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Entrepreneurs from Uzbekistan and China agreed to push ahead with $25bn worth of projects on the sidelines of a business forum in China. Some 41 documents aimed at deepening cooperation between ...
Uzbekistan’s Uzavtosanoat (UzAuto), which has assembled Chevrolet vehicles under licence from General Motors since 2007, has plans to expand into Kyrgyzstan, WardsAuto ...
AvtoVAZ is considering launching the assembly of a new generation Lada car in Uzbekistan, the president of the Russian company Maxim Sokolov has told TASS. At the industrial exhibition ...
March data from the real economy indicates a decline in GDP in the first quarter, which we now estimate at 1.5% year on year compared with -1.2% y/y predicted so far. This was most likely the low point of the current downturn cycle.
Chinese automobile brand OMODA is preparing to launch sales on the Uzbek market, Spot.uz has reported. OMODA, a subsidiary brand of Chery International, presents its car models as the ...
Russia’s passenger car market sales will only return to pre-war levels in 2027, even with an improvement in the geopolitical situation, an increase in production, and parallel imports, according to a study by Technologies of Trust (TeDo).
Chinese President Xi Jinping just arrived in Moscow on a three-day state visit to Russian President Vladimir Putin that provides the Kremlin with a fig leaf of legitimacy for its military campaign in Ukraine and also promotes China to the top table.
Deal follows breakthrough agreement that will bring Iranian cars to the Russian market.
The Western Balkan countries are following the path established by Central Europe that emerged as a prominent manufacturing and services hub early in the transition period.
Czech authorities and VW's Skoda Auto insist the carmaker’s plans for a massive electric battery plant in Central Europe are merely postponed, and that VW is awaiting a EU decision on a new EU incentive framework.
Russia’s sales of new cars and light commercial vehicles (LCVs) plummeted by 62.1% y/y to 41,900 in February, the Association of European Businesses said.
High interest in EVs and hybrids a plus for many brands from China as they aim to make quick inroads.
Enterprise to help deliver on commitment to produce batteries in the same region where the auto giant produces electric vehicles.
By the end of 2Q22, the common belief was that the Russian economy was already hurtling towards disaster, buckling under the weight of sanctions. But it didn't happen. A lot of damage has been done to the economy, but what went right?
Benefiting from its geographic proximity and historic ties, Italy is already one of the top investors and trading partners of the Western Balkan countries.
Car sales in Russia collapsed by 58.8% in 2022 to 687,370 units, the Association of European Businesses (AEB) said on January 12, as the sector continues to make a slow recovery from a collapse following the start of the war in February.
Czechia already is a dual system in which many companies and residents operate in euros, but politicians and central bankers continue to block adoption.
The exit of the international car makers from Russia following the invasion of Ukraine has left a huge hole in what is one of the biggest car markets in Europe. China’s leading brands are rapidly moving in to fill the void.
Slovenian aerospace company partners with Textron of the US to accelerate growth.