President: favorable investment environment is created in Nagorno Karabakh

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Economy

22.11.2011, 02:04

Favorable investment environment is created in Nagorno-Karabakh Republic, Karabakhi President Bako Sahakyan said Sunday at a gala event held as part of Telethon-2011 in Los Angeles.

STEPANAKERT, November 21. /ARKA/. Favorable investment environment is created in Nagorno-Karabakh Republic, Karabakhi President Bako Sahakyan said Sunday at a gala event held as part of Telethon-2011 in Los Angeles.

This environment, he said, makes it possible to establish business ties with well-known international companies.

“I have already said that Artsakh (Karabakh) is on the stable development track now,” the president’s press office quoted him as saying. “And these are not mere words. Our reforms have produced stable economic growth that significantly exceeds past years’ indicators.”

Sahakyan also said that bribery and corruption have been rooted out from some areas thanks to consistent efforts.

Pargev Martirosyan, head of Armenian Apostolic Church’s Artsakh Diocese, Grigor Hovhannisyan, consul general of Armenia in Los Angeles, David Babayan, chief of the Nagorno-Karabakh president’s press office, Robert Avetisyan, permanent representative of Nagorno-Karabakh Republic in the United States and Canada, as well as clerics, politicians, representatives of various organizations and benefactors from Armenian communities overseas were present at the event. M.V.-0----

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