Mukhiddin Khasanzoda, son of Khasan Asadullozoda, along with his father’s colleagues, went to Germany to meet with “prestigious German companies”. Photo: Internet As reported by the press service of the Ministry of Foreign Affairs of Tajikistan, “at the initiative of the Tajikistan Embassy in Germany, a series of meetings of the economic delegation of Tajikistan, […]
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Mukhiddin Khasanzoda, son of Khasan Asadullozoda, along with his father’s colleagues, went to Germany to meet with “prestigious German companies”.
Photo: Internet
As reported by the press service of the Ministry of Foreign Affairs of Tajikistan, “at the initiative of the Tajikistan Embassy in Germany, a series of meetings of the economic delegation of Tajikistan, which includes the leadership of OJSC ‘Orionbank’, OJSC ‘Tavhidbank’, and LLC ‘Somon Air’, is taking place with the aim of strengthening economic and trade relations with leading German companies.”
These three companies, owned by one family and controlled by Khasan Asadullozoda, the owner of “Orionbank” and son-in-law of the president, met on March 31, 2022, “with the General Director of the leading company ‘Airbus Operations GmbH’, Gunnar Gross, to establish mutually beneficial cooperation in the field of air transportation,” according to the Ministry of Foreign Affairs.
It is reported that representatives of Khasan Asadullozoda, who represented the interests of these three companies, also met “with the management of the Joint Stock Company ‘Euler Hermes’, including the head of the insurance and risk management department, Jan-Philipp Apkin, and senior transport advisor Berthold Reuter to strengthen further cooperation.”
The airline “Somon Air” recently announced that it is increasing the frequency of flights from Dushanbe to Moscow and back. However, the Ministry of Foreign Affairs of Tajikistan does not report whether “Orionbank” of Khasan Asadullozoda and “Tavhidbank” of his son Mukhiddin Khasanzoda plan to acquire or lease aircraft for their family firm “Somon Air”.
According to data from the National Bank of Tajikistan, OJSC “Tavhidbank” does not engage in insurance or leasing activities. There is also no organization or company in which the bank has invested more than 25% of its capital. However, according to the National Bank, “Orionbank” may engage in leasing but not in insurance activities. Additionally, according to the National Bank, this bank “has no shareholders owning a controlling stake.”
As reported by “Asia Plus”, according to the Agency for Statistics under the President of Tajikistan, Germany’s share in Tajikistan’s foreign trade turnover in 2021 was 1.7%. The total volume of Tajik-German trade last year was about $108 million, which is 17.5% more compared to 2020. About 99.7% of the bilateral trade turnover is accounted for by the supply of German products to Tajikistan.
Photo: Internet