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NKR: Flats By Hypothec Crediting

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  • NKR: Flats By Hypothec Crediting

    FLATS BY HYPOTHEC CREDITING

    Azat Artsakh Daily
    28-02-2008
    Republic of Nagorno Karabakh

    On february 26th the next session of the NKR government took place,
    convened by the NKR Prime Minister Ara Haroutyunian. Minister of
    economical development Benik Babaian represented to the executives'
    discussion a whole range of agendal questions. By the drafts of
    suggested decisions, which met with government's approval, various
    changes and additions were done in the bills and orders, conforming
    the systematization of the questions to today's requirements.

    The executive, particularly confirmed a new order of alienation
    of trade companys' property.In accordance with it an alienation
    of property is realized by auction. The means are directed to the
    NKR budget, if by the government's decision another direction is
    not foreseen.

    Changes and additions were suggested also in NKR laws "About state
    fee".

    The executive after the discussion has established a draft, according
    to which it is foreseen in NKR to prelong the period of flats'
    privatization also two years. In the government it was hoped that at
    last it would be possible to finish the delayed process in 2009.

    At the session of the NKR government an important document was
    established.An order of satisfaction of state assistance of acquiring
    flats by hypothec crediting by banks were identified.The hypothec
    program first of all will be realized in Stepanakert and district
    centres of the republic.For acquiring flats a credit will be allocated
    till a period of 20 years, by 12 % pay yearly, half of which the
    state fund will pay off.

    Just after the government's session the NKR Prime Minister Ara
    Haroutyunian convened a conference with the leaders of NKR boards
    of administration. Questions of repayment of overdue credits,
    making black arable land, increasing of productivity of boards of
    administration's work were discussed at the conference. The Prime
    Minister gave concrete assignments to the executives of regions,
    appealed them to act more purposeful.
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