Karabakh Economy Development Elaborated

YEREVAN (Noyan Tapan)– "The post-war recovery of Karabakh’s economy requires more that one year–and the government has worked out a strategic program of economic development until 2010 which consists of 22 separate sub-programs of developing individual agricultural spheres," Nagorno Karabakh Republic Prime Minister Anushavan Danielian said in an interview with NKT National Television. The goal of the program is to make Karabakh a politically and economically strong state.

Danielian said that the aforementioned programs have already been launched. Special attention is being paid to the peopling of the country–the borderline regions in particular. A special program of peopling borderline villages has been elaborated. A successful implementation of the program depends on the creation of jobs. According to Danielian–up to 2,500 jobs must be created in the country yearly. 500 new jobs have recently been created on the funds allocated from the state budget.

The prime minister stressed the importance of the implementation of the energy development program in the country–which will yield a profit of $14-15 million. The program–scheduled to be launched this year–provides two large and 18 small hydro-power stations.

Among the most important programs is the development of agriculture and agro-industrial complexes. He stressed the need for the designing and the installation of an irrigation system which will meet the requiremen’s of the Karabakh agricultural sector. Five-six reservoirs are expected to be constructed for the purpose of supplying water not only to the agricultural sector–but also to the whole country.

Addressing the prospects for investmen’s in the country’s economy–Danielian pointed out that a favorable investment atmosphere and a relevant legal basis are being created. In particular–the tax burden was relieved which had a positive effect on both businessmen and the state.

Commenting on the results of his last visit to Switzerland–Italy and Hungary–Danielian pointed out that despite Baku’s repeated protests–a number of foreign companies–including–the Swiss "Frank Muller" and "Andre Group," affirmed their willingness to launch business activities in Karabakh.


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