RT -- The republic’s president, Sergey Bagapsh, calls the attitude of the EU towards his country illogical. He expressed his concerns at a meeting with EU Ambassador for Southern Caucasus Peter Semneby.

SOCHI (Itar-Tass) -- The Russian Ministry of Economic Development and Trade plans to open a trade mission in Abkhazia, the Russian ambassador to Abkhazia, Semyon Grigoriev, said on Tuesday.

Regnum -- Abkhazia has sufficient resources for successful economic development, President of Abkhazia Sergey Bagapsh announced at a press conference in Sukhum Sep 2, 2008. He said that Abkhazia is rich with natural resources and fossil minerals — ''we have oil and gas.'' Bagapsh noticed that up to 10 billion rubles is going to be invested in developing the country's economy in the coming two or three years. Besides, he informed, foreign investments is going to be welcomed.