STEPANAKERT. – The stable inter-political situation and radical tax reform have increased the attractiveness of Karabakh for foreign investors. Karabakh Minister of Economy Andranik Khachatryan told the aforementioned to Armenian News – NEWS.am.
According to him, the average volume of attracted investments makes up nearly 10 percent of the overall volume of investments. Over 160 companies with foreign participation have been registered.
“Industry and the sphere of communication can stand out as separate areas of foreign capital investment. Moreover, if at the initial stage of economy formation, investors entered the market as founders of new companies, the tendency of creating more joint enterprises has recently been observed: foreign investments are attracted in the process of expanding the already operating local companies,” the Minister said.