NKR PRESIDENT HELD CONSULTATIONS ON ISSUE REFERRING TO EFFECTIVENESS OF USE OF INVESTMENTS

DeFacto Agency, Armenia
Oct 4 2005

The issues referring to raising economic effectiveness of a number of
large companies established due to foreign investments in the Nagorno
Karabakh Republic (NKR) agrarian, industrial and banking sphere were
discussed in the course of the working meeting at the NKR President
Arkady Ghoukasyan.

According to De Facto own correspondent in Stepanakert the participants
of the meeting discussed the issues relevant to capital construction,
agriculture, crediting and the proposals on their solution.

Having noted the importance of foreign investments for restoration
and reestablishment of the Republic’s economy, the NKR President paid
attention to prolongation of commissioning of the hotel in the center
of Stepanakert and modernization of the city stadium.

Arkady Ghoukasyan pointed out the necessity of enlisting serious cadre
potential for the organization of economic activity. The President
stated the Republic leadership was ready to render consulting and
professional aid for effective use of investments in the above –
mentioned fields. He requested that control should be established
over timely implementation of works.

From: Emil Lazarian | Ararat NewsPress