About the Index of Economic Freedom 2018 The principles of economic freedom are measured in the Index of Economic Freedom, an annual guide published by The Heritage Foundation, Washington’s No. 1 think tank. For over twenty years the Index has delivered thoughtful analysis in a clear, friendly, and straight-forward format. The Index covers 12 freedoms – from property rights to financial freedom – in 186 countries. The 2018 Index measures economic freedom based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom: Rule of Law (property rights, government integrity, judicial effectiveness) Government Size (government spending, tax burden, fiscal health) Regulatory Efficiency (business freedom, labor freedom, monetary freedom) Open Markets (trade freedom, investment freedom, financial freedom) Each of the twelve economic freedoms within these categories is graded on a scale of 0 to 100. A country’s overall score is derived by averaging these twelve economic freedoms, with equal weight being given to each. Rank Country Overall Change Mostly free 7 Estonia 78.8 -0.03 16 Georgia 76.2 +0.2 19 Lithuania 75.3 -0.5 28 Latvia 73.6 -1.2 Moderately free 67 Azerbaijan 64.3 +0.7 78 Kyrgyzstan 62.8 +1.7 41 Kazakhstan 69.1 +0.1 44 Armenia 68.7 -1.6 Mostly unfree 105 Moldova 58.4 +0.4 106 Tajikistan 58.3 +0.1 108 Belarus 58.1 -0.5 150 Ukraine 51.9 +3.8 152 Uzbekistan 51.5 -0.8 Repressed 169 Turkmenistan 47.1 -0.3 Source
Archives for Turkmenistan
Set-up work on two 262-megawatt gas turbines is carried out on combined type gas turbine power plant being built in Mary city in southern Turkmenistan. The project implemented jointly with American General Electric is expected to provide for increasing power consumption of the country and boost energy export.
U.S. Congress allocate $15 mln to strengthen C5+1 format on cooperation between the Central Asian countries and the United States
United States is pleased that Central Asia is jointly solving common problems that are the same for the whole region, the partnership in the C5 + 1 format is constructive and productive. In future, such a meeting is planned in Central Asia, at the same time, the U.S. Congress allocated $15 mln to strengthen this format.
Twelve deals were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week, Nebit-Gaz. Entrepreneurs from the US purchased gasoline produced at the Turkmenbashi Complexof Oil Refineries.
The EBRD is continuing to finance small businesses in Turkmenistan. The Bank will provide a US$ 6 million loan, of which US$ 1 million will come from the International Cooperation and Development Fund, to Datly Sherbet, one of the leading pastry producers in Turkmenistan.
During the US-Turkmenistan Business Council, which took place in Ashgabat representatives of the US business circles stressed readiness to offer their solutions for implementing joint projects in strategic spheres in Turkmenistan.
Turkmenistan’s capital Ashgabat hosted a Turkmen-Austrian business forum with the participation of companies from Austria that specialize in areas of power, mechanical engineering, agriculture and other industries.
It was stressed that it is necessary to intensify the energy dialogue by using the mechanisms of multilateral consultations on political, financial-economic, technological, environmental aspects of energy security, stimulate the creation of multifaceted infrastructure of international energy supplies.
Negotiations on delivering the Turkmen gas to Europe have been held since 2011. The Southern Gas Corridor, including the Trans-Caspian project, remains as a priority for the European Union.