Friday, 07 July 2006

KYRGYZ PRESIDENT VISITS KAZAKHSTAN

Published in News Digest

By empty (7/7/2006 issue of the CACI Analyst)

Kyrgyz President Kurmanbek Bakiev held talks with Kazakh President Nazarbaev in Astana on July 4. Their discussion reportedly focused on economic cooperation. Nazarbaev told a joint news conference after the meeting, \"I am always directing Kazakh businesses toward investing money in your country,\" RFE/RL\'s Kazakh Service reported.
Kyrgyz President Kurmanbek Bakiev held talks with Kazakh President Nazarbaev in Astana on July 4. Their discussion reportedly focused on economic cooperation. Nazarbaev told a joint news conference after the meeting, \"I am always directing Kazakh businesses toward investing money in your country,\" RFE/RL\'s Kazakh Service reported. Bakiev said: \"I have to point out that Kazakh investments in Kyrgyzstan more than doubled during the last year, 2005 [compared with 2004]. There are five Kazakh banks that operate on Kyrgyz territory today.\" Khabar noted that Kazakhstan invested over $160 million in the Kyrgyz economy in 2005. News agency 24.kg reported that Kazakhstan could invest up to $2.5 billion in Kyrgyzstan\'s economy. The two presidents signed a declaration on deepening relations and a number of intergovernmental agreements, 24.kg reported. (RFE/RL)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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