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ArmInfo, Armenia
Sept 23 2005
HOTEL BUSINESS SUCCESSFULLY DEVELOPING IN KARABAKH
STEPANAKERT, SEPTEMBER 22. ARMINFO. During the recent years the hotel
business has been successfully developing in the Nagorno-Karabakh
Republic.
According to the report of ARMINFO correspondent in Stepanakert,
major investments in this sphere of economy have been made by the
Armenian diaspora of the USA, Great Britain, Australia and
Switzerland. Particularly, the Sirkap Armenia Swiss company has spent
about $1,500,000 on several modern hotels in the regions of Karabakh.
The hotel owners in Karabakh are satisfied with the country's tax
policy. For example the manager of the "Nairi" hotel, one of the
biggest hotels in Stepanakert, Mr. Akob Bulakian, a citizen of
Australia, says that his hotel has been exempted from taxes for 3
years, and that the taxes he is paying now are half of what he pays
in Australia. The number of hotel visitors has increased by 30%
during 4 years.
To the opinion of experts, the hotel business in NKR can increase
even more after the airway, connecting Stepanakert to Yerevan, is
opened.-A-
Sept 23 2005
HOTEL BUSINESS SUCCESSFULLY DEVELOPING IN KARABAKH
STEPANAKERT, SEPTEMBER 22. ARMINFO. During the recent years the hotel
business has been successfully developing in the Nagorno-Karabakh
Republic.
According to the report of ARMINFO correspondent in Stepanakert,
major investments in this sphere of economy have been made by the
Armenian diaspora of the USA, Great Britain, Australia and
Switzerland. Particularly, the Sirkap Armenia Swiss company has spent
about $1,500,000 on several modern hotels in the regions of Karabakh.
The hotel owners in Karabakh are satisfied with the country's tax
policy. For example the manager of the "Nairi" hotel, one of the
biggest hotels in Stepanakert, Mr. Akob Bulakian, a citizen of
Australia, says that his hotel has been exempted from taxes for 3
years, and that the taxes he is paying now are half of what he pays
in Australia. The number of hotel visitors has increased by 30%
during 4 years.
To the opinion of experts, the hotel business in NKR can increase
even more after the airway, connecting Stepanakert to Yerevan, is
opened.-A-