are disrupting global supply chains, causing...
What are the rights of shareholders in Turkmenistan?
In accordance with the Law of Turkmenistan on joint stock companies, a joint stock company (hereinafter referred to as a company) is an enterprise in...
State Support of Small and Medium-Sized Businesses in Turkmenistan
In accordance with the Law of Turkmenistan on State support of small and medium-sized businesses, the provision of customs privileges to small and medium-sized businesses...
Turkmenistan Sees Rise in Non-Cash Transactions
The total number of bank cards in Turkmenistan in January 2021 amounted to 4,459,800, and the number of payment terminals reached 39.2 thousand. This figures...
Ownership Rights of Legal Entities in Turkmenistan
In accordance with the Law of Turkmenistan On Property, property is a system of economic and legal relations that characterize socio-economic and organizational forms of...
What are Legal Guarantees of Entrepreneur in Turkmenistan?
The Law of Turkmenistan on Entrepreneurship is aimed at creating conditions for a wide manifestation of initiative and entrepreneurship of citizens on the basis of...
How Long are Business Licenses Valid in Turkmenistan?
In accordance with the Law of Turkmenistan on Licensing Certain Types of Activities, there is a need to obtain a license from the relevant state...
How are Appellations of Origin Regulated in Turkmenistan?
Appellations of origin are widely used to individualize the products of manufacturers. The Law of Turkmenistan on Appellations of Origin of Products regulates relations arising...
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