Monday, July 16, 2018

Russian city of Belgorod hosts Turkmen-Russian economic forum

The city of Belgorod recently hosted the fourth Turkmen-Russian economic forum as organized by the chambers of commerce from the two countries.

Representatives of Russian business circles presented on scientific and industrial developments, AzerNews reports.

The forum also included a discussion on possible joint projects in the areas of agriculture, food and processing, construction and transportation. They also conducted a search for "mutually acceptable models and effective forms of business partnership, and spheres of expanding cooperation relations to more efficiently capitalize on the economic and intellectual potential in both Turkmenistan and Russia.

During the visit, the Turkmen delegation visited local Belgorod enterprises, including the Northern Industrial Park, Shebekinsky Machine-Building Plant, Belogorie, Energomash, Borisov Plant of Bridge Metalconstruction, Energomash-Story Holding Company, Belgorodstroydetal, Izovol and others, according to AzerNews.

Russia is Turkenmistan's leading foreign trade partner. Major regions such as Tatarstan, St. Petersburg, Astrakhan and the Sverdlovsk region, have all become active in working with the foreign partner.

The country is also developing its cooperation with the fuel sector. Russia's Gazprom regularly purchases Turkmen gas, and Tatneft has operations in the western region of the country. Additionally, Russian gas company Itera is operating in the Turkmen sector of the Caspian Sea, AzerNews reports.

In total, more than 190 enterprises in Turkmenistan work with Russian capital, and over 240 investment projects are being implemented.