12/06/2009 19:24
Hrant Bagratyan: NKR economy shows positive dynamics
«Nagorno-Karabakh has hit 18% growth in the first quarter this year, while in Armenia 10% decline was recorded,» Armenia’s former PM Hrant Bagratyan said when referring to his impressions over Nagorno-Karabakh visit.
According to him, the state revenues of NKR budget have grown for 60%, though even 50% economic growth cannot be considered a growth without export.
According to H. Bagratyan, this shows NKR has positive dynamics, anyway. As he said, in case of Karabakhi 22 billion AMD budget and GDP of as much as 103 billion AMD this means that it collects 21-22% of taxes, whereas in
Armenia this makes 28%, though the tax rates are higher.
Bagratyan said, 53% of Armenian economy is in shadow, whereas in NKR shadow makes 6-8% only.