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Thursday, 31 March 2005
ABKHAZ PRESIDENT WELCOMES RUSSIAN INVESTMENT
By empty (3/31/2005 issue of the CACI Analyst)
Abkhaz President Sergei Bagapsh announced on 31 March that the Abkhaz leadership is committed to promote greater Russian investment and commerce in Abkhazia. The Abkhaz leader added that \"an investment economic group is being formed\" to work directly with potential Russian investors. The Abkhaz leadership has already initiated negotiations with Russian companies over a $40 million project to reconstruct telecommunications in Abkhazia, and is currently seeking Russian financing for the reconstruction of the Inguri power plant and the restoration of a railway route.
Abkhaz President Sergei Bagapsh announced on 31 March that the Abkhaz leadership is committed to promote greater Russian investment and commerce in Abkhazia. The Abkhaz leader added that \"an investment economic group is being formed\" to work directly with potential Russian investors. The Abkhaz leadership has already initiated negotiations with Russian companies over a $40 million project to reconstruct telecommunications in Abkhazia, and is currently seeking Russian financing for the reconstruction of the Inguri power plant and the restoration of a railway route. (ITAR-TASS)