|
Major Investments in the NKR Economy (1999-2002)
|
Name
|
Investment
|
Jobs Created
|
Activity Sphere
|
Country
|
|
Investments From Foreign Countries
|
| Karabakh Telecom Co. |
$15,000,000 |
30 |
Telecommunications |
Lebanon |
| ATA-Vank-Les Co. |
$1,500,000 |
120 |
Parket tile production |
USA |
| Sirkap Armenia Co. |
$1,500,000 |
50 |
Hotel business |
Switzerland |
| Haik Watch and Jewelry Co. |
$1,200,000 |
118 |
Jewelry production |
Switzerland |
| ArtsakhBank Co. |
$1,000,000 |
|
Banking |
Switzerland |
| Sirkap Armenia Co. |
$650,000 |
85 |
Construction material production |
Switzerland |
| Iceberg-A |
$500,000 |
9 |
Refrigeration |
Russia |
| Arvard Co. |
$380,000 |
37 |
Dairy production |
USA |
| Shishmanian Ltd. |
$350,000 |
20 |
Food processing, pasta production |
Monaco |
| Andranik Shpon Co. |
$340,000 |
25 |
Wood processing |
Switzerland |
| Mika Ltd. |
$287,000 |
|
Wine making |
U.K. |
| Australia Nairi Ltd. |
$200,000 |
17 |
Hotel business |
Australia |
| Yerkir Tour Co. |
$200,000 |
19 |
Hotel business |
USA |
| Sasun Co. |
$123,000 |
12 |
Polyethilene pipe production |
Iran |
| Minasian Co. |
$100,000 |
35 |
Carpet production |
USA |
| Oil Cracking Co. |
$100,000 |
20 |
Oil refinery |
Russia |
| Artsakh Gorg Ltd. |
$50,000 |
45 |
Carpet production |
USA |
| Stepanakert Bread Factory Co. |
$26,000 |
|
Bakery, pasta production |
USA |
| SUBTOTAL |
$23,506,000 |
642 |
|
|
|
Investments From Armenia
|
| Base Metals Ltd. |
$10,000,000 |
320 |
Metal mining |
Armenia |
| ArtsakhCable Co. |
$500,000 |
23 |
Cable production |
Armenia |
| Nairi Ltd. |
$442,600 |
150 |
Wine making |
Armenia |
| Lusakert Ltd. |
$300,000 |
150 |
Poultry production |
Armenia |
| ArmTechnoMashExport Co. |
$203,600 |
|
Medicinal tea production |
Armenia |
| Max Wood Ltd. |
$144,300 |
40 |
Wood processing |
Armenia |
| SUBTOTAL |
$11,590,500 |
683 |
|
|
|
Local Investments
|
| Artsakh Alco CO. |
$1,500,000 |
96 |
Wine, vodka and spirit production |
NKR |
| Shoe Factory Co. |
$494,300 |
114 |
Apparel production |
NKR |
| Varanda Co. |
$260,000 |
30 |
Barrel production |
NKR |
| Urartu |
$160,000 |
70 |
Diamond polishing |
NKR |
| GF Ltd. |
$130,000 |
18 |
Furniture production |
NKR |
| Arj Co. |
$85,000 |
25 |
Canned food production |
NKR |
| Dvin Ltd. |
$70,000 |
18 |
Poultry production |
NKR |
| Narek Co. |
$46,000 |
29 |
Canned food production |
NKR |
| SUBTOTAL |
$2,745,300 |
400 |
|
|
| TOTAL |
$37,841,800 |
1,725 |
|
|
NKR ECONOMY PRIORITY DEVELOPMENT AREAS
- Agriculture (grains, grapes, cattle farming).
- Processing of agricultural products
- Food processing, light industry
- Mining, processing of natural resources
(coal, natural crystal, gold, silver, copper, sulfur, mercury, zinc,
etc.)
- Jewelry making and diamond processing
- Information Technologies
- Construction of mini hydropower plants, energy
development
- Restoration and development of the irrigation system
- Tourism
|
