Doing Business in Turkmenistan

EENI Business School & HA University


EENI Home ☰

Syllabus of the Subject: Doing Business in Turkmenistan. Ashgabat.

  1. Introduction to the Republic of Turkmenistan
  2. Turkmen Economy
  3. Economic Profile of Turkmenistan's Regions
  4. Doing Business in Ashgabat
  5. Foreign Trade of Turkmenistan
  6. Business Opportunities in Turkmenistan
    1. Construction
    2. Textiles
    3. Energy
    4. Food industry
  7. Case Study:
    1. Awaza National Tourism Zone
    2. Gap Pazarlama (Textile)
  8. Access to the Turkmen Market
  9. Business Plan for Turkmenistan

The aims of the subject “Foreign Trade and Doing Business in the Republic of Turkmenistan” are the following:

  1. To analyse the Turkmen economy and foreign trade
  2. To evaluate the business opportunities in Turkmenistan
  3. To explore Turkmen trade relations with the country of the student
  4. To know Turkmen Trade Agreements
  5. To examine the profile of Turkmen Companies
  6. To develop a business plan for the Turkmen Market
The Subject (e-learning) “Doing Business in Turkmenistan” is part of the following Higher Education Programs (Bachelors, Masters, Doctorates) taught by EENI Business School & HA University:
  1. Master's Degrees: International Business, Foreign Trade, Muslims Countries, Asia
  2. Doctorates (e-learning): Islamic Countries, Asia
  3. Course: Central Asia
  4. Bachelor's Degree in International Trade

Higher Education programs adapted for Turkmen Students.

Course learning materials in Higher Education in English (or Higher Education in Spanish Turkmenistán Post-secondary Education in French Turkménistan).

  1. Credits of the subject “Foreign Trade and Doing Business in Turkmenistan”: 1 ECTS Credits
  2. Duration: one week

Sample of the subject - Doing Business in Turkmenistan:
Course: Doing Business in Turkmenistan

Description of the Subject (Online Learning): Doing Business in Turkmenistan.

The Republic of Turkmenistan.

  1. Turkmenistan shares borders with Afghanistan, Kazakhstan, Iran, and Uzbekistan
  2. Turkmen Population: 5 million people
  3. 85% of the population are Turkmen
  4. Area: 491,000 square kilometres
  5. Capital: Ashgabat
  6. Official language: Turkmen (Turkic group of languages)
  7. English and Russian are widely spoken
  8. The Great Silk Road passes through Turkmenistan
  9. Territorial organisation: five velayats (Ahal, Balkan, Dashoguz, Lebap, and Mary)
  10. Turkmen independence: 1991 (URSS)
  11. Turkmenistan is a Presidential Republic

Main religion: Islam

Turkmenistan belongs to the Sunni-Turkic area of the Islamic Civilisation

Turkmenistan Gap Pazarlama

Turkmen Economy.

  1. Agriculture: 80% of Turkmenistan is farm lands
  2. Significant water resources (Karakum River)
  3. Turkmen Mineral resources: hydrocarbon, mining, salt, boron, magnesium, potassium, rubidium, and bentonite
  4. Drilling and exploration for petrol and gas
  5. Turkmen industrial sector: petrol and gas, chemical, electric power, engineering, and textile (60 textile complexes)
  6. Main sectors of the Turkmen economy: petrol and gas, power engineering, agriculture, construction, transport and communications, chemical, textile, and building materials
  7. The Turkmenbashi complex of petroleum refineries is the largest producer of high-octane gasoline and kerosene in Central Asia
  8. Gas pipelines to China and Iran
  9. Turkmen currency: Manat
  10. Turkmenistan is one of the ten most corrupt countries

Foreign Trade of Turkmenistan.

  1. Main exports of Turkmenistan are petroleum, carbon, cement, salt, iodine, and grains
  2. Exporter of electricity (Afghanistan, Iran, Turkey, and Tajikistan)
  3. Construction of the railway Kazakhstan-Turkmenistan-Iran
  4. Regional transit centre of railway transport

Turkmenistan has preferential access/FTA.

  1. Economic Cooperation Organisation (ECO)
  2. Central Asia Regional Economic Cooperation (CAREC) Programme
  3. The European Union Generalised System of Preferences (GSP)
  4. Commonwealth of Independent States (CIS) (associated)
  5. Shanghai Cooperation Organisation (SCO) (Guest Attendance)
  6. Armenia-Turkmenistan Free Trade Agreement (FTA)
  7. Turkmenistan-Georgia Free Trade Agreement (FTA)
  8. Free Trade Agreement (FTA) with the Eurasian Economic Union (EEU)

Central Asia Economic Cooperation

Community of Independent States CIS

Turkmenistan is a member of...

  1. Organisation of Islamic Cooperation (OIC)
  2. Islamic Development Bank
  3. World Customs Organisation
  4. Economic and Social Commission for Asia and the Pacific (ESCAP)
  5. Asian Development Bank (ADB)
  6. Asia Cooperation Dialogue (ACD)
  7. Boao Forum for Asia
  8. Economic Commission Europe (UNECE)
  9. Turkmenistan and the Middle East (AMED)
  10. European Investment Bank
  11. Africa-Asia Strategic Partnership (NAASP)

Generalised System of Preferences (GSP)

Economic Cooperation Organisation (ECO)

(c) EENI Business School & HA University