About 150km north of Dushanbe, the capital of Tajikistan, workers were recently putting the final touches to a bridge that is part of a new stretch of road linking the country to Kyrgyzstan, Financial Times reported.
Uzbek-focused Oxus Gold PLC said shareholder RAB Special Situations (Master) Fund Ltd granted Zeromax GmbH an option to buy up to 52.254 mln Oxus shares from RAB at 80 pence each, exercisable at any time until 18 December and extendable until 31 January 2008.
European Bank for Reconstruction and Development (EBRD) forecasted that the economy of Uzbekistan will grow by 9.3% in 2007 compared to 7.3% in 2006, EBRD senior economist Rika Ishii said in presentation of annual report of the bank Transition report 2007 in Tashkent on Friday, 7 December.
ITE Group PLC, an international exhibition and event organizer, said at its preliminary results for the year ended 30 September 2007 that discussions are well advanced to extend its relationship in Uzbekistan.
Tashkent hosted a seminar dedicated to cooperation between Uzbekistan and Bulgaria in tourism sphere, UzA reported on 7 December.
Tuymazsteklo open joint stock company, Russian company on production of glassware for medical products, will open its office in Uzbekistan, Bashinform reported on 6 December.
Nearly 200 contracts worth over US$400 millions were signed during an international textile fair held in Tashkent on 5-6 December, the UzA news agency reported on 6 December.
Britain’s Oxus Gold Plc’s (OXS.L: Quote, Profile, Research) Uzbek venture has doubled its forecast for gold output to 300,000 ounces by 2010 after the Uzbek government approved its plan to upgrade mining facilities, the company said.
As part of a visit to Uzbekistan, a delegation from Volgograd region led by Pavel Chumakov, deputy governor on issues of the agro-industrial sector and nature management, has signed two cooperation agreements.