IN 2007 REAL GROWTH OF NKR ECONOMY MADE 8, 8%

DeFacto Agency
April 16 2008
Armenia

YEREVAN, 16.04.08. DE FACTO. On April 15 the Nagorno-Karabakh
Republic government approved the bill "On Approving Annual Account
on Realization of NKR State Budget for 2007", which will be presented
to the Parliament’s consideration.

According to the information received at the NKR government’s press
office today, the Minister of Finance Spartac Tevossian stated the
state budget had been successfully implemented. In part, economy’s
real growth made 8, 8%.

In connection with the 16th anniversary of the NKR Defense Army,
Shoushi’s liberation and the Victory Day, a decision was made to grant
lump sum allowance to separate categories of citizens. Since July 1,
2008, the persons honored with "People’s" title will receive 40,
000 drams per month.

Ara Harutyunian stated the talks concerning opening a branch of the RA
Agricultural Academy in Stepanakert are being held, which, according
to the PM, would enable to widen agriculture with new qualified cadres.