Karabakh Republic registers 22-per-cent GDP growth in six months

Karabakh Republic registers 22-per-cent GDP growth in six months

Mediamax news agency
8 Aug 05

YEREVAN

The GDP of the Nagornyy Karabakh Republic [NKR] grew by 22.6 per cent
in the first half of 2005 as against the same period of 2004 totalling
20.1bn drams [38.9m dollars].

The GDP mostly grew due to the output of industry (8.4 per cent),
transport and communication (3.3 per cent) and construction (1.7 per
cent), the NKR National Statistics Service told Mediamax today.

In January-June 2005, the volume of the NKR ‘s foreign trade was
28.1bn drams [54.5m dollars], which is 18.2 per cent higher than in
the same period of the last year. Meanwhile, the volume of export was
8.8bn drams [17.1m dollars] (growth 8.5 per cent) and the volume of
import – 19.3bn drams [37.4m dollars] (growth 23.2 per cent).