Artsakh economy grew fourfold in the past decadeDecember 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |