Kyrgyz-Kazakh investment fund reaches practical stage of implementation, says acting PM Babanov
The opening of the Kyrgyz-Kazakh investment fund moved to a practical stage of implementation, acting Prime Minister Omurbek Babanov told the investment forum held today in Bishkek, CA-News reported.
"The arrival of Kazakh delegation today shows that terms will be discussed," he said.
290 Kazakh companies function in Kyrgyzstan, 100 companies have Kazakh capital.
Since 2005, direct foreign investments from Kazakhstan exceeded $1 billion. Foreign trade amounted to $438 million for 8 months of 2011 and grew by 34%.
Creation of the Kyrgyz-Kazakh investment fund is supposed to attract the latest technologies, capital and to support business environment, the acting Prime Minister said.
Kyrgyzstan is attractive for an investor. "Protection of investments, capital and properties of investors is possible in Parliament, mass media and civil society. Our society today acts as a guarantee of protection of investments," he said.