“Aviabalt” Open Joint-Stock Company, a subsidiary of Russia’s “Technospetstal-Engineering” is expected to bring in 1 billion rubles at the expense of debenture bonds that will be issued. These funds will be used for the purchase of components for the production of “IL 114-300”, turbo-prop middle-range aircraft, in Tashkent.
In June, “Soyuzneftegaz” intergovernmental oil company will start exploring oil and gas deposits in Uzbekistan within the framework of Product Sharing Agreement.
In January-May, the volume of stock exchange export through the currency trade of the Uzbek Republican Commodity and Raw Material Exchange (URCRME) totaled around US$36 million, which is equal to the amount achieved in the same period of last year.
The Fund on Reconstruction and Development of the Republic of Uzbekistan and Czech Export Bank signed an agreement to support and develop the investment financing cooperation between the two states.
The Uzbekistan Airways Technics (UAT) is entering the West European market. A passenger liner of the Italian air company Air Italy came to Tashkent for a technical inspection.
The representatives of administrative bodies and private sector constructively discussed the problems of audit system development in Uzbekistan and ways of resolving them at a roundtable that took place in Tashkent under the UNDP’s project on “Reforming the state finances in Uzbekistan”.
In 2007 the Russia’s OSC “Stroytransgas” intends to start constructing the propane-butane mixture sets for producing liquefied gas in the Mubarek Gas Processing Plant (MGPP). Thus, the “Uzbekneftegas” National Holding Company aspires to satisfy the growing demand for gas.
According to the State Commission on radiofrequency of the Republic of Uzbekistan, as of May 1, 2007 the number of mobile communication subscribers in Uzbekistan is over 3,414 million people.
In 2007-2008 the Japanese Mitsui & Co. Ltd will set a signaling, centralizing and blocking system (SCB) for the Tashguzar-Boisun-Kumkurgan railway line in the south of Uzbekistan.
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