NOV. 18 2011 (The Conway Bulletin) – A joint venture headed by US carmaker General Motors (GM) opened an engine assembly plant in Tashkent, local media reported. The opening comes a few weeks after US Secretary of State Hillary Clinton visited Uzbekistan. The joint venture also owns a car assembly factory in Andijan, east Uzbekistan.
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(News report from Issue No. 66, published on Nov. 23 2011)
JULY 18 2011 (The Conway Bulletin) – Bucking most foreign investors’ opinion that doing business in Uzbekistan is difficult, US carmaker GM’s joint venture with the Uzbek government has increased production. Russian news agency Interfax quoted the Uzbek State Statistics Committee saying production at GM Uzbekistan, in which GM owns 25%, rose by 4.2% in the first half of 2011 compared to 2010.
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(News report from Issue No. 49, published on July 20 2011)