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Gold/Mining/Energy : WWS.T World Wide Minerals -- Ignore unavailable to you. Want to Upgrade?

To: Targetzero who wrote (524)	6/11/1998 9:38:00 PM
From: traacs	Read Replies (1) \| Respond to of 784

President Admits Mistakes. An investment summit has taken place in Almaty with the participation of representatives of 160 companies from 24 countries. At the opening ceremony, President Nazarbayev talked about the process of economic reforms in Kazakstan. The fall in productivity had been halted, in 1997 the GEP increased by 2%, and manufacturing productivity increased by 4%. The total value of contracts which were concluded by Kazakstan with foreign companies is estimated in $40 billion. The transition of the economy from stabilization to growth is taking place. The president also announced that an investment summit would now be held each year. He admitted that the reason for the scandals relating to the cancellation of certain investment contracts had been as a result of government errors. Panorama, 6/5/98, Egemen Kazakstan, 6/5/98