RUSSIA WILL REMAIN INTERESTED IN THE ECONOMY OF KARABAKH?

KarabakhOpen
13-11-2007 18:43:10

"On the whole, I am dissatisfied with investments, and we have great
expectations for improvement. In order to upgrade the economy we need
major investments. Foreign investments are obstructed by the fact
that our republic has not been recognized. Most investments are made
by Diasporan Armenians living in different parts of the world. But
others also make investments. I think Russia will soon start taking
interest in different branches of the economy of Karabakh," Ara
Harutiunyan said.

According to the prime minister, an investor in Nagorno-Karabakh
can be sure that their money will generate profit, and the business
will be mutually profitable. "In NKR businesses are protected by the
government, which tried to reduce the risk to the minimum. We have
great possibilities for investments in agriculture, in processing. A
Russian investor, for instance, may be interested in the production
of canned food and organic vegetables and fruit," Ara Harutiunyan says.

With regard to export, the prime minister says Nagorno-Karabakh may
export alcohol, canned food. "Mining is a leader. Gold and copper
is produced in Drmbon which is exported to Europe. We also export
carpets. But in small amounts. It is necessary to boost the volume
of export," Ara Harutiunyan says.

The prime minister reminded that normal cooperation with the
countries of the region is impossible without the resolution of
the Nagorno-Karabakh conflict. "Presently we have no contacts with
Azerbaijan and Georgia.

Azerbaijan continues the blockade of Nagorno-Karabakh for many years
now, and tries to hinder contact with the world. But we are ready to
sustain economic ties and partnership with all the countries of the
region," he said.
From: Baghdasarian