Economic Situation In NKR – More Favorable Than In Armenia

ECONOMIC SITUATION IN NKR – MORE FAVORABLE THAN IN ARMENIA

/PanARMENIAN.Net/
12.06.2009 15:28 GMT+04:00

/PanARMENIAN.Net/ "Economic situation in Nagorno Karabakh is more
favorable than in Armenia. The country has recorded an 18% economic
growth and 60% income growth," RA ex-premier Hrant Bagratyan told
journalists today.

After his meeting with NKR government representatives, Bagratyan
got the impression that there was practically no shadow economy or
corruption in the country. NKR has a completely different attitude to
certain issues of utmost importance. "The government system and tax
policy formed there are very steady and flexible, and that ensures
100 % tax collection," ex-premier noted.

According to Mr. Bagratyan, economic growth in Armenia is impossible
considering the small export volumes. "Armenia has to learn certain
things from Karabakh," ex-premier said.