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Artsakh President Demands 9-11% Annual Economic Growth In Next 5 Yea

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  • Artsakh President Demands 9-11% Annual Economic Growth In Next 5 Yea

    ARTSAKH PRESIDENT DEMANDS 9-11% ANNUAL ECONOMIC GROWTH IN NEXT 5 YEARS

    Panorama.am
    13:50 27/09/2012

    On September 27, Artsakh Republic President Bako Sahakyan chaired the
    first meeting of the newly formed NKR Cabinet, Artsakh President's
    press service reported.

    Touching upon the work carried out by the former Cabinet, the President
    noted that overall it succeeded in realizing the outlined programs,
    which is clearly demonstrated by macroeconomic indicators of the
    2007-2012 socioeconomic development as well by the progress reported
    in nearly all sectors of economy.

    At the same time, the President noted the existence of unsolved and
    partially solved problems, drawbacks and omissions. According to the
    President, the new Cabinet should make corresponding conclusions based
    on objective evaluation of the achievements and elaborate a program
    that will ensure a qualitatively new level of solving problems the
    society faces. The President underlined that in the next five years a
    9-11% annual economic growth should be secured, adding that there are
    all necessary conditions and possibilities to realize it in practice.

    According to Bako Sahakyan, carrying out large-scale projects
    in agriculture, mining and energy spheres, which will be the key
    directions of NKR's economic development for years to come, will
    ensure stable rates of economic growth.

    In the process of securing progress in the main sectors of economy the
    President placed special emphasis on the development of science and
    education, considering as a primary task preparation of high-quality
    young specialists who should become the basis of the country's
    cadre bank.

    Marked attention will be paid to the fields of social security,
    healthcare, tourism, culture and sports. According to the President,
    extensive activities will be carried out in this direction, which
    will give a new quality impetus to the development of these important
    fields.

    The President noted that powerful and efficient army is the basis of
    all achievements, adding that the state will do keep doing everything
    to develop the armed forces.

    Bako Sahakyan noted that he is anticipating honest and hard work
    on the part of the Cabinet members, compassionate attitude towards
    the problems the state and society faces. Any other attitude is
    unacceptable and inadmissible to the President as a human being and as
    the Head of the State. According to the Artsakh Republic President,
    even though the existing problems are difficult ones, they are quite
    solvable.


    From: Baghdasarian
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