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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.

17 October 2017

Today, a Seminar was conducted on "Youth Entrepreneurship Development Support in Tajikistan" at Hyatt Regency Hotel in the framework of the 3rd anniversary of " Entrepreneurship Day ".

Deputy Chairman of the State Committee on Investment and State Property Management of the Republic of Tajikistan, Nigina Anvari opened the event and stressed regarding a wide range of business development issues in the country, including youth, ensuring the development of this sector, economic development issues and entrepreneurs’ contribution in this process.

Also, Deputy Minister of Education and Science of the Republic of Tajikistan, UNDP Country Director in Tajikistan and representative of the Russian Federation Embassy to Tajikistan welcomed participants and delivered a speech.

Topics on «Youth Entrepreneurship Support Forms in Tajikistan: current situation and prospects», "Youth Involvement Ways to Entrepreneurship Activities", and "Technological Projects Support, such as Business Incubator of Higher Economic School of the Russian Federation", and support issues, including the state, its implementation, the involvement of stakeholders, different aspects of the issues related to youth involvement in entrepreneurship, ways of increasing support and practical experience in this sector, such as Business Incubator has been considered during this event.

Representatives of universities’ technological park, entrepreneurs, consulting companies, development partners, and state authority attended the event.

In general, business support, as well as challenges and opportunities in these field, international tendencies of youth entrepreneurship support, forms of support of this sector, have been considered and discussed.

This seminar was held under the project "Improving the Wellbeing of Population in 9 Rural Areas of Tajikistan", funded by the Government of the Russian Federation and implemented by UNDP in Tajikistan.

13 October 2017

Today, a Round Table on Women’s Entrepreneurship Support and Handcraft Development was arranged and conducted in National Library.

The representatives of Secretariat of the Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan, European Union Delegation to Tajikistan, EBRD, and NICE-TAK Sequa project welcomed participants and delivered a speech.

The presentation of Draft Law of the Republic of Tajikistan “On Handicrafts”, its content, and in general handcraft issues and its development, recommendations was submitted to the participants in the first part of the event.

The second part of the event was covered by presentation of analysis “Gender Investment Climate Reforms in Tajikistan”, as well as training regarding this issue was conducted by EBRD Gender Experts. This training will have a positive effect to business women’ awareness.

The representatives of state agencies, as well as private sector representatives, development partners were attended the event, and delivered a speech.

The Round table was conducted within the framework of third anniversary of the "Entrepreneurship Day», and also National Exhibition of Artisans’ Products will be held on October 13-15 in Ismoiliya Centre.

This event was organized jointly by State Committee on Investment and State Property Management of the Republic of Tajikistan, Secretariat of the Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan by EBRD and NICE-TAK' support.

12 October 2017

On October 12, 2017, within the framework of third anniversary of the "Entrepreneurship Day» a round table on "Development of Consulting Services in Tajikistan” was held in Sheraton Hotel. The event was organized jointly by Secretariat of the Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan and UNDP Representative Office.

The objectives of this event are: to strengthen the capacity of consulting organizations, consultants and experts to provide consulting services innovative and in demand, to identify and assess the gap between business service supply and demand, to discuss the problems and barriers in the field of export promotion and the role of consulting companies in the development of SMEs.

The event was attended by representatives of consulting organizations, international organizations engaged in the development of small and medium-sized businesses, as well as representatives of private businesses, state agencies.

The round table was opened by Manuchehra Madjonova, Senior Economic Consultant of Secretariat of the Consultative Council on the Improvement of Investment Climate under the President of the Republic of Tajikistan. The speech was covered the entrepreneurship issues, consulting services in the field, the ensuring solution for business development and investment challenges issues.

This program was presented by Parviz Akramov, National Coordinator, Aid for trade Project as well as Fiorenzo Sperotto, Team Leader of NICE-TAK EU Project delivered a speech.

Then, the participants exchanged views in working groups on policy advocacy, business development services, business development services for export promotion, and in the completion of the event sugestions and recommendations were submitted.

11 October 2017

Today, a round table on "Green Climate Fund Investment Modalities: Opportunities for Private Sector " was conducted in Sheraton Hotel.

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Representatives from public sector, development partners, and private sector were attended the round table.

The event was opened by Manuchehra Madjonova - Senior Economic Consultant of Secretariat of the Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan, Nasim Radzhabov - Head of the Climate Change and Ozon Layer Study Center of the Committee on Environmental Protection, and Felix Fallasch, GIZ Advisor of Climate Finance Readiness Programme.

Pavel Cincera, Green Climate Fund (GCF) International Expert submitted a comprehensive presentation regarding GCF objectives and mandate, country ownership (coordination mechanism, National Designated Authority), access modalities (international and national accredited entities), business opportunities, private sector engagement.

Meanwhile, Mr. Pavel Cincera provided detailed information on National Designated Authority, secretariat and coordination mechanism, no-objection procedure & TEG role.

At the completion of the event participants of the round table were active in discussions, Q&A section.

15 September 2017

PRESS-RELEASE

Round Table on Tax Administration Issues

September 15, 2017 Dushanbe

September 15, 2017, a Round Table on Tax Administration Issues has been conducted at the National Library of Tajikistan.

The Deputy Chairman of the State Committee on Investment and State Property Management of the Republic of Tajikistan, Nigina Anvari has opened the Round Table and emphasized on taxation issues, necessity of improvement of tax administration as well as other aspects of this issue.

Representatives of the private sector, development partners, public authorities and international tax experts discussed and shared their opinion on taxation and tax administration issues.

General Director for OJSC "Guliston Dushanbe", Begov Dilshod Mirzomurod delivered a report on taxation of industrial enterprises.

Tax Expert, Andrey Krasnikov had a Presentation of Tax Administration Challenges in Agriculture Sector and Best Regional Experience on Tax Administration in CIS countries.

Director of NGO - Consulting and Information Center "Mushovir", Sodirov Otamurod has presented the successful experience of tax services to the private sector, which is currently being implemented in Sughd Region.

It should be reminded that according to paragraph 2 of Minutes of the ХVI Session of Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan dated April 12, 2016, it has been instructed to consider and submit to relevant ministries and agencies on the issue of the implementation of the consultative services in the agricultural sector of the republic.

The event was organized by the Secretariat of the Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan and the State Committee on Investments and State Property Management of the Republic of Tajikistan in cooperation with the Tax Committee under the Government of the Republic of Tajikistan.

The summary of the event will be submitted to the Government of the Republic of Tajikistan with proposals and conclusions.

9 August 2017

On 8 August 2017, a Round Table on Hearing the Draft Law of the Republic of Tajikistan “On Handcrafts” was held in Khorog.

Representatives of region’s private sector, development partners, State Committee on Investment and State Property Management, Secretariat of the Consultative Council on Improvement of Investment Climate attended the event.

During the presentation, it was informed that Draft law consists of 6 chapters and 32 articles. The Law was developed based on speeches, guidance of the Founder of Peace and National Unity – Leader of the Nation, President of the Republic of Tajikistan His Excellency Emomali Rahmon on support for revival and development of folk crafts, Convention for the Safeguarding of the Intangible Cultural Heritage, Paris, 17 October 2003, General Conference of the United Nations Educational, Scientific and Cultural Organization, regulatory legal acts of the Republic of Tajikistan, as well as republics of Belarus. Turkmenistan, Uzbekistan, Tatarstan and Moscow city on issues of handicrafts, protection of national heritage products, Federal Law of the Russian Federation “On Development of Handicraft in Russian Federation”.

After presentation of draft law participants have submitted their comments and proposals to it.

It should be noted that in accordance with paragraph 9, subparagraph 2 Protocol of ХVII Session of the Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan dated January 30, 2017 it was instructed to the State Committee on Investment and State Property Management and Secretariat of the Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan to develop Draft Law “On Handicrafts”.

This event was arranged for the purpose of studying, getting proposals and comments, conclusions and amendments to the draft law, in close collaboration with State Committee on Investment and State Property Management, Secretariat of the Consultative Council on the Improvement of Investment Climate under the President of the Republic of Tajikistan and NICE-TAK SEQUA gGmbH Project as well as such meetings are also planned in cities of Khujand, Kurgan-Tube and Dushanbe.

Draft Law “On Handicrafts” is available in the website of Consultative Council under the President of the Republic of Tajikistan on Improvement of Investment Climate as well as artisans, craftsmanship organizations and associations, experts, scientists, representatives of civil society, development partners are requested to take an active part in studying, consideration and submitting comments to it.

4 August 2017
The 4th Session of the Consultative Council on Improvement of Investment Climate in Rasht Valley was conducted on August 2, in Tojikobod district of Rasht Valley.
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The Session was opened by Qahhorzoda Fayziddin Sattor - Chairman of State Committee on Investment and State Property Management of the Republic of Tajikistan, Chairman of the Investment Council on Improvement of Investment Climate in Rasht Valley. In his speech Mr. Qahhorzoda Fayziddin Sattor noted that the appearance of Rasht Valley’s districts hase been changed significantly due to initiatives of the Founder of Peace and National Unity – Leader of the Nation, President of the Republic of Tajikistan His Excellency Emomali Rahmon and patriotic efforts people in Rasht Valley and this trend is steadily continuing.
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In this context, such issues as implementation of a number of small and large investment projects in Rasht Valley which being implemented, state banks credits, commercial and microfinance cooperation with development partners, implementation of number of project and other issues were discussed in detail.
During the Session, the main attention was paid to monitoring of the results of implementation of the decisions of the Consultative Council on Improvement of Investment Climate in Rasht Valley, including measures taken in:
  1. Setting up dairy processing enterprises
  2. Flour production shops
  3. Vegetable oil packaging
  4. Flowering plants
  5. Stone and gravel, plastics, rubber boilers, confectionery shops
Report was provided by Council Secretary Zafar Hisoriev and on the role of the private sector in implementing the decisions of the Council was given by member of the Council, General Director of “Surkhob” – Saidali Saidrahmonov.
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Regarding the second issue during the presentation on the results of the analysis and recommendations on cross-border trade development with the neighboring regions of the Kyrgyz Republic and promoting the development of the Rasht Valley, the Chairman of the Council noted that this issue was raised by the private sector at the third session of the Council and by request of the Consultative Council, UNDP conducted study in this area.
It was noted that in this document a number of issues, including trade and economic cooperation between the Lahsh region of the Republic of Tajikistan and the Chon-Alai district of the Kyrgyz Republic, existing markets and trade, the border infrastructure in the region, informal trade and administrative barriers in trade between the two countries were analyzed and recommendations on improvement of regulatory legal acts, simplification and diversification of cross-border trade were submitted.
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It was noted that, in this context, the development of cross-border trade, the Action Plan for the Development of Cross-border Trade with Neighboring Areas of the Kyrgyz Republic and Assistance in the Development of the Rasht region were developed.
On the third issue of the agenda, the issue of "Opportunities for development of the industrial processing development in the Rasht Valley" was proposed for discussion of the future meeting of the Council.
During the session, Kerstin Laabs, KfW Regional Director strongly expressed her views and clear recommendations regarding removing barriers and development of entrepreneurship in Rasht Valley. Chairman of the Consultative Council, Mr. Kahinzoda Fayziddin Sattor expressed his gratitude to the development partners for their cooperation and their contribution entrepreneurship development and issues raised. Kresin Laabs assured that development partners will continue their support for the entrepreneurship development in the country. 
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By the end of the session, instructions and recommendations were given to the responsible persons and representatives of the regional bodies of relevant ministries and agencies on the issues discussed in the session.
30 January 2017

This morning, the Founder of Peace and National Unity, the Leader of the Nation, the President of the Republic of Tajikistan, Emomali Rahmon, opened the seventeenth session of the Consultative Council on the Improvement of the Investment Climate under the President of the Republic of Tajikistan.

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Members of the Consultative Council, representatives of the private sector, ministries, agencies and development partners were all in attendance.

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To begin the meeting, Qahhorzoda Fayziddin Sattor, the Executive Secretary of the Consultative Council and Chairman of the State Committee on Investments and State Property Management, reported on the implementation progress of the council’s past decisions. At the sixteenth session, the Consultative Council made decisions on the development of the agriculture sector, and identified ways to improve the investment climate, to promote agribusiness, to analyze taxation policy, to advertize domestic products through mass media and to improve Tajikistan’s international indicators.

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As per the objective of implementation of the Laws of Tajikistan ‘On Investment’ and ‘On Inspection of the Enterprises’, more decisions were taken including the international experience and has adopted a new edition. A Coordination Council was set up for facilitating the law ‘On Monitoring the Enterprises of Entrepreneurs’ which further decreases the burden of taxes and brings more support for new enterprises.

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By decree of the government, the ‘Action Plan on Support of the Industrial Sector and the Promotion of Local Enterprises and Development of Local Production for the year 2016 – 2018 from 27 of July 2016’ was approved.

The second item on the agenda was the energy sector. Mr. Usmonaly Usmonzoda, the Minister of Energy and Water Resources of the Republic of Tajikistan gave a presentation on the energy sector including an analysis and draft of the Action Plan, featuring specific recommendations of the energy sectors, generating and providing the country with high quality energy and resources.

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The third item on the agenda concerned tourism. Mr. Abdullozoda Ahtam Rustam, the Chairman of the Committee for Youth, Sports and Tourism under the Government of the Republic of Tajikistan, reported on the progress of the implementation of the Government Action Plan for improving the investment climate in the tourism sector.

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Regarding the final issue of the agenda, Mr. Qahhorzoda Fayziddin Sattor proposed that the next session of the Consultative Council should consider investment and business climate issues in the bank and finance sectors, and the modernization of public services for businesses. The selection of the topic for the agenda was unanimously approved by members of the Council.

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During the session, Muzaffar Saymuddinov, the Director of “Kafolat” LLC., Komiljon Ibrohimov, the Director of “Bark Sokhtmon Loihakash” LLC., and Mr. C.C.Yu the representative of the Asian Development Bank discussed new recommendations for the improvement of the business climate of Tajikistan.

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The Founder of Peace and National Unity, the Leader of the Nation, the President of the Republic of Tajikistan, Emomali Rahmon, expressed his opinion on the development of entrepreneurship in the country, job creation, the increase of exports and the role and contribution of private sector in the economy of the republic.

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The major point he stressed was the necessity of speeding up work in the direction of economic development, the effective use of electricity, manufacturing and its support, and achieving energy independence for Tajikistan, tourism development and supporting the hand-made activity in the country.

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The Founder of Peace and National Unity, the Leader of the Nation, and the President of the Republic of Tajikistan, Emomali Rahmon, who also serves as the Chairman of the Consultative Council, closed the session by instructing the ministries and agencies present to work closely with entrepreneurs while working on implementing the decisions made during the session.

For more information, please contact the Secretariat of the Consultative Council on Improvement of Investment Climate under the President of the Republic of Tajikistan by phone at (44) 610-60-04, email at secretariat@investmentcouncil.tj or by visiting our website: www.investmentcouncil.tj.

15 October 2016

As part of the celebration of the second anniversary of the national Day of Entrepreneurs, on October 14 Dushanbe hosted the International Entrepreneurship Forum Dushanbe-2016, entitled “Development of national production - new investment opportunities”.

The annual International Entrepreneurship Forum is organized under the auspices of the Founder of Peace and National Unity – Leader of the nation, the President of the Republic of Tajikistan Emomali Rahmon. The Forum represents the most important platform for dialogue between the government and the private sector and is the largest business and investment event in the country.


The Forum hosted the country's senior government officials and foreign official dignitaries, experts and company managers, representatives of the international financial institutions, global and regional enterprises.


The Forum’s objective was to introduce and explore new investment opportunities present in the Republic of Tajikistan, taking into account recent legal reforms. The forum’s topics explored increasing the processing of local raw materials, substitution of imports and the growth of exports. Other issues that received attention include strengthening the foreign direct investment processes.


The opening ceremony started with the speech of the Prime Minister of the Republic of Tajikistan, His Excellency Qohir Rasulzoda, who welcomed the participants and noted that Tajikistan is open for cooperation on the basis of respect and neighborly relations with all states of the region and the world. He stated the country was ready to further raise the level of cooperation for greater economic growth.


National production was the central theme of the Forum, one of the key sectors of the economy that provides the consumer market with domestic goods, export growth, strengthening of the balance of payments and currency exchange rate and contributes to the improvement of people’s standard of living.


While noting economic achievements, panel’s discussions also emphasized the need to address outstanding issues, such as simplifying administrative procedures regulating exports, establishing a comprehensive support framework for domestic enterprises, reconsidering the certain bonus payments and better attracting investors in the sale of products during the crisis. Other issues raised included providing financial support, optimizing customs and tax privileges.


High-profile foreign dignitaries and investors attended the Forum: the prince of Saudi Arabia, His Royal Highness Faisal bin Abdulaziz bin Abdulmajid bin Abdulaziz Al Saud, Deputy Regional Director of the European Bank for Reconstruction and Development in Central Asia Mr. McCain Neil and Regional Leader for Telecommunications at the World Bank Mr. Sector Mr. Rajendra Singh. Among prominent corporations, participants who spoke at the Forum included Glencore International CEO Mr. Ivan Glasenberg, President of the China-Tajikistan Mining Company Mr. Jiang Rong Huang, Senior Vice President of Qatar Airways Mr. Ali Al Rais, and Vice-President of Airbus Mr. Allen Keith.


The Forum’s main work was organized into six panel sessions


The first panel dedicated to the investment-based economic policies. At the panel, the 2030 National Development Strategy was presented, highlighting the contribution of the private sector to achieve its strategic goals. The role of the free economic zones was considered for the development of national manufacturing as well as prospects for the development of the four FEZ were discussed.


The second panel, "Import substitution - new business and investment opportunities in Tajikistan" touched on the policy issues and opportunities to expand production of competitive products and help businesses find new markets. The panel explored the existing incentives to encourage greater domestic production, investment in import-substituting manufacturing capacities.


The energy panel centered on progress towards energy independence and on ways supply businesses with reliable energy services. Panelists presented the progress achieved so far on the implementation of strategic priorities, market-based reforms in the energy sector, and energy tariff policies. New areas were presented, including the energy services market and commercialization of heat supply.


The fourth panel explored the developments in the infrastructure and transport sectors. Panelists discussed opportunities and inhibiting issues for regional trade stemming from transport and logistics infrastructure, plans and ways to improve the transit potential of Tajikistan and plans to strengthen border infrastructure. Priorities of the country to achieve broader use of land transport opportunities and ensuring access to sea ports were also discussed.


The Agriculture panel, “Comparative advantages of Tajikistan in agriculture" presented progress on agrarian reform, showcasing a wide range of opportunities in agriculture. Businesses were invite to invest in the sector were opportunity exist to reduce the costs and increase the competitiveness of processed goods.
The tourism dedicated panel presented participants the regulatory improvements in tourism, and support infrastructure developments, which promotes growth of tourism industry. To showcase the existing potential and call for a more efficient use of tourism attractions, panelist presented the case of the Romit Valley in Rasht and Saghirdasht areas in Darvoz districts.


This year, more attention and time was provided for meetings between investors and entrepreneurs, bilateral meetings between businessmen and investors in the B2B format. Ministries and state agencies were available for meetings with the private sector as part of B2G meetings.


In the framework of the Forum a number of memoranda and agreements were signed and a resolution of the Forum was adopted.


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