EventsRSS

1 September 2018

Dedicated to

Celebration of the 4th anniversary of “Entrepreneurs’ Day”

International Entrepreneurship Forum Dushanbe - 2018

“Development of entrepreneurship and investment, and modern economic processes”

FORUM CONCEPT

Organizer: THE Government of the Republic of Tajikistan

Venue and date: October 15, 2018, Dushanbe, Tajikistan


Within the framework of the Fourth Anniversary of "Entrepreneur’s Day", with the support of the President of the Republic of Tajikistan International Entrepreneurship Forum Dushanbe-2018 is envisaged with the title " Development of entrepreneurship and investment, and modern economic processes". The forum will provide a wider range of opportunities for the dialogue between entrepreneurs and investors regarding the innovation entrepreneurship development, improvement of economic reforms and attraction of foreign and domestic investment.

Forum Objectives

- Analysis of the potential of innovative entrepreneurship in the promotion of export potential of the country and the import-substituting policy of the Republic of Tajikistan;

- Finding opportunities to develop modern entrepreneurship and start-ups, evaluation of available foundations;

- Explore new methods of attracting domestic and foreign investments to the national economy;

- Supporting e-commerce as a way to enter global markets;

- Promotion of ways and methods for improving state policy on investment and entrepreneurship with the purpose of industrial and innovative development of the national economy;

- Advantages of modern technologies for improvement of the quality of government services to businesses and investors and to the population as a whole;

- Find ways to modernize the tax, customs, banking and financial systems;

- Provide ways of strengthening cooperation between domestic and foreign companies;

Official opening of the Forum, plenary and sectoral meetings, discussion topics

The Forum will begin with the opening speech of the President of the Republic of Tajikistan.

Directors and representatives of international financial institutions, foreign and domestic investors, diplomatic and consular representatives in Tajikistan, strategic trading partners of the country will be attending the forum.

Opening speeches of high-level guests and investors are expected. After that the Forum will continue in seven separate panels with different discussion topics.

Panel 1: Increasing Competitiveness in Business with Modern Technology; "Start-up" as a new way of entrepreneurship development among youth

Panel 2: The prospects of tourism development in modern conditions.

Panel 3: Finance and role of banking system in entrepreneurship and investment development: current situation and perspectives

Panel 4: Ecological Entrepreneurship and Green Energy.

Panel 5: Innovative entrepreneurship development in industry: perspectives and cooperation opportunities

Panel 6: Innovation in Agricultural Sector: Challenges and Solutions

Panel 7: Investing in development of infrastructure: transportation, communication and technology

Various aspects of innovative entrepreneurship development, including modernization of public services, improvement of investment and business climate, development of innovative production, strengthening of international cooperation, improving the state support to entrepreneurs will be presented and discussed in the panels.

Form of the event

The 4th International Entrepreneurship Forum Dushanbe-2018, which is dedicated to celebration of "Entrepreneurs’ Day", will be held on October 15, 2018, under the leadership of the President of Republic of Tajikistan.

The President and members of the Government of Tajikistan, high-level delegates of the partner governments, experts, leaders and representatives of influential global and regional companies, representatives of International Financial Institutions in Tajikistan, will be discussing innovative entrepreneurship.

A wide range of entrepreneurs and investors, scientists and experts, leading international companies will be invited to attend the forum.

The procedure for participating in the Forum is determined by the Organizing Committee and entrepreneurs and investors will be paying a fixed fee to participate in the forum.

A number of agreements and memorandums are expected to be signed during the forum, and a number of B2B meetings are expected to be held.

Forum Participants:

Ø Government of the Republic of Tajikistan

Ø High-level government officials from partnering countries

Ø Development partners and private sector

Ø Well-known international and local private companies

Ø International Financial Institutions and commercial banks

Ø Business Associations

Ø Investors and Entrepreneurs

Ø Mass Media

Presenters:

4 to 6 presenters will present at the panel discussion, most of them representing private sector.

The management of the ministries and government agencies will talk about opportunities for investment in the development of information technologies for the development of the real sector of the economy, and will answer the questions of investors and participants of the Forum.

3-4 participants from the private sector, including representatives of 1-2 national companies and 1 representative from small business, 1-2 representatives of international or regional companies, will deliver a speech at the forum.

1-2 Heads of public organizations will represent Associations and Business Organizations at the forum, and be panel speakers at the forum.

Panel Moderators:

Moderators are selected by the Organizing Committee from a pool of experts from the international financial institutions and/or from a pool of highly qualified academic experts in the respective areas. Moderators are invited based on recommendations.

Form and means of discussions

Panel discussion

Priority and predefined issues for the government and investors will be discussed at the panel sessions.

The role of entrepreneurs and investors is expected to be more productive in the discussions sessions.

The entrepreneurs and investors should express and present their views on the future of the country's investment climate, positive factors influencing investment in Tajikistan, and exchange views on the development of the private sector and the state policy.

Public sector representatives will respond to the questions of investors and participants, as well as present information on the Government's policy and action plans and their implementation.

Moderator focuses on the most important issues, directs discussions in the appropriate direction and summarizes the views of the participants.

At least 15 minutes are allocated for Questions / Answer sections.

Two-way meetings of entrepreneurs and investors in the Business-to-Business (B2B) format and ministries and agencies in business-to-government (B2G) format will be provided. The main focus of the forum will be on meeting and direct talks between investors and businessmen.

In B2B format, the main focus is to reinforce business relationships between firms, as well as potential investors and suppliers.

Participants will have the opportunity to familiarize themselves with the possibilities of cooperation, conditions and expectation of investors.

Business-cocktail is expected to provide an informal environment for additional communication.

Information support

Information support of the event will be given a lot of attention during the preparation.

Web-site. The Forum web-site is expected to operate 2 months prior to the forum:

Online registration. From the past experience of the forums it is clear that direct registration of participants is preferred on the website of the Forum for both the organizers and the participants.

Practical program information. Preliminary program, panel meetings and their topics, logistics, as well as the date of the meeting shall be approved no later than 1 month prior to the Forum and shall be published on the Forum web-site.

Priority Investment Projects in addition to the main topics of the Forum, will also be available on the web-site of the Forum for information.

Investment incentives. Information on the investment incentives for the investors will be available on the Forum web-site.

For the purpose of carrying out the Forum in an effective way it is proposed that the design and descriptions of the investment projects will be determined and the selected projects will be provided within 1-2 months before the forum on the web-site of the forum.

Contact with the participants of the Forum. Responsible staff of the Ministry of Foreign Affairs, the State Committee on Investments and State Property Management, relevant ministries and agencies, International Airports of Dushanbe, Khujand, Qurgonteppa, State Unitary Enterprise "Tajik Railway", Border Guards of Tajikistan, are responsible for invitation of the participants and their participation in the Forum.

Expected Outcomes

Agreements, memorandums of understanding, or specific agreements on cooperation between local and foreign companies is expected. In this regard, recommendations are made by the investors, and the prospects of cooperation and existing barriers are presented to the Government of the Republic of Tajikistan and the private sector during the current year.

The situation of the country's investment climate, its prospects and investors' plans will be evaluated.

Official relations with multinational firms will be strengthened in various sectors of the economy.

With the aim of introducing the country's initiatives and achievements on improvement of the investment climate in Tajikistan, international trade journals will be involved.

26 April 2018

On April 26, 2018 AmCham Tajikistan held it’s Monthly Business Breakfast with Mr. Sharaf Sheralizoda, Head of the Secretariat of the Consultative Council on investment climate improvement under the President of the Republic of Tajikistan.

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Gulanor Atobek, Chairman of Amcham’ Board of Directors, in her opening speech thanked Sharaf Sheralizoda for agreeing to participate and speak for members of Amcham. She stressed that business breakfasts are held to discuss the obstacles and challenges for the development of Tajikistan with government officials in an informal atmosphere.

Sharaf Sheralizoda, Head of Secretariat of the Consultative Council on Improvement of the Investment Climate under the President of the Republic of Tajikistan, thanked Amсham for the invitation and expressed the willingness of the Secretariat of the Consultative Council to cooperate with business organizations and private sector representatives. He stressed that the Consultative Council on Improvement of Investment Climate is a platform for creating a constructive dialogue between the state and business.

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Mr. Sheralizoda pointed out that various reforms were undertaken, such as easing of the registration, trading across borders, tourism development, securities market, system of single window, elimination of physical contact of the taxpayer with tax authorities, etc. Formation of Central Asia Stock Exchange and Committee for Tourism Development were named as big achievements in the previous years. Currently, equal rights are given to international and national investors. Additionally, Mr. Sheralizoda noted that Tajikistan recently received B3 credit rating by Moody’s and S&P, which is a big move for investment climate improvement. Also, Tajikistan has been named as a top reformer several times in the World Bank Doing Business Report. Head of Secretariat talked about the challenges facing businesses in Tajikistan, such as challenges in financial system and the potential of the private sector itself.

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After his speech, the head of the Secretariat answered all the questions of Amcham members who represented local and foreign investors. All participants actively asked their questions and shared their suggestions for improving the business environment in the country. In particular,

  •  Gulanor Atobek, CEO of Deloitte in Tajikistan, proposed to actively use the resources of the private sector as experts in conducting studies and making an action plan and recommendations at the draft reform stage. She also spoke about the discrepancy between price and quality in the services of local postal and courier services

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  •  Leila Babakhanova, Crowe Horwath lawyer in Tajikistan, spoke about the problems during the registration of the business, about the contradictions with respect to documents requested by the tax authorities, such as the power of attorney for extract, and the personal presence of the company's founder
  • Heli Nykänen, UN Volunteer Program Officer asked the head of the Secretariat to tell about the government intentions on youth entrepreneurship development in the country
  • Maksad Iskakov, Head of Air Astana Representative Office in Tajikistan, talked about problems in the telecommunications sector, and the importance of increasing the competitiveness of the aviation industry in Tajikistan
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  • Almaz Sayfutdinov, an Economist at the US Embassy in Tajikistan, pointed to the problems in the telecommunications and banking sectors and said that this could serve as an indicator for foreign investors and it is necessary to take measures to improve the entrepreneurial among these sectors. He said that the US Embassy is concerned about the ban on imports of chicken from the United States. Also, Almaz asked the head of the Secretariat of the Consultative Council to support the preparation of the reports of the US Embassy on the Investment Environment in Tajikistan (Country Commercial Guide, Investment Climate Statement)
  • Philip De Leon, Chairman of the Business Council of the United States and Tajikistan, spoke about the difficulties of American investors in the event of unexpected tax checks and large environmental fines.
  • Other participants' questions related to the problems of logistics and courier services in Tajikistan, the theme of the effectiveness of the State Unitary Enterprise in the country, the status of the Digital CASA project and the participation of Tajikistan in it, the possibility of PPP projects in the aviation industry, the subscription bonus in mining activities, the contradictions in the Tax Code and actions of employees of the tax authority, and other issues related to the development of the private sector
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All participants of the Business Breakfast received detailed answers to their questions and expressed their gratitude to the head of the Secretariat. In conclusion, all parties expressed willingness for cooperation for the benefit of private sector development and improvement of the business environment.

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27 March 2018

A round table on Improvement of tax system in the Republic of Tajikistan was held this afternoon at the Serena Hotel.

The event was chaired by the Head of the Secretariat of the Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan, Sharaf Sheralizoda. The opening speech was delivered by the Deputy Chairman the State Committee on Investments and State Property Management of the Republic of Tajikistan, Nigina Anvari.

As it was noted, various aspects of tax issues were discussed within the framework of the Consultative Council meetings, including Sessions VII, VIII, IX, X and XVI. Within the framework of reforms, the Tax Code of the Republic of Tajikistan in the new edition was adopted in 2013.

As a result, the number of tax types decreased from 21 to 10, and the quantity of tax filings decreased 41%, the number of tax reports declined 86% and the total amount of tax payments dropped 43%. The Tax Code offers over 70 different incentives to the businesses. To make tax administration more transparent and simple, the solution of disputes resulted from the contradictions within the Tax Code, the first planned tax inspection and cameral visits were regulated, and several incentives were given to the entrepreneurs.

Nigina Anvari noted that a number of working groups from the developments partners and the private sector are working on tax issues and their results are presented with concrete recommendations in the current round table. It was assured that the round table will provide free, constructive and favorable dialogue for coordinating the work of these Working Groups, together with a joint review of the results of analyzes conducted by them on solving taxation issues.

Sharif Rahimzoda, the Chairman of the Committee on Economy and Finance of Majlisi Namoyandagon of Majlisi Oli of the Republic of Tajikistan also attended the event.

A number of presentations were presented to the audience during the meeting. Mr. A. Krasnikov, expert of the Program "Support for parliamentary oversight and transparency of budget in Tajikistan", presented analysis of tax policy development, Ms. S. Sultonova, the expert on Private Sector Development of the International Finance Corporation presented on the Investment Opportunities in the Republic of Tajikistan, Ms. G. Atobek, Chairman of the AmCham presented the analysis of the issue of taxation, G. Kurlandskaya, the Head of the Interdisciplinary Component of the European Union Project "Support for reforms in the field of public finance management in Tajikistan" presented on "Tax Revenues of Local budgets".

Then the participants of the event exchanged their views and suggestions on the presented issues.

Closing the meeting, Sharaf Sheralizoda thanked the participants for active participation in the event, noting that the proposals and recommendations will be reviewed and analyzed within the Inter-Agency Working Group in the subsequent meetings to prepare a comprehensive analysis and draft Action Plan of the Government of the Republic of Tajikistan.

16 March 2018

March 14, 2018

Secretariat of the Council visited the Tbilisi City Public Service Hall to learn about the services provided at the Public Service Hall (PSH), work process, and effectiveness of such institution in simplifying public services in a country.

March 16, 2018

Meeting with the Deputy Chairman of the Public Service Center of Tbilisi was organized at the office of Investment Council of Georgia.

Secretariat inquired about the issues of the establishment and functioning of the Public Services Hall in Georgia. Deputy Chairman made an informative presentation on the process of establishment of the PSH in Georgia, on the nature of its activities, and on the results achieved by the PSH.

As a follow-up of this visit, the Secretariat of IC Tajikistan is drafting a concept note on creation of a similar institution in Tajikistan. The concept note will then be shared with the Government and development partners for further discussions and improvement.

15 March 2018

Date: 15-16 March, 2018

Venue: Business Association of Georgia office in Tbilisi

The conference was attended by heads and staff of the Secretariats of Investment Councils (ICs) of Tajikistan, Kyrgyzstan, Armenia, Georgia, Albania, Egypt, Ukraine, Moldova, and the representatives of the European Bank for Reconstruction and Development.

Heads of Secretariats delivered brief presentations on their achievements in 2017, and priorities for 2018. Then, Secretariats of Tajikistan, Kyrgyzstan and Moldova made presentations on cases where ICs were successful in implementing the reforms, and cases where the work of ICs had gone off track. This sharing of knowledge and experience led to fruitful discussion among the attendees on what lessons can be learned from other ICs and how can the Secretariat strengthen their support to the Investment council.

IC Secretariats of Albania, Armenia, and Georgia made presentations on their progress in cooperation with the development partners and the private sector representatives. It was great to learn from their experience how the work of IC and Secretariat can be improvement in respect to cooperation with the development partners, embassies, and business associations.

Overall, the conference presented a unique opportunity to engage in knowledge and experience sharing with the Investment Councils of other countries, and apply the successful reforms and initiatives of other ICs in Tajikistan. In particular, IC Secretariat of Tajikistan aims adopt the success of High Technology Park (HTP) establishment in Kyrgyz Republic, and analyze HTP establishment in Tajikistan. Given the similarities in our economies, we believe HTP will also be contribution to the economic growth in Tajikistan, especially SME Development. We are also thinking of expanding the scope of our work by engaging as experts in development projects of development partners. This will take the cooperation of IC with development partners to the next level, and provide expert contribution to the development projects, as the case of Armenia has demonstrated.

Also, as we learned from the experience of Albania IC and Georgia IC, we will strengthen our work with business associations, use their expertise and resources in conducting surveys and analysis to determine the priority areas for upcoming IC Sessions.

Conclusion

Overall, the business trip to Tbilisi presented the IC Secretariat of Tajikistan a unique opportunity to learn from the experiences of the ICs of other countries, and analyze which practices could be implemented in Tajikistan to further improve the investment climate and promote Public-Private Dialogue. Since, public service improvement is on the agenda for IC of Tajikistan, sight visits to the Public Services enabled to see the work of an effective institution delivering public services, and understand the process of establishment and challenges in the way to creation of such an institution. IC Secretariat of Tajikistan aims to make full benefit of this business trip to improve its work in supporting the investment climate improvement in Tajikistan by applying the best practices of other ICs and learning from their experience.  

14 March 2018

Date: March 13-14, 2018 

Venue: Holiday Inn, Tbilisi, Georgia

Representatives of the Secretariat of the Consultative Council attended the Regional Experts’ Seminar on Building Business Integrity Across the Region, organized by the EBRD and OECD with support from UNDP. The seminar focused on improvement of SME business integrity and compliance, and overall business integrity promotion in the region.

It was decided that similar seminar for Central Asian countries will be held in one of the countries this year. SME Business Integrity improvement can support the economic growth in the Central Asian countries. 

14 February 2018
On February 14, 2018 a meeting with development partners was conducted in the Secretariat' Office.

1. Introduction of the Consultative Council, achievements, and next steps

The Head of the Secretariat of Consultative Council on Improvement of Investment Climate under the President of Republic of Tajikistan, Sharaf Sheralizoda opened the meeting with giving a short presentation on the activities of Consultative Council. In his presentation, the Head of Secretariat described the mission and objectives on the Council, how it works, and shared the main achievements of the Consultative Council in 2017. Sheralizoda Sharaf, then, talked about the next steps that the Secretariat and the Council are aiming to take to further improve the investment climate in relevant sectors in the Republic of Tajikistan.

After the presentation, all the representatives of the development partner organizations congratulated Sharaf Sheralizoda on his recent appointment as the Head of Secretariat, wishing him great success, and stated readiness and commitment for close cooperation for improvement of investment climate and private sector development in Tajikistan.

2. Discussion on private sector issues

Zarina Odinaeva, IFC representative, talked about joint cooperation in the financial sector, and proposed about organizing a meeting with focus on the development of financial sector in Tajikistan.

Peter Cardy, Head of DFID Central Asia, mentioned about it being his first such meeting in Tajikistan, and expressed readiness of DFID for cooperation. Head of DFID Central Asia suggested exploring ways to increase the effectiveness of public-private dialogue in Tajikistan, and further strengthen active dialogue of the government with the private sector. Muhammadi Boboev of the Asian Development Bank stated the interest of ADB for cooperation with the Consultative Council and expressed the intention of ADB to work with the Secretariat on the issue of business inspecting agencies and modernization of public services to the business. Head of Japan International Cooperation Agency Office in Tajikistan, thanked the Consultative Council for the opportunity to deliver a presentation in the 18th Session of the Council, and asked the Secretariat to share the monitoring and follow-up of on that issue. Also, Tanabe Hideki suggested inviting the Head of Secretariat, Sharaf Sheralizoda, to the meetings of Donor Coordination Council (DCC). Manizsha Mahmadnabieva, joined Tanabe in this suggestion and invited the Head of Secretariat to come and present in the next meeting of DCC this month.

The Head of EBRD Resident Office in Tajikistan, Ayten Rustamova suggested to invite some investors from China to the Consultative Council session, as more than 50% of FDI to Tajikistan comes from the Chinese Investors. Ayten Rustamove, also added that the issue of international logistic companies is one of the most urgent issues, and this should be addressed and solved as soon as possible. Malika Ibrohimova of SECO talked about the high expectations of the donor community with the appointment of new Head of Secretariat, and suggested to have some low-nature meetings, chaired by the First Deputy Prime Minister, and increase the frequency of the Consultative Council Sessions.

Later the attendees discussed about the tax administration issues, and suggested that private sector and the government should work as one team. Development partners mentioned that there are currently many working groups on tax issue working separately; it would be a good idea to unite the working groups to have a single and effective working group on tax issue. Tanabe Hideki, suggested to consider the dynamic evolution of business climate in Uzbekistan, and stated that while it has some benefits for the businesses in Tajikistan, it also could have negative effects for the economy and private sector in Tajikistan, in a form of greater competition for investment attraction.

Sharaf Sheralizoda noted that proposed suggestions will be taken into account by Secretariat in its further activity and assured development partners in strong commitment of the Government on more improvement of investment and business climate in Tajikistan.

3. Review of draft of Agenda of the next Session of the Consultative Council

The third part of the meeting was about the agenda of the next Session of Consultative Council. The Head of Secretariat introduced the draft Agenda and the development partners expressed their views and presented their suggestions. Kristin Laabs, KfW Country Director, stated that we should be prepared for the session by conducting several round-tables. Nargis Esufbekova, suggested to take into consideration the analysis of all the working groups on tax issues, including the analysis of Ulchabaeva on legalization of individual entrepreneurship and providing them social protection. Head of JICA Resident Office in Tajikistan suggested to include tourism issue to the Agenda of the next session of the Consultative Council, replacing the health sector in the Agenda. The development partners suggested using the public-private dialogue more effectively while choosing issues for the agenda.

In his closing remarks, the Head of Secretariat, Sharaf Sheralizoda, thanked all the development partners for the participation in the meeting. Sheralizoda, expressed the commitment of the Secretariat of Consultative Council for close cooperation with the development partners for Investment Climate Improvement and private sector development. He also, stated that with joint effort the Council can improve its position as the platform for effective public-private dialogue.

26 January 2018

DUSHANBE, January 26, 2018 – The 18-th Session of the Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan was held under the chairmanship of the President of the country, Chairman of the Consultative Council on Improvement of Investment Climate, His Excellency Emomali Rahmon.

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Leader of the Nation, Esteemed Emomali Rahmon opened the session and introduced Executive Secretary of the Council, Chairman of the State Investment Committee and State Property Management of the Republic of Tajikistan – Farrukh Hamralizoda, Head of EBRD Representation Office in Tajikistan – Ayten Rustamova, Head of Secretariat of the Consultative Council on Improvement of the Investment Climate under the President of the Republic of Tajikistan – Sharaf Sheralizoda and new members of the Council.

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In the session a report of Farrukh Hamralizoda - the Council’s Executive Secretary and Chairman of the State Committee on Investment and State Property Management of the Republic of Tajikistan was heard on the results of monitoring of implementation of decisions of 17-th Consultative Council’s sessions.

Particularly it has been informed on adoption of New Tariff Methodology dated May 26, 2017 and its introduction since October of the last year, improvement of Tajikistan’s position in the Doing Business Report of the World Bank Group for 2018, reducing the number of inspections of activity of business entities down to 52% in 2017 comparing to the 2016 and establishment of the sovereign credit rating of the country by international rating agencies Moody's Investors Service as well as Standard and Poors on the level “В3, stable” on August 2017.

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Concerning to the second item of the Session Minister of transport of the Republic of Tajikistan – Khudoyor Khudoyorzoda had a speech and presented analytical report and Draft Action Plan of the Government of the Republic of Tajikistan on Improvement of Investment Climate in Transport and Logistics sectors.

Another issue considered at the Session was the report on activity of the regional Consultative Council on Improvement of Investment Climate under the Chairman of Sogd Province, in regard with which the Chairman of Sogd Province – Ahmadzoda Rajabboy delivered his speech.

Concerning the forth item of the agenda Chairman of the National Bank of Tajikistan –Jamshed Nurmahmadzoda presented results of the analyses and Draft Action Plan of the Government of the Republic of Tajikistan on Improvement of Investment Climate in Finance and Banking Sectors.

On the last item of the Session agenda the Council’s Executive Secretary - Farrukh Hamralizoda spoke and proposed an issue on improvement of investment climate in education and science as well as submitting results of analyses the tax system issues and efficiency of envisaged incentives, which was supported by all members of the Council.

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Also in regard with considering and discussing the issues of the session’s agenda Chairman of DCC – Kristin Laabs, Head of EBRD Representation Office in Tajikistan – Ayten Rustamova, ADB Country Director – Pradeep Srivastava, Chief Representative of JICA in Tajikistan – Hideki Tanabe, “Korporatsiyai Mohii Tojik” LLC Director – Suhrob Davlatov, “Zindagy” Cooperative – Zevarshoi Rustam, “Tajikvneshtrans” LLC Director – Abdumumin Abdusamadov, “Kazcommersbank Tajikistan” OJSC Chairman – Ramesh Khudoiev and Director for OJSC “Birjai Osiyoi Markazi” Alisher Shernazarov.

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At the completion of the Session, the President of the Republic of Tajikistan delivered final speech and gave relevant instructions to the responsible ministries and agencies on issues considered in the Session.

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20 December 2017

Today a Round Table, entitled "Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan – Initiative of the Leader of Nation for Sustainable Development" dedicated to 10th anniversary of the Consultative Council on the Improvement of Investment Climate under the President of the Republic of Tajikistan has been conducted in Dushanbe Plaza.

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In this meeting the First Deputy Prime Minister of the Republic of Tajikistan Davlatali Said, Chairman of the Economic and Finance Committee of the Majlisi Namoyandagon Majlisi Oli of Republic of Tajikistan, Sharif Rahimzoda, leadership of Ministries on Economic Development and Trade, Industry and New Technologies, Agriculture, Energy and Water Resources, Committee on Tourism Development, members of the Consultative Council from the private sector and representatives of foreign investors, Donor Coordination Council, business associations and other domestic and foreign private sector representatives have participated and emphasized the role and contribution of the Consultative Council on Improvement of the Investment Climate under the leadership of the Head of State, perspectives of public-private dialogue, issues on implementation of the President's policy on entrepreneurship and investment activity and evaluation of other reforms conducted within the framework of the Council.

Also Walburga Roos, Director of Swiss Cooperation Office and Consular in Tajikistan as well as Manizha Mamadnabieva, IFC Country Director for Tajikistan, Deputy Chairman of Deputy Chairman of the Donors Coordination Council delivered their opening speeches.

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Fom among the private sector Faizali Rajabov – Chairman of Council on Private Sector Development Union, Alain Barthez, General Manager for SJSC Shiever Tajikistan, Alisher Shernazarov – Director of Central Asian Stock Exchange, Maruf Buzurgkhojaev - Director of LLC "Isfara Food", Talbi Shoev - Director of NGO "INTERMYOD" and Komiljon Ibrohimov - Chairman of "Barqsokhtmonloihakash" LLC presented their reports and proposals for further improvement of the Consultative Council activities and private sector development.

Participants noted that today, under the leadership of Head of State a number of important issues on improvement of investment climate and entrepreneurship development have been followed and considered at the meetings of the Consultative Council through the adoption of relevant decisions.

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It was also stressed that the further implementation of many other reforms, which was planned within the framework of the Council, are aimed at further improvement of the investment climate, entrepreneurship development, strengthening the private sector's share in the GDP and raising living standards of people and presentation of the country on the international arena, as a country with favorable investment climate.

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We would like to remind that the Consultative Council on the Improvement of Investment Climate under the President of the Republic of Tajikistan was established on December 19, 2007. As a result of effective cooperation between the State Committee on Investments and State Property Management together with the Secretariat of the Consultative Council and World Bank's Doing Business Team, country position in the Doing Business Report for 2018 has been improved for 5 positions and reached 123 comparing to 128 in 2017. Also in 2015, Consultative Council on the Improvement of Investment Climate under the President of the Republic of Tajikistan has been recognized as the best public-private dialogue platform in the world arena and has been awarded with “Howard” prize of the World Bank.

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Issues raised in the event have been discussed by participants and summary recommendations of the Round Table have been adopted.

7 November 2017

Tajikistan has strengthened its position in the Doing Business Report 2018 of the World Bank Group by climbing 5 positions and reaching 123 spot in the ranking. The distance to frontier, which indicates the measure of world best practice, is now 56, 86%.

It is worth noting that the improvement of in the ranking was largely based on the improvement of the number of indicators, including "Starting a Business" improvement by 28 positions, "Dealing with Construction Permits" up by 26 positions, "Getting Electricity" up two positions, "Registering Property" up 7 positions, "Paying Taxes" up 8 positions, "Trading cross Borders" up 3 positions, and "Enforcing Contracts" has been provided. This progress is a result of the work of the Government of the Republic of Tajikistan for the effective implementation of reforms to simplify the state regulation of business and investment in the country.

At the same time, it should be noted that the in “Getting Credit" and "Protecting Minority Investors" indicators the position of the country decreased by 4 and 6 positions respectively, mainly due to the current financial crisis in the country.

It should be emphasized that, as a result of regular and timely follow-up and implementation of reforms on entrepreneurship development and improvement of investment climate in the Republic of Tajikistan, the Republic of Tajikistan has been continuously improving its position. In particular, the country has been among top 10 leading reformers in the World Bank report three times in 2010, 2011 and 2015. Tajikistan ranking improved by 34 positions in 2016 (from 166 to 132) and reached 128th position in 2017.


Writing a proposal to the Consultative Council
Republic of Tajikistan, Dushanbe, 100, Rudaki Ave., 11 floor
phone: (+992 44) 610-60-04, phone/fax: (+992 44) 610-60-06
e-mail: secretariat@investmentcouncil.tj