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16.1 % Economic Growth Recorded in Artsakh

  •  NKR

During the discussions on the Republic of Artsakh 2017 annual report on the execution of the state budget held on May 16, Artsakh State Minister Arayik Harutyunyan  informed that in the first quarter of the current year, there was 16.1 percent economic growth.

The main impact on the overall indicator of economic growth was provided by the mining sector.

"Among the developing branches of economy, agriculture, mining industry and some spheres of service stand out. They are connected with information technologies and tourism. Construction works of a dozen of hydro-electric stations have been launched. It is possible to implement them by increasing the power of created infrastructures. They will provide growth, in terms of volume, both in the construction and energetic sphere,” Arayik Harutyunyan said, in particular.

"I foresee growth for this year. We have enlargement of cultivated land. We expect growth in harvesting than to the application of new technologies and installation of drip irrigation systems, while horticulture is our target. I am confident that in the upcoming years we will again record growth, since hundreds of hectares of new orchards are planted every year thank to the state policy, as well as attraction of investments," Arayik Harutyunyan said.

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