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Nazarbayev Urged Kazakh Companies To Invest In Armenian Economy More

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  • Nazarbayev Urged Kazakh Companies To Invest In Armenian Economy More

    NAZARBAYEV URGED KAZAKH COMPANIES TO INVEST IN ARMENIAN ECONOMY MORE ACTIVELY

    PanARMENIAN.Net
    07.11.2006 16:41 GMT+04:00

    /PanARMENIAN.Net/ Kazakh President Nursultan Nazarbayev urged Kazakh
    companies to invest in Armenian economy more actively. "Kazakhstan
    develops at a high rate. I urge you to study the situation in
    Armenia, invest and earn money," Nazarbayev said at a business
    forum in Astana. "We discussed bilateral relations with the Armenian
    President. Trade and economic relations are the major ones here and
    these are at a very low level today," Nursultan Nazarbayev said. "The
    number are so low - $14-15 million, this does not fit either needs
    or potential of our countries," the Kazakh leader added.

    In his turn Armenian President Robert Kocharian noted that the
    structure of the economies of Kazakhstan and Armenia "could
    complement one another." "We have a normative legal basis for
    economic cooperation. The attractive investment climate in Armenia
    allows businessmen investing money and being sure that his property
    is protected," the Armenian leader said. He added that banking, IT,
    vegetable processing, mining, metallurgy and other fields may be most
    attractive to Kazakhstan, reports Kazakhstan Today.

    From: Emil Lazarian | Ararat NewsPress
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