Tajikistan’s central bank late last week announced it was pulling the licenses of two of its troubled banks and was trying to work out how to compensate account-holders. That decision, publicized on February 24, comes only weeks after the National Bank of Tajikistan (NBT) committed to spending tens of millions of dollars on refinancing the…
The International Bank of Tajikistan (IBT) has opened its banking service in Kulob. The IBT’s banking service center reportedly offers the following services to its customers: money transfer; currency exchange; loaning; deposit keeping; plastic card transactions; and so forth. The closed joint-stock company “International Bank of Tajikistan” was established in February 2016, as the microfinance…
Tajik national air carrier, Tajik Air, plans to resume domestic flights en route Dushanbe – Khorog – Dushanbe soon. The airline is expected to resume flights to Khorog, the capital of the Gorno Badakhshan Autonomous Region (GBAO), Aziz Khairulloyev, a spokesman for Tajik Air, said. According to him, Tajik Air will use helicopter Mi-8 to…
The National Bank of Tajikistan (NBT) has withdrawn licenses from two bailed-out banks – Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development) and Fononbank. By Tajik central bank’s decision their licenses for carrying out banking activities were withdrawn on February 24. The NBT notes that other directions of activities of those two organizations…
A flight between Dushanbe and Tashkent scheduled for February 23, has not taken place. Tajikistan’s privately owned airline, Somon Air, which was supposed to operate this flight, has not given any comment on this subject. Representatives of Dushanbe International Airport could not give explanation for the cancellation of the flight either. “The flight was on…
Members of Tajikistan’s lower house (Majlisi Namoyandagon) have unanimously approved the draft law on seismic safety. The seismic safety bill, in particular, notes that buildings being constructed in Tajikistan and building materials will be tested for seismic stability. The bill also provides for monitoring the seismic zones in the country. Besides, the bill stipulates that…
Following internal examination of the situation that led to the breakdown of the first regular flight between Dushanbe and Tashkent, the Somon Air sales manager Alisher Rustamov and other persons responsible for the breakdown of the flight have been fired and Somon Air has offered official apologies to Uzbek partners. An official statement released by…