Nationalization issues prevent investments, we must forget about nationalization -- PM Babanov.

Nationalization issues prevent attraction of investments. Kyrgyzstan must forget about nationalization, said the Prime Minister of Kyrgyzstan Omurbek Babanov on July 13, 2012. "In addition, we have 80 idle ventures in Kyrgyzstan. The Minister of Energy Askarbek Shadiev should pay attention to industry as well. State Development Bank must find funds and launch operations as soon as possible," said head of the Government. "Most importantly, we should decrease intersection of our citizens with officials, only through electronic documents. We must ensure that all officials declare their income. There are many cases when state procurement is done by relatives, we must work on mechanisms to prevent those corruption schemes," he said. Babanov reminded that the Government presents 12 mining sites of Kyrgyzstan for open auction. "Reforms are always followed by obstacles. I would like to assure all ministries that our government is a reformation government. This work was not done during many years. Lost of Kumtor funds happened during first two quarters of 2012. In Q3 we will make sure that is does not happen," said Babanov.

News Agency I...IUIypress - 2001-2012

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