Friday, October 11 2019 17:12
Alexandr Avanesov

State Minister: Despite hostile policy of Azerbaijan, Artsakh economy  continues to develop steadily

State Minister: Despite hostile policy of Azerbaijan, Artsakh economy  continues to develop steadily

ArmInfo. Despite the hostile  policy of Azerbaijan, the Artsakh economy continues to grow steadily.  On October 11 at the conference "Cooperation for Justice and Peace",  held in Stepanakert, State Minister of Artsakh Grigory Martirosyan  stated.

According to him, since 2000, the republic's GDP growth averaged  10.5%. And if not for Baku's attempts to isolate Artsakh, the  economic growth rate would have been much higher. But even under such  conditions, the republic lives and develops. The State Minister  stressed that the country is open and strives for regional and  international economic integration. The Armenian Diaspora makes an  invaluable contribution to the development of Artsakh.

The State Minister said that according to 2018, the GDP per  inhabitant of the republic was $ 4355; the monthly salary was more  than $ 300. Over 10 years, GDP has doubled, and patches by 40%. In  2018, the volume of foreign trade exceeded $ 555 million, with  exports of $ 202 million and imports of $ 353 million. The geography  of trade is expanding - Georgia, Iran, the UK, France, Germany,  Italy, the Baltic countries, and the United States.

Grigory Martirosyan also noted that the basis of the Artsakh economy  is mining, construction, and energy.  Since 2018 Artsakh exports  electricity, becoming a self-sufficient state. "The investment  environment of Artsakh is simple and favorable," the Minister of  State emphasized. 

POST A COMMENT
Input digits     



Commented
Search by date