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War Imposed By Azerbaijan Causes Huge Damage To NKR's Economy: Ghuka

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  • War Imposed By Azerbaijan Causes Huge Damage To NKR's Economy: Ghuka

    WAR IMPOSED BY AZERBAIJAN CAUSES HUGE DAMAGE TO NKR'S ECONOMY: GHUKASYAN

    Arka News Agency, Armenia
    Aug. 31, 2006

    STEPANAKERT, August 31. /ARKA/. The war imposed by Azerbaijan caused
    huge damage to the NKR's economy by destroying its almost entire
    infrastructure, NKR President Arkady Ghukasyan reported Thurdsday,
    answering the questions of readers of Azat Artsakh republic electronic
    newspaper in connection with the 15th anniversary of the NKR's
    independence.

    He said that the national economy of Karabakh in the soviet period,
    which is frequently referred to while comparing with the current
    situation, had a totally different direction; it was a planned economy
    and was fully dependent on the Azerbaijani Soviet Republic.

    That is why, after the war the NKR should have developed its economy
    in a totally different direction, starting from the very beginning.

    Ghukasyan pointed out that starting from 1995, the annual growth of the
    GDP remains at the stable level of 10%. Over this time, cash income
    of the population increased no less than eight times. In general,
    in the post-war years, 50 new schools have been built due to all
    the funding sources, and 64 schools have been repaired, more seven
    schools are still under construction.

    Over 170 km of gas pipelines of high pressure and 250 km of medium
    pressure, and also about 380 km of low pressure were launched; as a
    result, gas supply in Stepanakert, Askeran, Martuni, Shushi and 43
    villages has been completed. The full gas supply in the NKR is to be
    completed in a few years to come.

    "Over the period mentioned above, the overall length of the built
    highways has exceeded 250 km. Construction works for improvement of
    central streets 120 km long have been completed in the capital and
    regional centers of the country. The water supply infrastructure has
    been restored in more than 80 settlements," the NKR president reported.

    The president said that thanks to the establishment of an attractive
    investment climate, over the last seven years alone, the amount of
    foreign investments to the NKR exceeded $80 mln.

    "This is considerable money. However, it is not enough for a complete
    development of Karabakh economy and solution to the entire complex
    of existing social problems," the president reported.

    "Unfortunately, due to its unrecognized status, the NKR is still
    deprived of a possibility to receive investments from international
    financial structures, and that is why, we should further develop the
    private sector of economy that will allow new working places to be
    created, sustains small and medium business. The NKR top authorities
    does and do everything possible to facilitate the difficulties of
    the socioeconomic transformation that the citizens encounter at the
    current transition period," NKR president said.
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