TURKMENISTAN’S GROWING TEXTILE INDUSTRY OFFERS INVESTMENT POTENTIAL SAYS EBRD

TURKMENISTAN’S growing textile sector may in future provide opportunities for foreign investment through the privatisation of state-owned manufacturing units, a spokesman from the European Bank for Reconstruction and Development (EBRD) in Ashgabat told just-style.But overseas investors needed to take care, he said, noting a lack of international best practice within the sector – warning investment in the central Asia republic was a “long shot in the mid-term if not further in the future”.That said, there are many Turkish companies who have already ...


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