Rewzenamh Bazegurestan
Bazgaristan Daily - Bazgaristan's newest daily.
August 5219 | People's Council passes pro-Dovani and foreign affairs bills, Bazgaristan aims to be a member of the Dovani Pact
Khamandi - President Karlani Qalat announced that the People's Council had passed an act regulating foreign investment and the formal formation of the International Economic Development and Assistance Organization (IEDAO) which will coordinate all efforts of foreign investment into Bazgaristan. The Director of the IEDAO will cooperate with the Bazgaristan Development Fund (BDF), the sovereign wealth fund of Bazgaristan, which was founded in the wake of the Banner Revolution as a means to coordinate foreign investment and the strategic and national goals of Bazgaristan. CEO of the BDF Heydar Derakhshani welcomed the act of the People's Council and stated that the formation of the IEDAO will help facilitate foreign investment into Bazgaristan and will provide for a uniformed approach to handling foreign investment. The International Development and Stability Fund has often criticized Bazgaristan's often haphazard rules and regulations for foreign investment and has made recommendations that the nation adopt a uniformed approach. The formation of the IEDAO does precisely that and is likely aimed at bolstering the nations regional profile in Dovani as well as attempting to attract outside investment from fellow Dovani nations.
The Ministry of Foreign Affairs also confirmed that the People's Council had ratified the Treaty of the Dovani Pact as an applicant for Full Membership within the organization. Heshmat Tarokh, the Permanent Representative and Chief Administrator to the Ascension to the Dovani Pact, welcomed the news and stated that now it relied on the Dovani Assembly to formally accept Bazgaristan as a Full Member of the Dovani Pact. "It is a good day for the Bazgari people to ascend to this treaty. It will further develop our markets and allow us greater access to allies and supporters within Dovani as a whole." The ratification of the treaty was passed with all 1209 deputies of the People's Council supporting, something heralded by President Qalat and the Foreign Minister. The Foreign Ministry recently announced that it had appointed a new Ambassador to Ostland and another to New Englia.