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

UNIDO, eWTP discuss strengthening ties to back e-commmerce

Textiles | On 25th Apr 2018

UNIDO, eWTP discuss strengthening ties to back e-commmerce

United Nations Industrial Development Organisation director general...

Courtesy: HueTrap

Apparel/Garments | On 25th Apr 2018

Making sustainability affordable is a big challenge

In a lot of instances, being sustainable comes with an additional...

Courtesy: Formosa Petrochemical Corporation

Textiles | On 25th Apr 2018

Formosa to set up petrochemical plant in Louisiana

Formosa Petrochemical Corporation has selected St. James Parish in...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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