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To: Nicholas Rainford who wrote (702)6/3/1999 7:35:00 PM
From: Nicholas Rainford  Read Replies (1) | Respond to of 784
 
June 3 1999,

KAZAKHSTAN'S PRESIDENT SAYS CONTINUED FOREIGN INVESTMENT
VITAL. Speaking at a news conference in Almaty following a
session of the Foreign Investors Council of Kazakhstan on 2
June, Nursultan Nazarbaev said that this year Kazakhstan
plans to maintain the 1998 level of $1.2 billion in direct
foreign investment and $2.1 billion in domestic investment,
Interfax reported. He added that foreign investment is "an
important component in establishing democracy." Addressing
foreign investors earlier, Nazarbaev had assured leaders of
foreign companies engaged in Kazakhstan that he is ready to
meet with them personally in an attempt to resolve any
difficulties they encounter, especially with bureaucratic
hurdles or requests for bribes, RFE/RL's Kazakh Service
reported. LF