IMPROVEMENT OF THE INVESTMENT CLIMATE IN THE ENERGY SECTOR OF TAJIKISTAN

This paper examines the current state of the investment climate in Tajikistan, determining factors, problems, and challenges that have a significant decisive impact on the investment climate and energy sector of the country, by conducting a survey and descriptive analysis. The result of the study identified important determining factors that seriously affect investment, including regulatory, economic, political, and social factors, the most important of which are political stability (risk), taxes, corruption, bureaucratic difficulties, access to infrastructure. The results of our research have shown that the above-mentioned determining factors are the most influential and important obstacles in the process of attracting and implementing FDI investments, which seriously affect the business environment and hinder the process of attracting FDI to the energy sector of Tajikistan. The study identified and confirmed the importance of role above-mentioned determining factors, in improving the investment climate in the energy sector of Tajikistan.