Turkmenistan is a country in Central Asia with a huge economic and business potential that is developing rapidly. The country has achieved remarkable economic growth over the past decades and today it represents an attractive target for many investors and businessmen.
Growth numbers:
GDP growth: Turkmenistan's GDP has grown markedly in recent decades. According to the International Monetary Fund (IMF), the country has reached a GDP of more than $40 billion in 2019, a significant achievement for the Central Asian economy.
Energy Sector: Turkmenistan has one of the world's largest natural gas reserves, making it a key player in the energy industry. Gas exports to other countries, including Europe, have become one of the most important sources of revenue for the country.
Infrastructure: Turkmenistan is actively investing in the development of its infrastructure, including transport, energy and communications. This creates conditions for business development and makes the country attractive to foreign investors.
Oil and chemical sector: In addition to natural gas, Turkmenistan is actively developing its oil and chemical industries, which creates additional business and investment opportunities.
The importance of Turkmenistan for Switzerland:
Turkmenistan is of interest to Switzerland in various areas:
Energy and trade: Switzerland, as an important financial services centre, has an interest in financing energy projects. Turkmenistan, with its rich natural gas reserves, could become an important supplier of this resource to Switzerland.
Trade and Investment: Swiss companies can find new markets and partners in Turkmenistan. The development of business and trade relations can be mutually beneficial for both countries.
The importance of Turkmenistan for Europe:
Energy security: Turkmenistan is an important supplier of natural gas to Europe and can contribute to the continent's energy security.
Transport corridors: Turkmenistan is located at the crossroads of transport corridors linking Europe and Asia. The development of infrastructure and transit routes through Turkmenistan can increase international trade and economic co-operation.
Regional stability: Turkmenistan plays an important role in ensuring stability and co-operation in Central Asia, which is important for the security and development of Europe.
As a result, Turkmenistan's growing economic and business potential represents an important element in the global economy and is important for both Switzerland and Europe. Turkmenistan's strategic location, wealth of natural resources and active investment in infrastructure make it a key partner for trade, energy and stability in the region.
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