Kyrgyzstan: four large bankrupt plants sold

At least four large plants, which had been declared bankrupt, were in Kyrgyzstan. Kara-Balta Distillery State Enterprise, specializing in the production of Lux ethyl alcohol, alcohol oxide fraction, fusel alcohol, carbon dioxide, was bought by an investor from Russia, who planned to modernize the company and expand production. Kara-Balta Pilot Plant LLC was purchased by…

Uzbekistan: Dmitry Osovik to become production director of BAT Uzbekistan

Dmitry Osovik will become a director on production of British American Tobacco Uzbekistan (BAT Uzbekistan), BAT Russia said in a statement. Dmitry Osovik will be responsible for development of production at British American Tobacco’s division in Uzbekistan, including production of cigarettes, tobacco and supply chain, the company said. Prior to appointment, Dmitry Osovik worked as…

Tajikistan: construction of the TAT railway remains questionable

The Turkmenistan-Afghanistan-Tajikistan (TAT) railway construction remain questionable because of uncertainty in the current situation in Afghanistan, Usmon Qalandarov, the deputy head of Tajik Railways, said. He noted that the Asian Development Bank had suspended its financial support for the construction of the TAT railway due to security risks in Afghanistan. “We are ready to begin…

Belarus: MAZ ships 100 buses to Russia

The leasing company TK Leasing, an official dealer of the Belarusian mechanical engineering company OAO Minsk Automobile Plant (MAZ trademark), has finished shipping 100 vehicles to Kaliningrad GorTrans, the municipal mass transit enterprise of the Russian city of Kaliningrad, the press service of the Embassy of Belarus in Russia reported. The sum of the contract…

Belarus to step up cooperation with Zimbabwe

Belarus and Zimbabwe intend to step up cooperation in trade and economic affairs, the press service of the Embassy of Belarus in Russia reported after Ambassador Extraordinary and Plenipotentiary of Belarus to Russia Igor Petrishenko met with Ambassador Extraordinary and Plenipotentiary of Zimbabwe to the Russian Federation with concurrent accreditation to Belarus Mike Nicholas Sango…

Azerbaijan: investments in Turkey to go up

Azerbaijan plans to increase investments in Turkey up to $20 billion until 2018, said Azerbaijan’s Economy Minister Shahin Mustafayev. “Currently, the volume of Azerbaijani investments in Turkey totals $8 billion”, said Mustafayev. He also noted that Turkey had invested nearly $10 billion in Azerbaijan. More than 1,700 Azerbaijani companies operate in Turkey and the number…