The direct work on implementation of the Dushanbe-Qurghon Teppa road rehabilitation project will start only after it is endorsed by Tajik parliament. Tajikistan’s lower house (Majlisi Namoyandagon) must ratify a finance agreement concluded between the government of Tajikistan and the Asian Development Bank (ADB). The ADB Board of Directors has approved $65.2 million in loan…
Shareholders of the Open Joint-Stock Company (OJSC) Tojik Sodirot Bonk (TSB), which is Tajikistan’s second largest commercial bank, will discuss the results of the bank’s activity and its further fate at an annual meeting of shareholders that will take place in Dushanbe on April 29. In accordance with the decision of the TSB Supervisory Board,…
Dushanbe authorities have launched two new routes and introduced changes to a number of operational routes. Thus, Dushanbe authorities have launched a new minivan route from Chortut area to the Dushanbe city Southern Gate. Minivan No. 42 runs along this route. The Dushanbe administration has also re-launched a trolleybus route from Qariyai Bolo to the…
Residents of villages in the upper Vanj valley of the Gorno Badakhshan Autonomous Region (GBAO) have begun receiving electricity. Abdullo Amonbekov, a spokesman for Pamir Energy Company, says the small hydroelectric power plant “Tekharv” with capacity of 400 kW, located in the Vanj district, has begun generating electricity after major repairs. “This has allowed us…
Two troubled commercial banks – Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development) and Fononbank – have begun paying out savings to their customers. The banks began to pay out savings starting from March 16, according to the Deposit Insurance Fund, which insures savings deposits of physical entities. The Dushanbe Economic Court launched…
Over the first two months of this year, Tajikistan’s inflation has stood at 1.7%, according to the National Bank of Tajikistan (NBT). In February, inflation reportedly stood at 1.1%, up by 0.5% MoM. In January, Tajikistan’s inflation stood at 0.6%, down by 0.8% YoY. The government reportedly expects the year-end inflation for this year to…
Tajikistan has raised electricity rates for four of eight categories of electricity consumers. By government’s decree issued on February 24, electricity rates have been raised for federally funded institutions, including public utilities and sports complexes, electric transport, pumping stations for mechanized irrigation and repair-and-production bases of the Agency for Land Reclamation and Irrigation under the…