Nagorno-karabakh government approves NKR investment policy concept
17.07.2008,
00:34
The government of the Nagorno-Karabakh Republic approved the country’s investment policy concept at its regular meeting on Tuesday.
STEPANAKERT, July 16. /ARKA/. The government of the Nagorno-Karabakh Republic approved the country’s investment policy concept at its regular meeting on Tuesday.
“The concept aims to reveal the competitive advantages, attract necessary investments and ensure economic development in the country,” NKR Minister of Economic Development Benik Babayan said.
The minister said in 2007, $210 per-capita investments were made in NKR, which has already reached $250 this year. However, this showing is still very low and needs to be raised sharply by means of targeted measures, he noted.
The Minister also said the concept reflects the country’s investment priorities and summarizes data on mineral reserves.
NKR Prime Minister Ara Harutyunyan stressed the importance of involving the NKR banking system in the implementation of the country’s economic programs.
“We are currently witnessing a positive tendency – Armenian banks opening new branches in NKR. We hope the local banking capital will be used to implement the country’s economic programs,” Harutyunyan said. According to the premier’s forecast, in 2009, NKR banks will expand their participation, especially in mortgage programs. –0--
“The concept aims to reveal the competitive advantages, attract necessary investments and ensure economic development in the country,” NKR Minister of Economic Development Benik Babayan said.
The minister said in 2007, $210 per-capita investments were made in NKR, which has already reached $250 this year. However, this showing is still very low and needs to be raised sharply by means of targeted measures, he noted.
The Minister also said the concept reflects the country’s investment priorities and summarizes data on mineral reserves.
NKR Prime Minister Ara Harutyunyan stressed the importance of involving the NKR banking system in the implementation of the country’s economic programs.
“We are currently witnessing a positive tendency – Armenian banks opening new branches in NKR. We hope the local banking capital will be used to implement the country’s economic programs,” Harutyunyan said. According to the premier’s forecast, in 2009, NKR banks will expand their participation, especially in mortgage programs. –0--
