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Diamond Processors To Pay License Fee

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  • Diamond Processors To Pay License Fee

    DIAMOND PROCESSORS TO PAY LICENSE FEE

    Lragir/am
    22 March 06

    The production of easily transported goods can be effective in
    Karabakh, which is in blockade. In this context diamond processing
    is one of the primary branches of the Karabakh economy.

    On March 22 the National Assembly of NKR adopted amendments to the
    NKR law on licensing. Accordingly, the owners of diamond processing
    enterprises have to get a license and pay an annual license fee of
    100 thousand drams.

    In Armenia the license fee is 1 million drams.

    There are two diamond processing factories in Karabakh; one of them was
    temporarily closed down. The export of the production is the number one
    problem of the factories because the country is not recognized. There
    is international control on the sphere, and Azerbaijan tries to prevent
    Karabakh from the international market and succeeds. The "controlling
    bodies" even have influence on those factories of Armenia which work
    with the Karabakh businesses.
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