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