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About 14% Economic Growth Expected In Karabakh Current Year

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  • About 14% Economic Growth Expected In Karabakh Current Year

    ABOUT 14 % ECONOMIC GROWTH EXPECTED IN KARABAKH CURRENT YEAR

    DeFacto Agency
    2008-10-01 15:06:00
    Armenia

    YEREVAN, 01.10.08. DE FACTO. In 2005-2007 economic growth in the
    Nagorno-Karabakh Republic made 11 % at an average.

    According to DE FACTO own correspondent in Stepanakert, NKR Minister
    of Finance Spartac Tevosian stated it at a sitting of the NKR
    government. In his words, 13, 8 % growth is expected in the Republic
    this year. An average annual growth of GNP is forecast within the
    limits of 1 4%. It should be added that 15, 7 % of GNP is currently
    ensured at the expense of economy's agrarian sector.

    The Minister of Finance said tendency of consumer prices' growth
    had been maintained during last years. In 2000-2007 it made 4, 3 %
    at an average and was conditioned by the world prices' influence.

    In 2009-2011 NKR state budget's own revenues are forecast in the
    amount of 22 milliard, 26 milliard and 30, 9 milliard drams.
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