Lebanese-Armenian Business Delegation Visits Kashatagh; Investments

Anahit Danielyan

2009/08/10 | 15:30

Nagorno Karabakh economy

Today, NKR Prime Minister Arayik Harutyunyan met with representatives
of Lebanon’s "ArtsakhFund" and a group of Lebanese-Armenian
businessmen. The foreign delegations are in Karabakh to get acquainted
with the investment climate and to carry out some specific projects
to develop the economy in Kashatagh.

The Lebanese-Armenian businessmen, heading the suggestion of PM
Harutyunyan to launch a livestock distribution program in Kashatagh,
toured the area and met with local residents to get a better idea of
how such a project might best be realized. In their meeting with the
prime minister they offered their suggestions and concerns.

PM Harutyunyan told the visiting businessmen that the program would
be carried out jointly by the "ArtsakhFund" and the NKR Ministry of
Agriculture’s "Village and Agriculture Assistance Foundation".

"The government will carry the full weight of the risk by guaranteeing
a total return of the loans," PM Harutyunyan stated.

During the meeting, it was suggested that the program start small
and gradually grow in scope.