Thursday, February 8 2018 11:55
Tatevik Shahunyan

NKR State Minister: Trust  and confidence of investors is the formula of Artsakh economy`s success.

NKR State Minister: Trust  and confidence of investors is the formula of Artsakh economy`s success.

ArmInfo. Artsakh is a republic with a stable and dynamically developing economy, which is clearly reflected in the country's two-digit economic indicators over the past 10 years, and this is in view of the fact that Nagorno-Karabakh was not an economically developed region in Soviet times, and after the war we had to start from scratch.

Araik Harutyunyan, the State Minister of the Nagorno Karabakh Republic, stated this in a conversation with ArmInfo correspondent, stressing that as a result of hard and hard work he managed to put the republic on stable development routes. "Our further plans are also ambitious, and we are not going to further reduce the pace of development, of course, the focus is on energy, mining, agriculture, construction, which has made a significant contribution to double-digit economic growth, said the state minister, stressing that tourism has been developing well in recent years.

As a result, he noted,the  GDP per capita rate for today iis estimated at about $ 4 thousand. "This, of course, is not bad indicator, but we do not intend to stop there, we set a much higher bar. Artsakh should become a country attractive for citizens in the social and economic terms, "Harutyunyan stressed.

The high growth rate of the republic, the state minister, first of all, explained by the disclosure of unused economic potential in various spheres, primarily in the energy and mining industries. "Well, importantly, we carried out an effective policy to stimulate investment, despite a number of serious obstacles, now large investment projects are being implemented in Artsakh, foreign businessmen are investing in the economy of the republic as an Armenian nationality, and, not least, Armenians. Also, entrepreneurs from Armenia invest in the economy of the republic, so the investment geography of Artsakh is very wide, "he stressed, adding that the most favorable conditions were created for investors in Artsakh conditions that are in the state assistance to entrepreneurs. According to the state minister, the main incentive for investors is trust and confidence. "This is the formula for our success in this area, and as a result of an investment of $ 470 million over the past 10 years," concluded Araik Harutyunyan.

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