Tajikistan intends to increase its gold-and-currency reserves, according to the National Bank of Tajikistan (NBT). The country’s gold-and-currency reserves rose by 37% YoY by December 31, 2016, reaching $681.98 million, which was an equivalent of about 2.7 months of imports. Last year, Tajikistan’s average monthly imports amounted to $252 million. As of January 1, 2016…
Dushanbe and Baku intend to restore direct air communication. This issue was reportedly discussed at a meeting of Tajik Minister of Economic Development and Trade Nematullo Hikmatullozoda with Azerbaijan’s Ambassador to Tajikistan Abbasali Hasanov. According to the press center of the Ministry of Economic Development and Trade, the parties also discussed preparations for the next…
The government of Tajikistan has initiated the formation of the reserve fund in the national budget for extraordinary expenses. The so-called “safety cushion” will be created from the resources of state-owned enterprises (SOE) with an allowance for potential risk from them. The strategy of managing fiscal risks from state-owned enterprises designed for the period until…
Kazakh Ambassador to Tajikistan Nurlan Seitimov has invited Tajik investors to participate in privatization of Kazakhstan’s state assets. A source at the Kazakh Embassy in Dushanbe says this issue has been discussed at a meeting of Seitimov with Fayziddin Qahhorzoda, the head of the State Committee on Investment and State-owned Property Management of Tajikistan (GosKomInvest).…
In a report released at a news conference in Dushanbe, Zafar Azimi, the deputy head of the Accounts Chamber of Tajikistan, revealed that financial harm cost the country some 224 million somoni (equivalent to some $30 million) in 2016. “530 inspections conducted by the Accounts Chamber auditors last year revealed some 224 million somoni worth…
The price for 1 kWh of Tajik electricity supplied to Afghanistan increased by 3% YoY, to 4.59 cents last year, Mirzo Ismoilzoda, the head of Barqi Tojik (Tajikistan’s national integrated power company), said. The price increases in accordance with an agreement signed between power companies of the two countries. This year Tajikistan will supply electricity…
A delegation of Tajikistan textile and clothing companies took part in a three-day leading international textiles and apparel trade fair Textillegprom. For the seventh time the International Trade Center (ITC) organized participation of Tajik companies at this largest specialized industry event in the Russian Federation. According to ITC Tajikistan, this year the following companies from…