Home / Knowledge / News / Socio-economic development shows steady growth
Socio-economic development shows steady growth
06
Mar '08
A meeting of Cabinet Ministers was held on March 3, under the chairmanship of Gurbanguly Berdymuhamedova, President of Turkmenistan. The outcome of socio-economic development for the period January-February 2008, were announced during the conference.

The total production for these two months has reached 26.9 trillion manats, which is 20.1 percent higher than the corresponding figures of last year.

Higher rates of economic development are achieved in areas of industry, agriculture, construction, transport & communication and trade, each marking a rise of 27, 11.3, 17, 15.2, and 23.2 percent respectively.

The average gross domestic product in January alone amounted to 8.5 trillion manats. Increased development is also seen in power generation, petroleum, oil refining, production of gasoline, diesel fuel, shoes as well as cotton fiber and yarn.

As compared to 2007, the retail trade turnover increased by 23.2 percent, while the average monthly wage in January amounted to 2.8 million manats, which is higher by 12.6 percent compared to the same period last year.

Moreover, foreign trade turnover in January touched US $1.4 billion, which is 39.3 percent more than in the corresponding period of 2007. As a consequence, the volume of exports also rose 2.2 times higher than imports.

Speaking at the meeting, Minister of Finance Hodzhamyrat Geldimyradov reported that in the past two months profits accounted for 4842.3 billion manats, marking a year-on-year rise of 26.3 percent.

However, expenditure also increased to reach 2297.6 billion manats, up by 8.7 percent than the first two months of last year.

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search