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    SAAKASHVILI PROMISES TO PROVIDE SECURITY OF RUSSIAN INVESTMENTS IN GEORGIA

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    MOSCOW, February 11, 2004. (RIA Novosti). Georgian President Mikhail Saakashvili promises to provide security of Russian investments in Georgia, co-chairman of Business Russia public organization Sergei Generalov told journalists on Wednesday.

    According to him, no practical projects were considered at Saakashvili's meeting with Russian businessmen. It was a kind of preliminary meeting, which focused on the main trends of cooperation and the possibilities of Russian businessmen's participation in Georgian economy, "including energy, gas and oil spheres".

    "Saakashvili guaranteed the priority of Russian investments in Georgia and promised to provide their security," Generalov said.

    In his words, Saakashvili has already appointed a person in charge of this - the secretary of the Georgian Security Council.

    At issue were guarantees of Russian investments in Abkhazia (a self-proclaimed republic in Georgia). Saakashvili welcomed investments in Abkhazia, in spite of the political conflict in the region, Generalov noted. The Georgian President wants the investments in Abkhazia to meet the Georgian laws and be coordinated with the Georgian authorities, he added.

    Russian businessmen were keeping back the development of their projects in Georgia, waiting for political stability in the country. Now they are ready for large-scale investments, as Georgia has finally achieved stability, Generalov told journalists.

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