High interest rates of Tajik banks real stumbling block to pouring of foreign investments into Tajikistan’s economy: EU expert

DUSHANBE, October 31, Asia-Plus  — High loan interest rates set by Tajik banks are real stumbling block to pouring of foreign investment into Tajikistan’s economy, chief international consultant to the European Union for communications matters at the World Bank project, Mr. William Celary remarked at a meeting with the first deputy Tajik Chamber of Commerce […]

Payrav Chorshanbiyev

DUSHANBE, October 31, Asia-Plus  — High loan interest rates set by Tajik banks are real stumbling block to pouring of foreign investment into Tajikistan’s economy, chief international consultant to the European Union for communications matters at the World Bank project, Mr. William Celary remarked at a meeting with the first deputy Tajik Chamber of Commerce and Industry (CCI) head, Odil Sangov, in Dushanbe on October 29, according to the CCI press service.  

In the course of the talks Celary also stressed problems related to  energy resources and delivery of raw materials from other countries (difficulties for transit transportation of chemical and excisable products), the press service said.  

During the meeting William Celary got specific information about investors who had good experience in working in Tajikistan.  

            On the investment environment in Tajikistan, the CCI official said there are enterprises in Tajikistan, which have successfully used foreign investments to develop their activities.

            For his part, Mr. Celary noted that the European Union is currently elaborating Single Window project, which is dedicated to register new enterprises throughout the world, which use foreign investments.

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