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  • One Of The Issues Emphasized

    ONE OF THE ISSUES EMPHASIZED

    Azat Artsakh - Nagorno Karabakh Republic (NKR)
    07 Jan 05

    The continuity of improvement of the social and economic state of the
    republic was maintained in the chief financial document of the
    country, thestate budget 2005. The latter has doubled since 2001. The
    dynamics of growth expressed itself in all the spheres of economy and
    life of the country, including the national program of governmental
    support to small and medium-size business.In market economy small and
    medium-size business with its prevailing role is the important
    component of economic development of NKR. Governmental support and the
    program of investments will favour not only domestic but also foreign
    economic relationships. It also means effectiveness of small and
    medium-size business activity and improvement of competition. This
    will result in significant increase of jobs, supply the spheres with
    modern mechanisms and equipment on the expense of state financial
    investments and accrued incomes. For the implementation of the
    national program of governmental support to small andmedium-size
    business 800 million drams were provided from the state budget, of
    which 200 million will be provided for viticulture, cattle breeding
    and acquirement of agriculture machines each. Besides, 185 million
    drams will be loaned to other branches of production, services,
    science and education. The program also involves the sphere of
    information and creation of foreign economic relationships. For this
    purpose 3 million drams will be provided for business information,
    publication of information and analytical materials, web sites. 2
    million drams will be provided for organization of expositions and
    fairs for the purpose of stimulating foreign economic activity. 1
    million drams will be provided for enabling the participation of the
    personnel of the sphere of small and medium-size business in training
    and qualification courses. In case of not complete expenditure of the
    provided sums these will be used for other purposes. This
    comprehensive program will be implemented through the foundation
    `Development of Small and Medium-Size Business'.

    AA.
    07-01-2005
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