Center for Hydrogen Energy Established at Turkmen University at the International University of Oil and Gas

Published in Economics
Friday, 01 April 2022 16:38

Yashgeldy Kakaev, the Center for Hydrogen Energy was created, the rector of the university Bayrammyrat Atamanov said at the Oil and Gas of Turkmenistan investment forum (OGT-2022) on Wednesday.

The new structure was created in order to train highly qualified specialists who are versed in hydrogen energy, which is relevant in the light of the approval this year of the “Roadmap for the development of international cooperation of Turkmenistan in the field of hydrogen energy for 2022-2023,” Atamanov noted.

With the support of the Ministry of Foreign Affairs of Turkmenistan, several seminars were held for the employees of the Center with the participation of international experts, which helped the audience to get acquainted with the global trends in the development of hydrogen energy, to study its scientific and technical aspects.

In March, a meeting was held between specialists from the Center for Hydrogen Energy of the Turkmen University and representatives of the Ministry of Economy, Trade and Industry of Japan, during which the experience of the Land of the Rising Sun in the development of hydrogen energy was presented.

To date, many business and familiarization meetings are also planned for the specialists of the Center for Hydrogen Energy with representatives of the International Atomic Energy Agency, the United Nations Industrial Development Organization, the UK Energy Industry Council and other international and national organizations, the details of which are related to the development of hydrogen energy.


IFC Helps Emerging Markets Introduce New Policies to Attract Investments

Published in Economics
Tuesday, 14 June 2016 10:34

Batumi, Georgia, June 14, 2016—IFC, a member of the World Bank Group, and Georgia’s Ministry of Economy and Sustainable Development today opened a two-day peer-to-peer learning conference on investment policy and promotion in Batumi, to help leverage reforms to drive economic growth in emerging markets in Europe and Central Asia and Africa.
The initiative is part of broader efforts by the World Bank Group to help generate investment to boost private sector-led growth and create jobs. Emerging economies have tremendous potential, but many are held back by a lack of investment, low levels of competitiveness and cumbersome regulations. The conference brings together leading global experts to discuss reform options with policymakers, to help attract and retain more quality foreign direct investment.
“We are committed to increasing our efforts to make Georgia even more attractive for foreign investments to boost job creation and economic growth. To do this, it’s vital to create an environment that’s conducive for foreign direct investment, with strong regulations, free from unnecessary barriers, “ said Ketevan Bochorishvili, Georgia’s Deputy Minister of Economy and Sustainable Development. “We are delighted to work with experts and colleagues from around the world to further this agenda.”
The conference provides a platform for government officials to discuss the role of foreign direct investment in development, modern trends in investment facilitation, and how to promote opportunities in promising sectors. Participants from around 20 states in Europe and Central Asia and Africa will focus on how countries can stimulate investment by removing barriers, leveraging international legal frameworks, and protecting and retaining current investors.
"Investments, both by domestic as well as foreign investors, are needed to foster growth, support innovation and entrepreneurship, and help build the skills that are essential for more resilient economies,” said Jan van Bilsen, IFC Regional Manager for the South Caucasus. “Regional and international collaboration on investment policies can open up new opportunities and this conference aims to help achieve this goal."
The initiative is part of the work of the World Bank Group’s Trade and Competitiveness Global Practice, a joint practice of the World Bank and IFC, which helps countries accelerate private sector growth by creating simple, efficient, business-friendly regulations while ensuring public interests are protected.
As part of these efforts, the Georgia Investment Climate Project helps the Georgian government improve the investment climate by increasing the efficiency of regulations in three key areas: tax, trade logistics, and investment policy. It is implemented in partnership with the Austrian Federal Ministry of Finance and BP and its Oil and Gas Co-venturers.
In fiscal year 2015, IFC invested almost $18 million in developing countries worldwide.

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