ABOUT 14 % ECONOMIC GROWTH EXPECTED IN KARABAKH CURRENT YEAR

DeFacto Agency
2008-10-01 15:06:00
Armenia

YEREVAN, 01.10.08. DE FACTO. In 2005-2007 economic growth in the
Nagorno-Karabakh Republic made 11 % at an average.

According to DE FACTO own correspondent in Stepanakert, NKR Minister
of Finance Spartac Tevosian stated it at a sitting of the NKR
government. In his words, 13, 8 % growth is expected in the Republic
this year. An average annual growth of GNP is forecast within the
limits of 1 4%. It should be added that 15, 7 % of GNP is currently
ensured at the expense of economy’s agrarian sector.

The Minister of Finance said tendency of consumer prices’ growth
had been maintained during last years. In 2000-2007 it made 4, 3 %
at an average and was conditioned by the world prices’ influence.

In 2009-2011 NKR state budget’s own revenues are forecast in the
amount of 22 milliard, 26 milliard and 30, 9 milliard drams.