Asizukubuya
25-02-2008, 09:56
[OOC: Sort of an intro thread, just establishing what is going on in my nation to the international community.]
Asizukubuya to Open Borders to Foreign Investment
Ulundi, Asizukubuya (AP) - Today the Asizu National Assembly, the Inhlangano voted unanimously towards a proposed amendment to the national constitution ending over 30 years of economic isolation. Local markets in Asizukubuya will be made available to foreign produced goods, and already the national government and several government-sponsored local industries such as AmaZulu Steels Co are already making arrangements for a large investment in foreign technology. Additionally, several nationally owned companies, including AmaZulu Steel Co, and Asizu National Airlines are opening to foreign investment on a newly created Ulundi Stock Exchange. The government hopes that this policy of increased openness, along with increased diplomatic ties within the international community will spur foreign investment in the nation’s relatively weak economy. Already the expected influx of foreign aid is prompting a surge in the Asizu economy, with the government showing 1.5% GDP growth this quarter. Rapid growth is expected to continue as jobs are created and existing industries receive a new breath of life.
The government has coupled these policies with vast expenditures on infrastructure and transportation, with a new International Airport planned in Ulundi and dock facilities being expanded in the port city of Kraal Epeshya. Total expenses for the building programs have already spent some 7.1 billion ubugolide (1.01 billion USD) and further expenses are planned on a new ferry system between the two main islands, and the projects have created over 6.000 new jobs across the country. This represents the greatest expenditure by the government in the past 38 years. It is all funded by a new series of taxes on luxury items and foreign manufactured goods, representing the first new series of tax in recent history. These sweeping internal reforms promise to make Asizukubuya a nation on the rise and a rich opportunity for investment.
Asizukubuya to Open Borders to Foreign Investment
Ulundi, Asizukubuya (AP) - Today the Asizu National Assembly, the Inhlangano voted unanimously towards a proposed amendment to the national constitution ending over 30 years of economic isolation. Local markets in Asizukubuya will be made available to foreign produced goods, and already the national government and several government-sponsored local industries such as AmaZulu Steels Co are already making arrangements for a large investment in foreign technology. Additionally, several nationally owned companies, including AmaZulu Steel Co, and Asizu National Airlines are opening to foreign investment on a newly created Ulundi Stock Exchange. The government hopes that this policy of increased openness, along with increased diplomatic ties within the international community will spur foreign investment in the nation’s relatively weak economy. Already the expected influx of foreign aid is prompting a surge in the Asizu economy, with the government showing 1.5% GDP growth this quarter. Rapid growth is expected to continue as jobs are created and existing industries receive a new breath of life.
The government has coupled these policies with vast expenditures on infrastructure and transportation, with a new International Airport planned in Ulundi and dock facilities being expanded in the port city of Kraal Epeshya. Total expenses for the building programs have already spent some 7.1 billion ubugolide (1.01 billion USD) and further expenses are planned on a new ferry system between the two main islands, and the projects have created over 6.000 new jobs across the country. This represents the greatest expenditure by the government in the past 38 years. It is all funded by a new series of taxes on luxury items and foreign manufactured goods, representing the first new series of tax in recent history. These sweeping internal reforms promise to make Asizukubuya a nation on the rise and a rich opportunity for investment.