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Hypothecary Crediting on Priviliged Terms in Qashatagh

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  • Hypothecary Crediting on Priviliged Terms in Qashatagh

    Hypothecary Crediting on Priviliged Terms in Qashatagh

    http://karabakh-open.info/en/societyen/2351-en500
    Saturday, 10 November 2012 12:48


    During his November 7 meeting with the students from Qashatagh NKR
    Prime Minister Ara Haroutyunyan held a short speech in which he spoke
    about the importance of Qashatagh region and announced that they would
    never return any of the liberated lands. The Prime Minister noted that
    he had felt such anxiety among the inhabitants of the region during
    the numerous visits he had had with them. `We seem to have managed to
    break this stereotype,' he noted and added that the region was not a
    subject of haggling but a constituting part of the NKR which we were
    obliged to develop.

    Speaking about the first 13 thousand settlers of the region he said
    that many of them had come to the region to make use of different
    social programmes after which they had left it whereas today's
    inhabitants of the region are those `who consider Qashatagh their
    native land and are ready to stay here in any case'.

    Ara Haroutyunyan informed that the government was going to promote the
    development of the region as far as possible and to contribute to the
    creation of more favourable conditions aimed at multiplying the
    sources of income of the region's inhabitants. According to the Prime
    Minister the government would have this very issue in the focus of its
    attention.

    Touching upon the improvement of housing conditions of the inhabitants
    the Prime Minister announced that along with the allocation of
    construction materials a programme of hypothecary crediting on
    privileged terms with the participation of a number of funds and banks
    will soon be practiced in the region.

    Summing up the results of the activities implemented in the region the
    Prime Minister considered them insufficient as according to them the
    financial possibilities of Artsakh do not afford to direct greater
    funds to the region whereas the reason for a lot of problems is again
    the lack of the corresponding resources.

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