Debts of Tajikistan’s enterprises continues rising, national power utility company is the largest debtor

Asia-Plus

A total debt of Tajikistan’s large and medium-sized enterprises rose 28.8 billion somoni (equivalent to more than 3 billion USD) in a year to December 31, 2018, reaching nearly 73 billion somoni, according to the Agency for Statistics under the President of Tajikistan. 

As of January 1, 2019, ratio of loss-makers (mostly enterprises of the processing industry, construction, transportation and communications sectors) was 25.4 percent.  

The share of enterprises that closed last year in the black reportedly did not reach even 60 percent. 

Last year, a total balance sheet profit of large and medium-sized enterprises amounted to only some 1.8 billion somoni (equivalent to 190 million USD).  

Meanwhile, the most incorrigible debtor is Barqi Tojik (Tajikistan’s national integrated power company).  

As of January 1, 2019, Barqi Tojik’s total debts, taking into consideration investment loan agreements, reportedly amounted to 23.1 billion somoni (equivalent to some 2.5 billion USD).     

Barqi Tojik now owes more than 1 billon somoni to the Sangtuda-1 and Sangtuda-2 hydroelectric power plants.  

Besides, the tax debts of the Tajik national integrated power company have reached 66 million somoni.   

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