OREANDA-NEWS. On 21 April 2009 was announced, that GAZ Group will deliver 130 buses made at Kugransky Bus Plant to Nicaragua, the company informed. This is the first deilvery provided within the program of strategic cooperation with Latin America aimed to intensify economic activity between Russia and Nicaragua.

GAZ is the largest car maker in Russia. From 2005 it is included into GAZ Group. The share capital is worth 19.97mln rub. split in 18520260 common and 1453500 preferred stocks of 1 rub. par.

The 9-month net losses (RAS) reached 161.41mln rub. against 1.288bn rub. in profit last year; revenues moving up to 19.34bn rub. from 18.68bn rub.

The consolidated revenues from sales in 2008 were fixed to come to 143bn rub.