The State Demonopolisation Committee has received a request from the Uzbek-Swiss NefteGazMontaj LLC (Oil and Gas Assembly) Joint Venture for the acquisition of 100% stake in Avek-Motors Open Joint-Stock Company.
Russian broadcaster CTC Media has made a $65 million cash investment to take a stake in Kazakhstan’s Channel 31, and plans to launch a new station in Uzbekistan.
On 30 August 2007, the Embassy of Uzbekistan in Brussels, Belgium, organized a briefing on the Investment Climate and Economic Potential of Uzbekistan.
UzbekEnergo has signed two contracts with Zaporojtransformator (ZTR) for over US$13 million, the company’s press service said.
A forum on regional economic cooperation in Central, Western and Southern Asia at the top level was held on 2 September within the frame of the Urumchi Foreign Trade and Economic Fair.
Chinese Ambassador to Tashkent Yu Hongjun claims that Uzbekistan and China intend to up bilateral trade to US$1 billion. Experts warn that China is out to expand into all of Central Asia and elbow Russia out of the markets it has always considered its own, Nezavisimaya Gazeta reported.
Uzbekistan’s Navoi Ore Mining and Metallurgical Plant, or NGMK, has started construction on a gold mining complex in the Samarkand Region at a cost of about U.S. US$300 million, NGMK said Thursday.
President of Uzbekistan Islam Karimov visited "Made in Uzbekistan" exhibition held at UzExpoCenter in Tashkent on 30 August, UzA reported.