Karabakh registered 9% economic growth in 2016: presidentJanuary 25, 2017 - 14:31 AMT PanARMENIAN.Net - Nagorno Karabakh saw nine percent growth in GDP in 2016, President Bako Sahakyan said Wednesday, January 25. Sahakyan was chairing the first Cabinet meeting of 2017. In his speech, the president weighed in on the socio-economic figures, the activities carried out, as well as accomplishments and problems tackled throughout 2016. The president underlined that the past year was quite difficult for Karabakh, the people and the economy in general. The four-day war in early April was a blow to the country's natural development, affecting almost every sector of the economy. "Despite all the difficulties, we managed to maintain the pace of economic development in 2016, positive dynamics in the main sectors and register nine percent GDP growth," he said. The president told the Cabinet of Ministers to carry out a deep analysis, paying special attention to the shortcomings registered, and undertake necessary steps to eliminate them. Speaking of the plans for 2017, Sahakyan underlined the necessity of quality performance, coordination, due implementation of duties and efficient utilization of financial means. Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. Armenia, India hold first defense consultations The meeting was attended by Indian Ambassador Nilakshi Saha Sinha and Defense Attaché Brigadier General Naveen Nijhawan. |