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Economy

State Minister: 2018 will be a big year for Artsakh’s economy

On Wednesday Artsakh Republic State Minister, Arayik Harutyunyan, convened a press conference to discuss the results of activity of 2017 and the main projects of the current year.

State Minister: 2018 will be a big year for Artsakh’s economy

State Minister: 2018 will be a big year for Artsakh’s economy

STEPANAKERT, JANUARY 17, ARTSAKHPRESS:Congratulating the reporters on New Year and Christmas, the State Minister briefly summed up the economic results of the year past. He expressed confidence that 2018 will be a big year for the economy since a considerable growth is expected in all the main spheres.

“Growth in mining industry will be achieved due to considerable increase in productivity and output volume of Base Metals Company. Besides there are projects in non-metal mining industry. This year in Sarsang-Madaghis a project will be launched, within the frames of which an investment of more than 100 mln U.S. dollars will be made by local and foreign companies. As a result water reservoirs will be built, which will be exploited for electricity generation, fish breeding and tourism. In hydropower sector a number of other projects will be carried out in different regions. Important projects are envisaged for agricultural sector as well. These will include irrigation water, gardening, cultivation of grain, cattle breeding and the remaining important branches,’’ the State Minister said.


     

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