 Artsakh economy grew fourfold in the past decade December 29, 2017 - 13:48 AMT PanARMENIAN.Net - The economy of Artsakh (Nagorno Karabakh) has expanded by 3.8 times in the past 10 years, state minister Arayik Haroutyunyan said on Thursday, December 28. According to him, the GDP of about AMD70 billion tens years ago has now reached a total of AMD270 billion. The industrial output, meanwhile, grew by 2,7 times in the reporting period, while the average salary more than doubled. Also, the state minister said that the country is planning to produce 350 million kW/hr of electricity, which is by 3.8 times more that the amount produced 10 years ago.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Czech-Armenian military cooperation discussed in Yerevan  A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |
