Day: April 27, 2023

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President Emomali Rahmon Receives Deputy Prime Minister, Minister of Industry and Trade of the Russian Federation Denis Manturov

At the Palace of the Nation, the Founder of Peace and National Unity — Leader of the Nation, President of the Republic of Tajikistan Emomali Rahmon received the Deputy Prime Minister, Minister of Industry and Trade of the Russian Federation Denis Manturov.

During the meeting, various issues of strategic partnership between the two countries, including cooperation in the industrial sector, were discussed.

The President of the country, Emomali Rahmon, expressed satisfaction with the level of bilateral cooperation between Tajikistan and Russia, as well as the relations between our countries within the framework of international and regional organizations.

During the meeting, the parties discussed a wide range of issues of interaction between the two states in promising trade and economic areas, especially in industry and the implementation of large investment projects, and active cooperation through the creation of industrial parks in free economic zones.

One of the promising and fruitful areas of relations was the cooperation in the field of mining, metallurgical, oil refining, electrical, textile, food, pharmaceutical industries and in the domain of production of building materials.

The importance of creating joint ventures in the textile industry, a single production chain, the development of the cotton, leather and wool processing sector with the involvement of Russian investments and technologies was pointed out.

The parties had also a fruitful conversation on other topics of mutual interest.

Source: National Information Agency of Tajikistan

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Tajikistan and the UN Discuss Expanding Cooperation

On April 26, the Minister of Economic Development and Trade met with the Coordinator of the UN Office in Tajikistan.

The meeting focused on the issues of expanding cooperation between Tajikistan and the UN, the attraction of grant funds related to the prevention of the influence of external factors, new priority projects based on the development goals of the republic and the prospects of the medium-term cooperation framework.

In addition, the parties expressed their readiness to hold a high-level round table on the presentation of the project of the Voluntary National Review of Tajikistan.

It was emphasized that Tajikistan is among the leading countries in initiatives on adaptation to climate change.

Source: National Information Agency of Tajikistan

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Tajik Football Team Will Play the First Match at CAFA Nations Cup 2023 Against Turkmenistan

The calendar of matches of the CAFA Nations Cup 2023, which will be held from June 10 through June 20 under the auspices of the Central Asian Football Association (CAFA), has been determined, reports the Football Federation of Tajikistan.

According to the results of the draw, Tajikistan will play in Group A against Uzbekistan, Turkmenistan and Oman. Matches of this group will be held in Tashkent.

Tajikistan will play its first match on June 11 against Turkmenistan.

In the second round, on June 14, Tajik team will play against Oman. In the final round, on June 17, Tajikistan will meet with Uzbekistan.

According to the regulations of the CAFA Nations Cup, at the group stage, the matches will be held in a round robin system in one round. Then the winners of the groups will meet in the final. Teams that take second place in their groups will compete for third place.

Source: National Information Agency of Tajikistan

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Tajikistan and China Discuss a Wide Range of Bilateral Cooperation

On April 26 in Xi’an, the Minister of Foreign Affairs of Tajikistan Sirodjiddin Muhriddin met with the member of the State Council, Minister of Foreign Affairs of China Qin Gang.

The meeting focused on a wide range of issues of bilateral cooperation, in particular, the upcoming high-level events between Tajikistan and China and the Central Asia-China Summit of Heads of States.

Based on the strategic partnership between the two countries, the foreign ministers paid special attention to strengthening bilateral cooperation in the areas of economy and trade, investment, energy, industry, transport, agriculture, science and technology, digitalization of key sectors of the country, education, medicine, tourism, etc.

Muhriddin invited his Chinese counterpart to pay an official visit to Tajikistan.

Source: National Information Agency of Tajikistan

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Azerbaijani, French FMs discuss ongoing developments in the region

Azerbaijan`s Foreign Minister Jeyhun Bayramov has met with the French delegation led by Minister for Europe and Foreign Affairs Catherine Colonna. Following the one-on-one meeting, Jeyhun Bayramov and Catherine Colonna have held an expanded meeting with the participation of both sides` delegations. During the meeting, the sides discussed current cooperation agenda between Azerbaijan and France, the current state of relations, as well as ongoing developments in the region. Recalling the implementation of joint projects in economy, energy security, transport, culture, education since the establishment of diplomatic relations between Azerbaijan and France in the past years, Minister Jeyhun Bayramov noted that there had been opportunities to continue the experience of effective cooperation between the two countries. Minister Bayramov emphasized that mutual contacts and political dialogue were important for evaluating prospects and possibilities to eliminate misunderstandings and discuss the current state of relations between the two countries. Jeyhun Bayramov highlighted the current regional situation and realities in the post-conflict period, Azerbaijan's efforts towards the normalization of relations with Armenia, the signing of a peace treaty, and the opening of transport communications in the region. Bayramov said that Armenia has an unconstructive approach, commits military and political provocations, evades its obligations, and the Lachin road is being misused for the continuation of military and mine threats contrary to the provisions of the trilateral statement. Minister Jeyhun Bayramov emphasized that despite the current challenges and difficulties, Azerbaijan would continue its efforts to establish peace and security in the region. Referring to the participation of France in the negotiation process towards the settlement of the past conflict, Minister Jeyhun Bayramov pointed out that France`s position in the post-conflict period did not contribute to the peace process. Speaking about the history of the relations between Azerbaijan and France, the political dialogue between the two countries` leaders, Minister Catherine Colonna said that despite the fact that the two countries` approaches to a number of issues do not coincide, it is important to continue close contacts and political consultations towards development of relations. Although peace and trust building in the region take much time, Catherine Colonna emphasized the importance of commitment to the negotiation process and noted that France is also ready to support efforts to establish peace in the region. The ministers then made press statements on the results of the meeting and responded to the media questions.

Source: Azerbaijan State News Agency

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“Unibank” gained profit of more than 4 million manats for quarter

"Unibank" has published financial indices for the first quarter of 2023. The bank's profit for January-March amounted to 4.3 million manats (4.1 million manats over the same period of the last year). At that, "Unibank"s assets at the beginning of April this year amounted to 34.6% more than at the beginning of April last year - 1,446.2 million manats, including a net loan portfolio of 26.5% more - 879.8 million manats. The bank's liabilities amounted to 1,328.3 million manats (36.3% more), including the deposit portfolio -1,001.3 million manats (40% more), the balance sheet capital -117.9 million manats (17.4% more), the authorized capital -149.4 million manats (14.3% more).

Source: Turan News Agency

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‘Naxçivan Bank’ gained profit of 5 million manats for quarter

"Nakhchivan Bank" has published financial indices for the first quarter of 2023. In January-March, the bank gained a profit of 5.1 million manats which is up by 44.1% from the same period of the last year. As of the beginning of this year the assets of 'Naxçivan Bank' amounted to 2% less than at the beginning of Aprilof the last year - 313.9 million manats, including a net loan portfolio of 12% more - 167.7 million manats. The bank's liabilities amounted to 196.9 million manats (10.2% less), including the deposit portfolio -112.45 million manats (24.9% less), the balance sheet capital -117 million manats (15.6% more), the authorized capital -94 million manats (4.7% more).

Source: Turan News Agency

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U.S. GDP shows slower Q1 growth

U.S. growth declined significantly in the year's first quarter, amid the double whammy of interest rate hikes and the worst inflation in decades, Trend reports citing Xinhua.

Gross domestic product (GDP), which measures all goods and services produced, climbed an annualized 1.1 percent in the first three months in the United States, according to data released by the Commerce Department Thursday.

The number was considerably lower than the fourth quarter's 2.6 percent growth. It was also less than the 2 percent growth predicted by economists surveyed by Dow Jones.

"The U.S. economy is likely at an inflection point as consumer spending has softened in recent months," said Jeffrey Roach, chief economist at LPL Financial, as quoted by NBC News.

"The backward nature of the GDP report is possibly misleading for markets as we know consumers were still spending in January but since March, have pulled back as consumers are getting more pessimistic about the future," Roach said.

Thursday's release was the Commerce Department's "advance" estimate.

Source: Trend News Agency

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Attracting Investments in the Development of Tourism Infrastructure Discussed in Dushanbe

Attracting investments in the development of tourism infrastructure in Tajikistan was discussed at the meeting of the Chairman of the Committee for Tourism Development of Tajikistan with a group of entrepreneurs of the Jilin cultural exchange company f of the Chinese Fujian Province, reports the Committee for Tourism Development.

It was noted that the government of Tajikistan has created equal conditions for attracting capital to domestic and foreign investors, as well as a lot of benefits and incentives have been established.

Chinese entrepreneurs were also provided with information about the country’s priority tourist destinations, including mountaineering, eco-therapeutic, agricultural and gastronomic tourism.

It should be noted that a delegation of Chinese entrepreneurs visited Tajikistan. On April 25, a meeting of entrepreneurs of both states took place in Dushanbe. Along with this, entrepreneurs hold meetings with the leadership of relevant ministries and departments.

Source: National Information Agency of Tajikistan