ANNOUNCEMENT 01 Jul 2014

In July 2014, the government of Turkmenistan announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising
Inception date: 01 Jul 2014 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

The government of Turkmenistan has specified its procedure for the denationalisation (the transformation of state companies into joint-stock firms in which the state participates as a partner) and privatisation (the sale of state property to private individuals) of state property. 
 
The law, in force from 1 July 2014, demands that potential foreign investors need prior approval from a specialised government agency before they may enter the bidding process.

 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A