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The government will provide financial support to local entrepreneurs

President of Turkmenistan Gurbanguly Berdimuhamedov signed a Decree on financial support for projects of small and medium business to create national software products and manufacture equipment. This project was developed as part of the "Concept of development of the digital economy in Turkmenistan for 2019-2025 years."

According to the Resolution, the Central Bank, together with the Ministry of Justice, the Ministry of Finance and Economy, the Agency for Transport and Communications under the Cabinet of Ministers and the Main State Service "Türkmenstandartlary", within two months will have to prepare and approve the Procedure for issuing loans to small and medium-sized businesses for activities to create a national program products and equipment for a period of 5 years at two percent per annum with a grace period of 2 years as well as for the purchase and commissioning of finished national software products and equipment for a period of 3 years at two percent per annum with a grace period of 6 months.