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8.8% Economic Growth In NKR In 2007

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  • 8.8% Economic Growth In NKR In 2007

    8.8% ECONOMIC GROWTH IN NKR IN 2007

    ARKA
    May 4, 2008

    STEPANAKERT, May 4. /ARKA/. 8.8% economic growth was recorded in
    the Nagorno-Karabakh Republic in 2007. The country's GDP reached
    70.8bln AMD.

    Presenting a 2007 report to the NKR Parliament, NKR Deputy Minister
    of Finance Never Baghdasaryan said that industrial output reached
    22.4bln AMD in 2007 - a 6.4% increase as compared with 2006. 20.8bln
    AMD capital construction was carried out in the NKR last year -
    an 18.2% increase.

    Baghdasaryan reported that over 1,500 jobs were created in the
    NKR last year, mostly in the country's education, industrial and
    management sectors.

    The average monthly salary was 68,610 AMD. The NKR population's
    incomes in creased by 19.3% and expenses by 18.4% in 2007 as compared
    with 2006.

    The NKR Parliament is discussing the execution of the NKR state budget
    for 2007. The Parliament's standing commissions and deputy factions
    are to continue discussing the document until May 7.
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