International consulting company Alvarez & Marsal (A&M) will help two Tajik banks – Tojik Sodirot Bonk (TSB) and Agroinvestbonk – wriggle out of a tight financial situation. The company will work out the plan of recovery of these distressed banks. Issues related to the current state of TSB and Agroinvestbonk were discussed at a meeting…
Residents of border areas of Tajikistan and Kyrgyzstan believe that cross-border trade can promote providing stability and developing confidence-building measures as well as help solve economic problems facing residents of border areas. A meeting to discuss development of a cross-border trade between the Bobojonghafourov district in Tajikistan’s Sughd province and the Leilek district in Kyrgyzstan’s…
Prices for some food products have soared in Dushanbe ahead of the holy month of Ramadan. Thus, the price for one kilogram of potatoes rose at Dushanbe’s bazaars from 4.00 to 5.00 somoni. Low-quality beef is being sold at the rate of 35.00 somoni per kilogram. Meanwhile, a good beef is being sold under cover…
The amount of cash money circulating in Tajikistan has risen by 50% in four months to May 1, reaching 8.8 billion somoni, according to the National bank of Tajikistan (NBT). Meanwhile, Tajikistan’s monetary base has increased over the same four-month period to 11.6 billion somoni. Increase in the money supply has reportedly been caused by…
A groundbreaking ceremony for construction of the Aga Khan Medical Center has been held in Khorog, the capital of the Gorno Badakhshan Autonomous Province (GBAO). The ceremony was attended by Shodikhon Jamshed, Governor of GBAO, and Akbar Ali Pesnani, Resident Representative of the Aga Khan Development Network (AKDN) in Tajikistan. They laid the time capsule…
The European Bank for Reconstruction and Development (EBRD) accounts for some 15% of funds provided to support investment projects in Tajikistan. Issues related to implementation of the EBRD-supported projects in Tajikistan were discussed on May 25 at a meeting of senior representatives of the State Committee on Investment and State-owned Property Management (GosKomInvest) with representatives…
The International Bank of Tajikistan (IBT) has opened its first banking service center in Qurghon Teppa, the capital of Khatlon province. The center opening ceremony that took place on May 25 was attended by top managers of the bank, regional administrators of Khatlon, representatives of the National Bank of Tajikistan (NBT)’s office in Khatlon, managers…