Aviabalt, a subsidiary of Russia’s Technospetstal-Engineering, is expected to bring in 1 billion rubles (nearly US$38.6 million) at the expense of debenture bonds that will be issued, according to Uzbekistan Today news agency.

Samarkand Elevator Production Plant is beginning to assemble marine elevators ordered by the Severodvinsk Machine-Building Plant. The first consignment of marine elevators will be shipped to Severodvinsk in October this year, Rosbalt quoted Uzeltehsanoat.

China will manage to enhance economic cooperation with other members of the Shanghai Cooperation Organization (SCO) on the basis of mutual benefit and a win-win situation, in a bid to promote common prosperity of all countries in the region, Vice Premier Wu Yi said here on Sunday.

State-run Korea Resources Corp. plans to jointly produce 400 metric tonnes of uranium annually with an Uzbek company in Uzbekistan from 2011, the Seoul Economic Daily reported, citing the Korean company.

Uzbek Metallurgical Plant (Uzmetkombinat) produced 279,540 tonnes of steel in the period January to May 2007, up 0.6% year-on-year, it was reported on June 5, 2007.

Uzbek mobile operator Uzdunrobita, a subsidiary of Russian mobile company Mobile TeleSystems (MTS), will discontinue operations of its DAMPS network starting 10 June.

Uzkimyosanoat (Uzbek chemical industry) state joint-stock company will modernize Samarkandkimyo (Samarkand chemical plant) JSC in 2007/08, according to Uzbekistan Today information agency.

In 2007 Uzbek Karokuli signed export contracts to deliver astrakhan worth US$3.38 million which is 53.6% more compared with contracts of 2006, a report by Uzbekistan Today news agency said.

The National Airline of Uzbekistan (Uzbekistan Havo Yollari) is preparing to sign another contract with the Finnish VAISALA company for the delivery of six meteorological stations.

New energy projects with Russia’s participation are aimed to guarantee energy security for the whole of Eurasia and for the Asia-Pacific region, President Vladimir Putin said.