Ashgabat, 18 May 2011 (nCa) — The government of Turkmenistan has issued a press statement, refuting the allegations made by RBC, a Russia based publication.
RBC, quoting an obscure think tank, asserted that the legal framework in Turkmenistan was inadequate to protect foreign investments. It cited the case of MTS, the Russian cellphone and wireless Internet provider that had been asked to close its offices on expiry of 5-year contract in Turkmenistan.
RBC also hinted that the business environment in Turkmenistan was hostile to Russian companies and there was external pressure to discourage Russian companies.
The press release issued by the foreign office on 17 May says that “such attacks are notable for their utter silliness and misstatement of facts.”
Commenting on the investment climate, the press release says that at present there are 2362 investment project registered in Turkmenistan, with total value in excess of US $ 45.7 billion.
The press release warns that such irresponsible attitude by publications will reflect on the prospects of their future relationship with Turkmenistan.