IKS-RUSSIA

US-based chemical firm Huntsman reached a $1.73bn (€1.25bn) cash and financing settlement with Deutsche Bank and Credit Suisse - the lenders in its doomed $10.6bn merger with Hexion Specialty Chemicals. Huntsman initially sought more than $4bn in damages against the lenders in a trial that began in a Texas state court. Huntsman will receive $620m in cash, $500m in senior secured term loan financing, $600m in unsecured note financing and $12m for the reimbursement of litigation costs. In its lawsuit against the lenders, Huntsman alleged that Hexion's offer was an inducement to dupe the company into rejecting an earlier ac ... Read more »

ACTED is an apolitical, and non-confessional international relief agency. The first projects were initiated in Kabul in 1993 to bring relief to populations affected by more than 15 years of conflict. As well, ACTED maintains a representative office in Uzbekistan.
Mr. Bernard Pascal, Assistant Country Director of ACTED Uzbekistan, began the meeting with explanation of the ACTED activity in Uzbekistan. He said that the activity is divided into three components. Health promotion component is very active in Fergana valley. Other components include support to micro-finance and agriculture development in Surkhnadarya and Kashkadarya. Favorable conditions after the introduction of the microfinance law now give the opportunity for ACTED to support the creation of a local micro finance company.

Main partners of the ACTED currently are the EU and NOVIB.

ACTED wishes to expend its activities in Uzbekistan. Participants of the IKS Group supported this idea ... Read more »

IKS Group of Companies meets with Japan International Cooperation Agency in Uzbekistan

(17 December 2008) - IKS Group of Companies meets with Japan International Cooperation Agency (JICA) in Uzbekistan

IKS Group of Companies met with the Japan International Cooperation Agency (JICA) in Uzbekistan. Development Cooperation issues were discussed during the meeting. Representatives of JICA in Uzbekistan noted that Human Resource and Institutional Development for Economic Development, Agricultural Reform and Rural Development, Improvement of Public Service, Improvement of Infrastructure are the main areas for JICA’s cooperation in Uzbekistan.