More than 12,600 entrepreneurs shut down their businesses in Tajikistan in H1 2020

Asia-Plus

Over the first six months of this year, more than 12,600 entrepreneurs have shut down their businesses in Tajikistan, according to the Agency for Statistics under the President of Tajikistan.

460 legal entities (companies and enterprises) and some 12,200 individual entrepreneurs have closed down their business in the reporting period.    

Besides, 10,300 entrepreneurs working on patents and 463 entrepreneurs working on certificates have reportedly closed their businesses over the same six-month period. 

1,357 dehqon farms have also been liquidated in January-June this year.  

As of July 1, 2020, 333,00 economic entities, including 35,500 legal entities and 298,000 physical entities, have operated in Tajikistan.  

Compared to January-June last year, a total number of economic entities in Tajikistan has increased by 1.8 percent or 6,000.    

Compared to the same period last year, the number of individual entrepreneurs has reportedly increased by 6,300, including entrepreneurs working on certificates – by 1,400 and dehqon farms – by 5,200.  Meanwhile, the number of farming units entrepreneurs working on patents have decreased by 357 over the reporting period.  

Recall, the Minister of Industry and New Technologies, Zarobiddin Fayzullozoda, told reporters in Dushanbe on July 30 that 181 industrial enterprises and workshops with total of about 2,000 employees have suspended their operations over the first six months of this year.   

According to him, the reasons leading to the suspension of enterprises were different, including external factors, lack of raw materials and floating assets, license expiration, seasonal operations, technological equipment degradation, non-competitiveness of manufactured products, property disputes, and reorientation.

According to statistical data from the Ministry of Industry and New Technologies (MoINT), 2,136 industrial enterprises now operate in Tajikistan. 

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