A joint venture, Kogonteks LLC, is being set up in Tutikun village of Kagan district on the initiative of the head of Dav Dil Farm Davlat Hoykulov, UzReport.com reported.
UzDaewooAuto, Uzbek car maker, plans to launch the production of a modernized Nexia model in January 2008. The design of the new car was developed in cooperation with the Concept Group, a European engineering company, and based on the recommendations of the car’s dealers in Russia. Moreover, UzDaewooAuto will from now on be an exclusive producer of the M200 and M300 models of General Motors for the CIS market.
US-based Newmont Mining Corp. said on Wednesday it would receive US$$80 million as part of a settlement of a dispute centering on a joint venture with the Republic of Uzbekistan.
First Vice-Prime Minister Sergei Ivanov said Russia was taking active steps towards filling integration projects with Central Asian countries in the fuel and energy sector with concrete substance, Itar-Tass reported.
President of Uzbekistan Islam Karimov signed a resolution to boost edible oil and fat industry via modernization of capacities and deep processing of cotton seeds, as well as production of export oriented and import replacing products.
Russian aircraft vendor AviaBalt plans to sign a contract to supply a large number of Il-114 jets to Venezuela, the company said Tuesday.
The Tashkent Aircraft Industry Corporation will join the Unified Aircraft Industry Corporation, Russian First Deputy Prime Minister Sergei Ivanov said on Monday.
First Vice-Premier Sergei Ivanov has been waiting for Uzbekistan’s reply to Russia’s proposal to join the International Uranium Enrichment Center in the Russian city of Angarsk.