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EconomyPresident: Favorable Investment Environment Is Created In Nag

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  • EconomyPresident: Favorable Investment Environment Is Created In Nag

    ECONOMYPRESIDENT: FAVORABLE INVESTMENT ENVIRONMENT IS CREATED IN NAGORNO KARABAKH

    /ARKA/
    NOVEMBER 21, 2011
    Stepanakert

    STEPANAKERT, November 21. /ARKA/. Favorable investment environment
    is created in Nagorno-Karabakh Republic, Karabakhi President Bako
    Sahakyan said Sunday at a gala event held as part of Telethon-2011
    in Los Angeles.

    This environment, he said, makes it possible to establish business
    ties with well-known international companies.

    "I have already said that Artsakh (Karabakh) is on the stable
    development track now," the president's press office quoted him as
    saying. "And these are not mere words. Our reforms have produced stable
    economic growth that significantly exceeds past years' indicators."

    Sahakyan also said that bribery and corruption have been rooted out
    from some areas thanks to consistent efforts.

    Pargev Martirosyan, head of Armenian Apostolic Church's Artsakh
    Diocese, Grigor Hovhannisyan, consul general of Armenia in Los Angeles,
    David Babayan, chief of the Nagorno-Karabakh president's press office,
    Robert Avetisyan, permanent representative of Nagorno-Karabakh Republic
    in the United States and Canada, as well as clerics, politicians,
    representatives of various organizations and benefactors from Armenian
    communities overseas were present at the event.

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