ARMENIA TO ASSIST WITH DEVELOPMENT OF CREDITING SYSTEM IN NKR
Noyan Tapan
May 15 2006
STEPANAKERT, MAY 15, NOYAN TAPAN. Under conditions that the Karabakh
conflict has not yet been settled, the competition between the sides
has moved to the economic sphere, and while operating here, one should
take into account not only economic results but also the political
sonority and psychological impact of development processes. This
idea was expressed during the May 13 meeting of the President of the
Nagorno Karabakh Republic Arkady Ghukasian with the delegations of
the Central Bank of Armenia (CBA) Board and the Union of Armenian
Banks (UAB). A conversation took place with the participation of the
delegations headed by the CBA Chairman Tigran Sargsian and the UAB
Chairman Stepan Gishian, the NKR Prime Minister Anushavan Danielian,
the NKR Minister of Finance and Economy Startak Tevosian and the
Chairman of Artsakhbank Board Kamo Nersisian. The conversation mainly
focused on the tactics of developing the crediting system in the NKR
and prospects of promoting the cooperation between the Armenian and
foreign partners in this sector. A. Ghukasian welcomed the initiative
of the Armenian banking circles to familiarize themselves with the
economy of Artsakh and to study the opportunities of cooperation. He
expressed the NKR authorities’ willingness to assist with this process.