BAKU, Azerbaijan, June 25
By Klavdiya Romakayeva - Trend:
The governments of Tajikistan and Uzbekistan agreed to create a joint investment company, Trend reports referring to Tajik Asia-Plus news agency.
According to the information, the parties plan to sign the draft agreement in the near future. The draft agreement states that the company is being created to intensify investment cooperation, to develop direct ties between the business circles of the two countries.
It is reported that the founders of the joint company will be the Fund for Reconstruction and Development of Uzbekistan with a 75 percent stake and Tajinvest State Unitary Enterprise with a 25 percent stake in the authorized capital.
It is noted that the authorized capital of the Tajik-Uzbek Investment Company will amount to $12 million. At the same time, the amount is divided between the founders into shares of the contributions made.
In addition, according to the information, the company with a legal address in Dushanbe will be created to finance joint projects in Tajikistan. The main activities of the company include the following:
- investing through the acquisition of shares in the authorized capital of existing and newly created economic entities, the allocation of loans, the issue of securities on the territory of Tajikistan;
- realization of shares of an investment company in the authorized capital of economic entities to Tajik and foreign investors;
- investment cooperation with international investment and financial institutions (companies), including in Tajikistan.
- search and attraction of foreign and domestic investors to expand the list of participants in the joint venture;
- allocation of funds to commercial banks of Tajikistan on a commercial basis.
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