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Tuesday, 6th September 2005 (3909 views)

Kyrgyzstan will open its gates to foreign investors in its energy, agriculture and gold mining sectors.

This announcement was made after the Kyrgyz president had visited the Russian president, Vladimir Putin, prime minister Mikhail Fradkov and Moscow's mayor Yuri Luzhkov, reports Itar-Tass.

Russia investors were particularly encouraged although Kyrgyz's president, Kurmanbek Bakiyev, emphasised that "the conditions for all investors will be the same".

"We intend to openly, on the conditions of a tender, help to attract companies who want to develop gold ore deposits," he told reporters.

Kyrgyzstan has estimated gold reserves of over 560 tonnes. In 2003, the country produced 23 tonnes of gold.

 

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