Oguz han engineering and technology university of turkmenistan features and development of youth entrepreneurship
TERM PAPER
| Medium enterprise
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an average number of employees employed in industry, power engineering, construction, gas and water supply - up to 200 people, in other industries up to 100 people. |
Table 3 - Small and medium-sized businesses in Turkmenistan are understood as follows:
The announced indicators show the growing potential of small and medium-sized businesses. According to the Union of Industrialists and Entrepreneurs (UIET), the growth rate of agricultural and food production for seven months amounted to 167.9 percent, industrial production – 109.2 percent. These figures for the first eight months of the year amounted to 168.6 and 114.8 percent, respectively.
These measures are carried out in line with the consistently implemented State Program to Support Small and Medium-sized Businesses for the period 2018-2024, aimed at ensuring high rates of economic growth and social progress by activating the activities of private producers in Turkmenistan.
During the Exhibition of achievements of the UIET, private commodity producers of our country signed 63 contracts with foreign partners for a total amount of 145 million 398 thousand 770 US dollars. Of these, 16 are export contracts worth 3 million 247 thousand 441 US dollars and 47 are import contracts worth 142 million 151 thousand 329 US dollars.
Along with this, it should be noted that the members of the Union of Industrialists and Entrepreneurs have signed 51 agreements on mutual internal trade totaling 36 million 174 thousand 933 manats. They mainly concern trade in food products and the means used in production.
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