ONE OF THE ISSUES EMPHASIZED
Azat Artsakh – Nagorno Karabakh Republic (NKR)
07 Jan 05
The continuity of improvement of the social and economic state of the
republic was maintained in the chief financial document of the
country, thestate budget 2005. The latter has doubled since 2001. The
dynamics of growth expressed itself in all the spheres of economy and
life of the country, including the national program of governmental
support to small and medium-size business.In market economy small and
medium-size business with its prevailing role is the important
component of economic development of NKR. Governmental support and the
program of investments will favour not only domestic but also foreign
economic relationships. It also means effectiveness of small and
medium-size business activity and improvement of competition. This
will result in significant increase of jobs, supply the spheres with
modern mechanisms and equipment on the expense of state financial
investments and accrued incomes. For the implementation of the
national program of governmental support to small andmedium-size
business 800 million drams were provided from the state budget, of
which 200 million will be provided for viticulture, cattle breeding
and acquirement of agriculture machines each. Besides, 185 million
drams will be loaned to other branches of production, services,
science and education. The program also involves the sphere of
information and creation of foreign economic relationships. For this
purpose 3 million drams will be provided for business information,
publication of information and analytical materials, web sites. 2
million drams will be provided for organization of expositions and
fairs for the purpose of stimulating foreign economic activity. 1
million drams will be provided for enabling the participation of the
personnel of the sphere of small and medium-size business in training
and qualification courses. In case of not complete expenditure of the
provided sums these will be used for other purposes. This
comprehensive program will be implemented through the foundation
`Development of Small and Medium-Size Business’.
AA.
07-01-2005