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Economic Situation In NKR - More Favorable Than In Armenia

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  • Economic Situation In NKR - More Favorable Than In Armenia

    ECONOMIC SITUATION IN NKR - MORE FAVORABLE THAN IN ARMENIA

    /PanARMENIAN.Net/
    12.06.2009 15:28 GMT+04:00

    /PanARMENIAN.Net/ "Economic situation in Nagorno Karabakh is more
    favorable than in Armenia. The country has recorded an 18% economic
    growth and 60% income growth," RA ex-premier Hrant Bagratyan told
    journalists today.

    After his meeting with NKR government representatives, Bagratyan
    got the impression that there was practically no shadow economy or
    corruption in the country. NKR has a completely different attitude to
    certain issues of utmost importance. "The government system and tax
    policy formed there are very steady and flexible, and that ensures
    100 % tax collection," ex-premier noted.

    According to Mr. Bagratyan, economic growth in Armenia is impossible
    considering the small export volumes. "Armenia has to learn certain
    things from Karabakh," ex-premier said.
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