Thursday, 31 March 2005

ABKHAZ PRESIDENT WELCOMES RUSSIAN INVESTMENT

Published in News Digest

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)
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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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