BAKU, Azerbaijan, January 16. The European Bank
for Reconstruction and Development (EBRD) seems to be into boosting
assist for Turkmenistan in exploring its export potential by way of
numerous initiatives, Fatih Turkmenoglu, Head of EBRD Resident
Office in Turkmenistan, informed Trend.
“The EBRD Advice for Small Businesses (ASB) program organized an
on-line assembly of Turkmen producers with potential companions from
the neighboring Central Asian international locations on October 20, 2022. The
on-line assembly was a part of the Series of Export Promotion Events
for native SMEs organized by the ASB program,” he mentioned.
Turkmenoglu famous that the EBRD Advice for Small Businesses
Program in Turkmenistan has been funded by the EU since December
2014, and likewise added that the intention of the collection was to strengthen
the export potential of native SMEs by way of a collection of export
promotion actions aimed toward enhancing data about
export-related ideas and facilitating the seek for companions in
the Central Asia area and Mongolia.
“The Series was primarily based on the outcomes of the Review of Markets in
Central Asia and Mongolia for Turkmen exporters carried out in 2020
and 2021. As a part of the export promotion actions, the group
chosen corporations wishing to export to Central Asian international locations and
educated them by way of 6 interactive seminars on numerous subjects
associated to the export and growth of promoting supplies,”
the top of the consultant workplace burdened.
He added that later a guide employed by the EBRD developed
profiles of chosen Turkmen SMEs for overseas companions and assisted
them within the preparation of shows for on-line conferences.
“The on-line enterprise assembly enabled 9 native enterprises to
current their merchandise to 30 potential companions from the Central
Asian area and reply their questions. The EBRD is at the moment
processing requests acquired on account of the web assembly. The
outcomes of the Series will probably be evaluated inside the subsequent 6 months,”
mentioned the top of the consultant workplace.
Turkmenoglu mentioned that the important thing space of the EBRD’s exercise is the
growth of the personal sector of Turkmenistan, and likewise added
that the financial institution is able to contemplate the potential of increasing its
actions within the subject of infrastructure and monetary
“The world disaster impacts Turkmen exporters who solely not too long ago
began creating their experience on this space. These days they
need to rethink logistics on the common foundation, search for new
export markets and modify to the altering surroundings. In this
regard, on this respect, it is extremely essential to spend money on the
additional growth of export-oriented enterprises in Turkmenistan
by way of finance and advisory assist,” the EBRD consultant
“The EBRD will proceed to assist small and medium-sized
entrepreneurs who’re already exporting or are fascinated with
beginning export actions with a view to contribute to the nation’s
economic system. The intensification of export operations results in the
diversification of financial exercise and a rise within the influx
of laborious foreign money into the nation. Ultimately, the Turkmen economic system
turns into macro-economically extra resilient,” the top of the
consultant workplace added.