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Tajkistan, Economy

14:29, february 28, 2020

Tajik entrepreneur builds multi-purpose business

Alijon Davlatmirov, 31, left his native village of Buni in the Shugnan district of the Gorno Badakhshan Autonomous Region (GBAO), moving to Moscow in 2005, and worked there until 2016.

10:12, february 28, 2020

Spitamen Bank lowers interest rates on loans

Closed Joint-Stock Company (CJSC) Spitamen Bank has launched an action “Light Interest Rates.” The action will be valid until April 30, 2020.

14:53, february 27, 2020

IFC provides loan to MDO Humo to help finance micro-housing and small businesses in Tajikistan

The International Finance Corporation (IFC), a member of the World Bank Group, and the microcredit deposit-taking organization (MDO) Humo on February 19 signed a loan agreement for US$2 million

17:10, february 26, 2020

World Bank to provide US$134 million for recovery of Tajikistan’s national power utility

The World Bank’s Board of Executive Directors on February 25 approved U$134 million in grant financing from the International Development Association for the Power Utility Financial Recovery

15:38, february 26, 2020

Tajik authorities recognize non-transparency of the country’s budget

Relevant bodies of Tajikistan are ordered to take measures to ensure transparency of the country’s basic financial document.

14:25, february 26, 2020

Five Tajik spinning companies participate in leading specialized exhibition in Istanbul

For the ninth time, Tajikistan showcases its cotton yarn to a wide range of international buyers at the International Istanbul Yarn Fair, one of the biggest yarn fairs in the world that will be held

09:54, february 26, 2020

Somon Air increases frequency of flights to Delhi

Somon Air launches the second frequency along the Dushanbe-Delhi-Dushanbe route, according to Somon Air press center.

17:03, february 25, 2020

Two health resorts owned by brothers of president’s son-in-law exempted from paying VAT and tax duties

Two health resorts that according to some media reports are owned by brothers of president’s son-in-law Shamsullo Sohibov have been exempted from paying the value added tax VAT and tax duties

16:56, february 24, 2020

Expensive bank loans impede development of Tajikistan’s industry, says say industry minister

The Minister of Industry and New Technologies Zarobiddin Faizullozoda says that bank loans carrying high-interest rates impede development of the country’s economy.

16:54, february 21, 2020

Tajikistan waits for compensation from downstream countries for its water

More than 60 percent of water resources of Central Asia are formed in Tajikistan but they mostly used by downstream countries of the region (Uzbekistan, Turkmenistan and Kazakhstan).

14:28, february 21, 2020

Tajik PM, Salini Impregilo CEO discuss the process of construction of the Roghun HPP

On Thursday February 20, Tajik Prime Minister Qohir Rasoulzoda received Mr. Pietro Salini, Chief Executive Officer (CEO) of Salini Impregilo S.p.A.

10:07, february 21, 2020

Over 1,120 tons of humanitarian aid delivered to Tajikistan in January this year

Twenty-two countries of the world provided 1.841.3 million U.S. dollars’ worth of 1,120.

10:04, february 21, 2020

Germany will help Tajikistan facilitate trade

The Ministry of Economic Development and Trade of Tajikistan and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH has concluded an agreement on simplification of trade

10:00, february 21, 2020

Tajikistan’s external trade turnover estimated at more than 383 million U.S. dollars last month

In January 2020, the external trade turnover of Tajikistan amounted to 383.5 million U.S. dollars, which was 117.9 percent of the January 2019 level or 58.3 million U.S.

15:43, february 20, 2020

IFC loan will help finance micro-housing and small businesses in Tajikistan

IFC, a member of the World Bank Group, is providing a loan of $2 million equivalent in Tajik Somoni to microcredit deposit-taking organization Humo in Tajikistan to help underserved populations

16:42, february 19, 2020

Tajik MFA: The issue of transit of Tajikistan-bound freight through Turkmenistan will be resolved soon

In a report released at a news conference in Dushanbe, Tajik Foreign Minister Sirojiddin Muhriddin noted on February 18 that the issue of passage of semi-trucks with cargo bound for Tajikistan

15:34, february 19, 2020

Fee for patent-based entrepreneurial activity rises 8.0 percent in Tajikistan

A fee for entrepreneurial activity on the basis of patent rises 8.

10:50, february 19, 2020

Foodstuffs reportedly rose in cost 0.9 percent last month

In Tajikistan, inflation in the consumer goods sector last month reportedly stood at 0.6 percent. The cost of products of the food industry in January increased by 0.

15:14, february 18, 2020

Bilateral trade between Tajikistan and China increasing despite coronavirus fears

China has got ahead of Kazakhstan and come close to Russia in terms of the volume of the bilateral trade with Tajikistan.

17:03, february 17, 2020

IMF: The fiscal deficit expected to remain high in Tajikistan over the medium-term due to the Roghun HPP

Analysts from the International Monetary Fund (IMF) forecast high fiscal deficit in Tajikistan in the medium term.

14:38, february 17, 2020

The year 2020 will be a critical year for Tajikistan’ economy, says WB country manager for Tajikistan

Mr. Jan-Peter Olters, World Bank Country Manager for Tajikistan, calls on Tajik authorities to take measures to resolve long-lingering obstacles to investment and private-sector development.

11:18, february 17, 2020

One of the most active private insurance companies of Tajikistan being liquidated voluntarily

Leader Insurance, which is one of the most active private insurance companies in Tajikistan, is being liquidated voluntarily, according to the National bank of Tajikistan (NBT) press center.

16:37, february 14, 2020

Second state-run bank to provide commercial banking services on the way in Tajikistan

A new state-run lending agency is expected to be established in order to reduce the burden on Amonatbonk (Tajikistan’s savings bank).

18:15, february 13, 2020

Tajik authorities seek additional financing sources for completion of construction of Roghun HPP

Tajik authorities say it is impossible to construct large facilities such as the Roghun hydroelectric power plant (HPP) at the expense of the national budget alone.

17:35, february 13, 2020

New tax code of Tajikistan expected to come into effect by September this year

A draft tax code in new edition is almost ready and it will be submitted for consideration to the government in the near future.

17:04, february 13, 2020

Individual persons start producing precious stones and metals in artisanal and small-scale way

Individual persons have begun producing precious stones and metals in artisanal and small-scale way in Tajikistan.

16:39, february 13, 2020

Tajikistan’s external debt amounts to 2.888.4 billion USD, says finance minister

In a report released at a news conference in Dushanbe, Minister of Finance Faiziddin Qahhorzoda revealed on February 14 that Tajikistan’s external debt amounted to 2.888.4 billion U.S.

10:27, february 13, 2020

Tajik tax chief officer seeks taxation of Google, Apple, Microsoft, Facebook

Tajik tax chief officer considers that large global companies must pay taxes since they make profits at the expense of citizens of Tajikistan.

09:49, february 13, 2020

Tajik tax chief officer claims that the 2019 tax collection target was not fulfilled due to wider use of Internet

Tajik tax chief officer complains that people have become call less frequently and communicate more on the Internet.

16:45, february 12, 2020

Tajikistan hopes to earn about 70 million USD from the supply of electricity to Afghanistan

In a report released at a news conference in Dushanbe, Mirzo Ismoilzoda, the head of Barqi Tojik (Tajikistan’s national integrated power company), noted on February 12 that Tajikistan will