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NKR PM predicts investment increase in Artsakh in the coming years

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  • NKR PM predicts investment increase in Artsakh in the coming years

    Prime Minister of NKR predicts investment increase in Artsakh in the
    coming years

    12:31, 4 May, 2013


    STEPANAKERT, MAY 4, ARMENPRESS. Increase in investments at the range
    of 35-37 % of GDP is expected in Artsakh in the coming years. Ara
    Harutyunyan - the Prime Minister of the Nagorno Karabakh Republic
    announced this in a meeting with students mentioning that particular
    increase in investments and improvement of economic performance are
    expected in mining, but for the country economy not to depend on a
    single branch of industry, it is planned to implement measures in
    other branches as well.

    To Harutyunyan's mind agriculture is the sphere which - parallel to
    mining - will play a primary role in the development of the economy of
    Artsakh. ''The developments of economy will affect the change of
    another indicator - the increase in export in the external trade
    circulation. Part of the products which are imported are meant to
    substitute for local products,'' the Prime Minister of the Nagorno
    Karabakh Republic said.

    Ara Harutyunyan - touching upon the performance of previous five years
    - mentioned that they managed to ensure at average 10 % of economic
    growth per year and it is predicted to maintain that performance for
    the coming 5 years and to ensure economic growth of 9-11 % per year at
    an average rate.


    From: Baghdasarian
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