ASHGABAT, May 19, 2011(TCA) -- The press service of the Ministry of Foreign Affairs of Turkmenistan issued a statement for press in connection with the report published by "RBC daily" internet portal on the alleged "problems" associated with the activities of foreign companies in Turkmenistan.
With reference to a certain Institute of Political Analysis (IPA), "RBC daily" writes about the termination of operations of the Russian cellular communication company MTS in the Turkmen market. The report also pours out a flood of baseless opinions ranging from inadequate legislation to "hostility to the Russian business community", and even "pressure from external actors," the Foreign Ministry said.
"These attacks are notable for their absurdity and misstatement of facts. For example, with respect to MTS, the Turkmen side has repeatedly stated that operations of this company in the country were discontinued due to the expiration of the 5-year contract, which was the basic document regulating the work of MTS in Turkmenistan.
With regard to the investment climate, it is well known that the investment climate is favorable in Turkmenistan and complies with all the conditions accepted in international practice. Dozens of first-class foreign companies, including Russian, are successfully operating in the country, and there have been registered 2,362 investment projects worth 45.7 billion U.S. dollars.
The national legislation is being constantly improved; documents on promotion and reciprocal protection of investments have been signed and implemented with many countries; the rights of the parties to contracts have been guaranteed, including through the provision of opportunities for dealing with disputes in both domestic and international arbitrations. That is why Turkmenistan enjoys a strong reputation of a reliable and responsible partner," the Turkmen Foreign Ministry noted.
"If the final product of the so-called "analysis" can still be explained by ordinary incompetence, which is very natural for little-known structures such IPA, the very fact of its publication by RBC media holding that has been working in the information sphere for many years, is an absolute surprise, and, as a consequence, it has significantly reduced the agency's rating."
The Turkmen Foreign Ministry said that such irresponsible reports will not remain without attention and will reflect on the future of relations with the sources of such reports, no matter where they come form and their motives," the statement says.
(THROUGH ASIA PULSE)
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