The impressive achievements in the economy that Turkmenistan has gained are the natural results of the measures taken on the initiative of Arkadagly Serdar. Sustainable economic growth has been achieved primarily through the targeted implementation of deep structural market transformations in the economy, the diversification and technical re-equipment of industries and the construction of new competitive enterprises. Today, one of the priority areas for deepening the economic reforms, carried out in Turkmenistan, is the further development of small business and private entrepreneurship.
An important stimulating role in the development of the business community in Turkmenistan is primarily played by tax incentives, financial support measures, concessional lending, the simplification of export-import operations, the provision of practical assistance at all stages of organisation, the implementation of entrepreneurial activities and the bringing of legislation in this area in line with the requirements of international norms and principles. A particularly powerful impetus to the development of small business was given by the National Programme of the Socioeconomic Development of Turkmenistan for 2022–2028, which provides for such main directions as the further promotion of a favourable policy for the development of this sector through the creation of stimulating legislative documents, the simplification of access to financial resources, the further development of types of entrepreneurship and modern services and the increase in competitiveness.
