When is Probationary Employment Contract Concluded and Terminated in Turkmenistan?
In accordance with Article 28 of the Labor Code of Turkmenistan, when concluding an employment contract, by agreement of the parties, in order to verify...
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Cotton: Basis For Growth in Textile Industry
The cotton industry is not only important for the production of fabric or yarn, but also for its role in sustainable and inclusive economic development,...
Amount of Cashless Transactions in Turkmenistan Exceeds 10 Billion Manats
The total amount of non-cash transactions via bank cards in Turkmenistan from January to September 2022 exceeded 10.3 billion manats. According to the Central Bank's...
Impact of Transport and Supply Chain Disruptions on Companies
Disruptions in transportation and the supply chain led 20 percent extra costs for producers and end consumers. The supply crisis and the disruptions in transportation...
Importance of Production Automation
The mechanization of production boosts the profit margins of companies by increasing output and reducing production costs. This gives businesses a competitive advantage in local...
How Can Enterprises be Divided and Separated in Turkmenistan?
In accordance with Article 53 of the Law of Turkmenistan on Enterprises, the division and separation of enterprises is carried out as follows:
The division of...
Commercial Aircraft Services Market to Double in Value
Airbus, the European multinational aerospace corporation, expects the commercial aircraft services market to recover to pre pandemic levels in 2023 and to double in value...
Loans of Turkmen Banks Near 85 Billion Manats
As of September 1, 2022, the total amount of loans allocated by credit institutions of Turkmenistan to enterprises, organizations and population in national currency amounted...
What Documents are Required to Register Enterprise in Turkmenistan?
In accordance with Article 17 of the Law of Turkmenistan on Enterprises, the following documents must be submitted to obtain state registration of an enterprise:
an...
Amount of Cashless Transactions in Turkmenistan Exceeds 9 Billion Manats
The total amount of non-cash transactions via bank cards in Turkmenistan from January to August 2022 exceeded 9.02 billion manats. According to the Central Bank's...
