Friday, 20 March 2009
RA Prime Minister Tigran Sargsyan attended the securities-placement ceremony for Artsakh HPP OJSC held at Marriott-Armenia hotel complex. The event was attended by NKR Prime Minister Ara Haroutunyan.
The placement of corporate securities is carried out by Armenbrok OJSC. Artsakh HPP OJSC intends to direct the funds so mobilized towards the construction of new HPPs in the NKR.
RA Prime Minister Tigran Sargsyan said in his speech that the event had a special meaning not only because it was taking place amidst the global financial and economic crisis, but also because it could give rise to a new tide of activity in the financial market by fostering economic recovery. The Prime Minister also spoke about the attractiveness of the project for investors and its aptitude to promote infrastructure development with the latter supposed to generate several new jobs and build economic capacity in the Nagorno Karabakh Republic.
