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14 August 2018, 18:01

Minsk-based Motovelo to set up joint venture in Uzbekistan

MINSK, 14 August (BelTA) – Minsk Motorcycle and Bicycle Plant (Motovelo trademark) has signed an agreement of intent with the government of Andijan Oblast of Uzbekistan to set up a factory to produce bicycles in this region of Uzbekistan, BelTA learned from specialist for legal support and marketing of the Minsk-based company Kristina Borodko.

The parties agreed to establish long-term and mutually beneficial cooperation and to provide the joint venture with the preferences that apply to other joint ventures with foreign investments operating in Uzbekistan.

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