Insolvency administrator of the bankrupt Tosmare shipbuilding factory Ivars Melkis has put up the company’s owned ship repair and shipbuilding factory for EUR 2.164 million, according to published announcement. The announcement mentions that the price of Tosmare shipbuilding factory is EUR 2,163,163 with VAT. Property on sale includes two dry docks, one floating dock, as…
Azerbaijan’s AzerMash company together with the automobile company Iran Khodro Industrial Group (IKCO) have launched the production of Peugeot cars under the Khazar brand on the basis of the Neftchala Industrial Site, spokesperson for AzerMash company Gunay Namidar reported. “Several Peugeot cars have been already produced,” she added. “The cars have been equipped with an…
GM Uzbekistan will be renamed in the coming months, the UzAvtoSanoat Deputy Chairman Aziz Shukurov announced. Shukurov added that the Chevrolet and Ravon brands would remain. “The issue of renaming will be resolved in the near future, and we will inform about it soon,” Shukurov said during a press conference. The company exports its products…
Ganja Automobile Plant is interested in joint production of combine harvesters with Gomselmash, Niyazi Bayramov, the head of the Ganja city administration, said as he met with Gomel Mayor Piotr Kirichenko. “We would like to manufacture combine harvesters and other farm machines on the premises of Ganja Automobile Plant in cooperation with Gomselmash,” Niyazi Bayramov…
Assets of the PJSC Mykolaiv Shipyard Okean (Ocean) located in Ukraine’s southern city of Mykolaiv were sold at an auction on December 3 to Annona Trading House LTD for UAH 122.195 million, or $4.3 million, according to Liquidator of the shipyard Iryna Serbin. Initially, the starting price of the enterprise was UAH 1.8 billion ($63.8…
Acting Prime Minister Nikol Pashinyan met Armen Harutyunyan, the head of Beltekhnika, a Lithuanian company engaged in the production of agricultural equipment. At the meeting in Yerevan, the parties discussed issues related to Beltekhnika’s initiative to implement an investment project for the production of agricultural machinery such as tractors in Armenia. Reaffirming the Armenian government’s…
In Azerbaijan, the production of machinery and equipment, cars, trailers and semi-trailers reached 241.1 million manat ($141.86 million), the State Statistics Committee said. Compared to the same period of the previous year, the production of cars increased 26.5-fold, machinery and equipment – by 17.7% and other vehicles – by 65.6%. As many as 1,220 tractors…