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ECONOMY & SOCIETY: NKR PRESIDENT EMPHASIZED THE IMPORTANCE OF INVESTMENTS FOR ARTSAKH'S ECONOMIC DEVELOPMENT

Date: 10-12-2005
Source: NKR President's Press Service, translation by AAA NK
Author:

Last week, a few working meetings took place at the NKR President's Office. Issues of increasing the economic efficiency of some big enterprises created thanks to the investments made in the agricultural, industrial and bank spheres, and following the schedule of their programs were discussed.

Representatives of the companies' investors, their executive directors and NKR Government members, chaired by Prime Minister Anushavan Daniyelian, participated in the meetings.

The problems existing in the major construction sphere, hypothec credits, agriculture, procession of stone and wood, and proposals on their resolution were researched.

Emphasizing the significance of involving investors in the restoration and development of the republic’s economy, the NKR President drew the attendants’ attention to the issues of putting into operation the uncompleted hotel building in the center of Stepanakert, and delaying the process of modernization of the capital’s central stadium. Expressing his dissatisfaction with the current low pace of works, he considered inadmissible any violation of the commitments assumed before the state, and any collapse of the schedule.

The President also criticized the works on using foreign investments in the agricultural sphere, and noted the necessity of involving sufficient professional potential in organizing the economic activity.

Summarizing the meetings, Arkady Ghukasian reiterated the readiness of the country’s authorities to render consultative-professional or other kind of assistance to effectively distribute the investments in the mentioned spheres, and gave corresponding instructions to the Government members, in particular, to conclude contracts with corresponding organizations and strictly control the works' execution in the fixed schedule.


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