Chronicles of Turkmenistan independent translated · ru

Turkmenistan: Construction companies face loan defaults as families await housing

Hundreds of families in Turkmenistan are unable to move into newly built apartments near Ashgabat due to state officials delaying acceptance documents. Construction companies, unable to receive payment, are struggling to repay bank loans, leading to penalties and financial difficulties. This situation is becoming more frequent in the construction market, with some firms reportedly closing and leaving the country.

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