Economic situation in NKR - more favorable than in Armenia

June 12, 2009 - 16:28 AMT
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.
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