Uzbek car maker shows interest in Azerbaijani car industry
BBC Monitoring Service - United Kingdom; Feb 28, 2002

 

Text of report by Uzbek National News Agency web site

Uzbekistan will send a business delegation to Baku on 12 March. Turan [Azerbaijani news agency] has learnt at the Uzbek embassy in Azerbaijan that, during the visit, special attention will be paid to ways to reconstruct the Baku air conditioner factory and Azerbaijani car companies.

The Uzbek joint venture [UzDaewoo avto] set up with South Korea's Daewoo company shows interest in the Azerbaijani car industry.

The visit will last till 15 March.

Source: Uzbek National News Agency web site, Tashkent, in Russian 28 Feb 02

/BBC Monitoring/ © BBC.

 

Azeri railways transport over 6m tonnes of cargo via Silk Road in 2001
BBC Monitoring Service - United Kingdom; Feb 25, 2002

 

Text of report by Azerbaijani news agency Turan

Baku, 25 February: The Azerbaijani railway department transported 6.8m tonnes of transit cargo via TRACECA [Transport Corridor Europe-Caucasus-Asia] in 2001, the head of the department, Ziya Mammadov, has told journalists.

Comparing this with previous years, Mammadov said that the department transported 5.6m tonnes in 2000, 3.5m tonnes in 1999 and 650,000 tonnes in 1996. The profitability of the railways department was 14.7 per cent in 2001. The department had receivables of 401bn manats [87m dollars], while its debts were 360bn manats [78m dollars] by the end of 2001.

The EBRD [European Bank for Reconstruction and Development] has allocated credits of 20m dollars and 8m dollars as a European Union grant for the development of the department's infrastructure. The EBRD is planning to allocate an additional 30m dollars this year.

Source: Turan news agency, Baku, in Russian 1120 gmt 25 Feb 02

/BBC Monitoring/ © BBC.