16 November 1999
DAILY REVIEW FROM TATARSTANPutin Orders KamAZ Debt Restructured
Russian Prime Minister Vladimir Putin signed a order on restructuring the debt tbat the KamAZ truck concern owes to the federal budget, Tatar-inform reported on 15 November. According to the document, the Russian government adopted a proposal from the Russian Economics Ministry and KamAZ for the debt to be repaid with bonds that can be converted into stock shares. KamAZ will thus be given a deferment by the Russian Finance Ministry for the payment of the securities tax until 28 November. The Federal Securities Committee is charged with registering the bonds for issue and converting them into inscribed stocks.
KamAZ Begins Tractor Assembly
The first tractor assembled at the KamAZ truck concern was given a tryout near Chally, Tatar Television reported on 15 November. KamAZ General Manager Ivan Kostin told Tatar Television that certification of the tractor will be completed next year. Tatar Prime Minister Rustam Minnikhanov participated in the tests said that the tractor will cost less than $15,000. He said that there are plans to organize joint production with Ukraine's Kharkov tractor plant using KamAZ engines. He said that up to 400 trucks should be jointly assembled before the next agricultural season.
Tatarstan Exhibits Wares At Dubai Air Show
A Tatar government delegation headed by First Deputy Prime Minister Ravil Muratov is taking part in an international air show, "Dubai-2000," at the invitation of the United Arab Emirates defense minister, Mukhammad ben Rashid Makhtum, Tatar-inform reported on 15 November. Different models from the Kazan helicopter plant will be shown at the exposition by the Russian arms exporting company Rosvooruzheniye. Muratov and Makhtum met the previous day and discussed the prospects of improving bilateral relations. The meeting was attended by the UAE head of General Staff, Mukhammad ben Zaid Nakhaiyan, and the state advisor to Tatarstan's president, the head of the External Affairs Department, Timur Akulov.
Compiled by Gulnara Khasanova