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Economy of the Republic of Artsakh

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2010 and also “Mataghis-1” and “Mataghis-2” in 2011. The realization of the given energetic program would give the chance to produce additional 120 million kwt/h of the electric power. By 2012 this would almost completely satisfy the requirements of the republic for the electric power, which would rise by then to 300 million kwt/h.
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In recent years a Lebanese-funded phone operator company "Karabakh Telecom" was launched. Total profit from communication services has increased 12.8 percent since 2008. The telecommunications sector was developed with Karabakh Telecom investing millions of dollars in mobile telephony, spearheaded by
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to buy the shares of "Artsakh HEPS" and to invest in NKR economy, saying that its security and future relies on its economic growth and economic self-sufficiency. Plans included the construction of two more mini-hydro-electric power stations on the same river – “Trghe-2 and “Trghe-3” by the end of
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increased only by 34% during this period, which implies a real growth of about 60% in GDP during the six years 2001–2007. In 2007, agriculture accounted for 16% of GDP, manufacturing industries 15%, construction 9%, and the service sector 57%. The share of agriculture in GDP went down from 33% in
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Wine growing and processing of agricultural products, particularly wine (i.e., storage of wine, wine stuff, cognac alcohol) is one of the prioritized directions of the economic development. The region is known for wine-making since ancient times, especially the southern part, where the Artsakh
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The sector is growing dynamically. As of September 1, 2010, the volume of deposits made AMD 38,664.1 mln. (~USD 107 mln.), which is 33.1% more, as compared to the level of January 1, 2010. As compared to January 1, 2010, the volume of credits issued by commercial banks increased by 28.3%.
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reached $ 114 million in 2005, double the figure in 2001, registering economic growth of 14% (in current prices) in 2005, and in 2009 it registered a GDP of $ 260 million, which increased to $ 320 million by 2010. Nagorno-Karabakh's GDP (PPP) for 2010 was estimated at $ 1.6 billion.
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deposit. Approximately 27-28 thousand tons (wet weight) of concentrates are produced with average copper content of 19-21% and gold content of 35-55 g/t. The mine is one of the biggest taxpayers of Nagorno-Karabakh and employs 1200 workers of which 65% are local citizens.
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was small, but rapidly growing. The economy of Karabakh showed a relatively quick and confident recovery from the 1991-1994 war. In 1999, the GDP figure was $ 59 million, 80 percent down on the figure in Soviet times. Yet, the
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vineyards are mainly found. It is home to the Khndoghni/Sireni grape variety. The climate of the region combined with its fertile soil allows to produce a unique variety of grapes, at an average height of 800 meters above
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One of Nagorno-Karabakh's most eye-catching pieces of infrastructure is the $ 15 million Goris-Stepanakert road, built right after the 1991-1994 war ended by funding from the Armenian diaspora. This road through the
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has been operational since 1996 and has branches in Stepanakert and throughout various locations in Nagorno-Karabakh. It employs 243 people. Some of the leading Armenian banks also have branches in Nagorno Karabakh.
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tourism, agriculture, animal husbandry, gold mining, copper mining, electricity production, construction, road construction, diamond-processing, telecommunications, knitted wear, distillery, banking
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stations in Nagorno-Karabakh. The name of the new electric energy company was "Artsakh HEK”, which already had a base capital of $ 5mln on the day of its inauguration. Prime Minister of Armenia,
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With these new power plants NKR hoped to become not only self-sufficient in terms of its electricity production, but also a net exporter of electric energy.
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According to official estimates of the Nagorno-Karabakh Statistical Service, the GDP in current (market) prices increased by 116% between 2001 and 2007. The
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deposit. Approximately 27–28 thousand tons (wet weight) of concentrates are produced with average copper content of 19–21% and gold content of 32–34 g/t.
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NKR government has been a recipient of financial aid from the United States ($ 8 mln in 2010) and Armenia ($ 30 mln).
518:. Many wine karases (jugs) dating back to the 7th century, were found in the archaeological sites near the village of 1503: 1189: 1418: 807: 1264: 1214: 1138: 1082: 752: 2279: 1438: 882: 1027: 1322: 321: 2079: 1817: 1710: 1523: 1347: 392:
Now the construction of the 168 km "North-South" highway at a cost of only $ 25 million, which connects
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Most investments were in telecoms, gold mining, diamond polishing, jewelry and agriculture. In the
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Copper and gold mining has been advancing since 2002 with development and launch of operations at
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Copper and gold mining has been advancing since 2002 with development and launch of operations at
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2002 to 16% in 2007, while the share of manufacturing and services increased correspondingly.
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Armenian Diaspora has also been instrumental in providing some financial assistance through
2284: 2194: 2099: 2059: 2049: 1905: 1781: 1600: 1240: 1107: 337:, which was constructed during the Soviet times. The government hoped to build a number of 266: 233: 8: 2243: 2094: 1859: 1801: 1786: 1733: 1680: 1675: 1650: 1508: 416: 258: 21: 1771: 550: 2189: 1900: 1868: 1705: 1655: 1615: 1568: 1563: 1553: 1538: 1533: 1528: 1513: 1498: 1493: 1483: 1478: 1473: 1468: 1291:"Republic of Nagorno-Karabakh: Process of State Building at the Crossroad of Centuries" 707: 557:, was also active in Artsakh. The factory produces a variety of cognac under the brand 1164: 1006: 2199: 2025: 1890: 1796: 1738: 1700: 1690: 1670: 1660: 1645: 1640: 1620: 1590: 1558: 1543: 1518: 1454: 1297: 361: 298: 2184: 1920: 1685: 1610: 1580: 728: 650: 634: 527: 401: 393: 353: 334: 1995: 1403: 913: 830: 811: 467: 450:(the state bank) and a number of Armenian banks. The republic primarily uses the 389:
is the only one that connects the region with Armenia and the rest of the world.
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Up until recently Nagorno-Karabakh Republic was known to operate at least one
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NKR meets the Global Crisis: Economy of Karabakh in need of assistance
1061: 886: 30: 2227: 515: 163: 1423: 1326: 649:, which produces a variety of wine, the Tnjri-2000" Cooperative, in 1895: 1828: 658: 291: 1351: 930: 917: 618: 598: 349: 184: 167: 907:
Armenian, Karabakh Governments Inaugurate Hydro-electric Station
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inaugurated "Trghe-1" - the first in series of long anticipated
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and founded in 2011. The airline never operated any flights.
294: 1376: 847:, National Statistical Service of Nagorno-Karabakh Republic 749:"Karabakh President on economic growth and future projects" 534:. The company produces a variety of cognac under the brand 475: 305:), commercially produced and exported under the brand name 505: 345: 254: 371: 573:. Kataro Winery of Anush-1 Company, opened in 2010 in 712: 1165:"Drmbon mines become biggest taxpayer in Karabakh" 1054:"Volumes of credits and deposits increased in NKR" 844:Statistical Yearbook of Nagorno-Karabakh 2002-2007 1190:"Base Metals LLC - Human and Technical Resources" 824:Nagorno-Karabakh: ‘There is no going back for us’ 466:Nagorno-Karabakh is rich in natural resources of 2314: 1241:"Statistical Yearbook of NKR 2002–2008, p. 169" 1108:"Statistical Yearbook of NKR 2002-2008, p. 169" 805:Karabakh hopes for recognition — from investors 800: 798: 796: 794: 549:The Artsakh Brandy Company, opened in 1998 in 1844: 1439: 833:, by Thomas Cromwell on DiplomaticTraffic.com 791: 688:as well as direct micro-assistance schemes. 232:All values, unless otherwise stated, are in 1911:Liberation struggle of Artsakh of 1724–1731 597:. Other producers include Askeran Wine, in 1851: 1837: 1446: 1432: 1162: 641:wine, the Hayrapetyan Brothers Winery, in 411:The region had an inactive airline called 29: 1051: 605:, for wine and vodka, Aragil Winery, in 504: 426: 375: 344:On 12 April 2010 the prime ministers of 320: 1419:Government of Nagorno-Karabakh Republic 1217:. Bm.am. 7 October 2002. Archived from 2315: 446:The banking system is administered by 309:by the Artsakh-Alco Brandy Company in 2120:State Service of Emergency Situations 1926:Armenian–Azerbaijani War of 1918–1920 1832: 1453: 1427: 1323:"Stepanakert Brandy Factory products" 836: 1961:Exodus of Nagorno-Karabakh Armenians 1858: 629:wine and vodka, Lia Cooperative, in 372:Road construction and infrastructure 1350:. Artsakh-brandy.am. Archived from 1005:. Ardshininvestbank. Archived from 325:Trghi-1 hydroelectric power station 13: 2323:Economy of the Republic of Artsakh 2105:President of the National Assembly 1931:Nagorno-Karabakh Autonomous Oblast 542:, and fruit vodka under the brand 500: 290:Nagorno-Karabakh is known for its 250:economy of the Republic of Artsakh 108:agriculture (16%) (2007 est.) 14: 2339: 1412: 458:is also considered legal tender. 1325:. Stepbrandy.com. Archived from 722: 339:small hydroelectric power plants 122:2,567 unemployed (2013 est) 72:$ 716.8 million (2019 est.) 1390: 1365: 1340: 1315: 1283: 1257: 1233: 1207: 1182: 1171:from the original on 2016-03-04 1156: 1131: 1120:from the original on 2012-04-02 1100: 1075: 1045: 1020: 995: 970: 945: 864:from the original on 2019-12-24 780:from the original on 2020-10-09 755:from the original on 2020-10-09 672: 561:, fruit brandy under the brand 1916:Khamsa / Melikdoms of Karabakh 923: 900: 875: 850: 817: 766: 741: 1: 980:. Artsakhbank. Archived from 955:. Artsakhbank. Archived from 883:"Artsakh-Alco Brandy Company" 735: 585:. The Mika-Hadrut Winery, in 482:and other natural resources. 360:called on the public and the 104:manufacturing industry (15%), 1941:1991 independence referendum 1030:. Araratbank. Archived from 682:"Hayastan" All-Armenian Fund 617:wine, Balasanyan Winery, in 569:, and vodka under the brand 7: 2085:Ministry of Internal Affair 1946:Second Nagorno-Karabakh War 1886:Artsakh (historic province) 1375:. Kataro.am. Archived from 1265:"Base Metals LLC – Product" 1215:"Base Metals LLC – History" 1139:"Base Metals LLC - Product" 1083:"Base Metals LLC - History" 978:"Head Office/Branches/ATMs" 691: 10: 2344: 1956:2023 Azerbaijani offensive 1936:First Nagorno-Karabakh War 526:with branches in Yerevan, 431:10 Dram banknote from 2004 422: 380:Vardenis-Martakert Highway 2297: 2257: 2249:Armenian Apostolic Church 2236: 2215: 2170: 2163: 2141: 2132: 2045: 2038: 1976: 1969: 1867: 1810: 1762: 1724: 1461: 1163:Armenpress (2005-11-16). 461: 316: 302: 246:2020 Nagorno-Karabakh war 229: 221: 213: 208: 198: 190: 178: 157: 149: 144: 134: 126: 112: 96: 86: 76: 66: 61: 49: 37: 28: 1981:Administrative divisions 1348:"Artsakh Brandy Company" 858:"Artsakh mulberry vodka" 684:, Monte Melkonian Fund, 92:$ 4,779 (2019 est.) 1267:. Bm.am. Archived from 1052:Mediamax (2010-09-07). 931:"Karabakh Telecom site" 686:Artsakh Investment Fund 565:, wine under the brand 538:, wine under the brand 283:, which was founded in 2270:Armenian eternity sign 1504:Bosnia and Herzegovina 510: 432: 381: 326: 174:, alcohol, electricity 933:. Karabakhtelecom.com 508: 430: 379: 324: 130:4.0% (2013 est.) 2285:We Are Our Mountains 2050:Artsakh Defence Army 1906:Province of Karabakh 408:a Lebanese company. 267:Consumer Price Index 217:$ 186 million (2016) 200:Main import partners 180:Main export partners 118:64,987 total (2013), 2328:Economies of Europe 2080:Ministry of Defence 1725:States with limited 1303:on 11 November 2011 417:Stepanakert Airport 259:Republic of Artsakh 225:$ 38 million (2009) 25: 1901:Kingdom of Artsakh 1891:Satrapy of Albania 1455:Economy of Europe 1402:2020-07-28 at the 1271:on 17 January 2012 912:2020-07-29 at the 829:2020-07-28 at the 810:2011-06-13 at the 708:Economy of Armenia 511: 433: 382: 327: 106:construction (9%), 18: 2310: 2309: 2293: 2292: 2200:Armenian language 2159: 2158: 2128: 2127: 2090:National Assembly 2065:Foreign relations 2034: 2033: 2026:Sarsang Reservoir 1826: 1825: 637:, which produces 333:power plant near 242: 241: 222:Economic aid 2335: 2168: 2167: 2139: 2138: 2043: 2042: 1974: 1973: 1921:Karabakh Khanate 1879: 1853: 1846: 1839: 1830: 1829: 1763:Dependencies and 1462:Sovereign states 1448: 1441: 1434: 1425: 1424: 1407: 1394: 1388: 1387: 1385: 1384: 1369: 1363: 1362: 1360: 1359: 1344: 1338: 1337: 1335: 1334: 1319: 1313: 1312: 1310: 1308: 1302: 1295: 1287: 1281: 1280: 1278: 1276: 1261: 1255: 1254: 1252: 1250: 1245: 1237: 1231: 1230: 1228: 1226: 1221:on 18 April 2012 1211: 1205: 1204: 1202: 1201: 1192:. Archived from 1186: 1180: 1179: 1177: 1176: 1160: 1154: 1153: 1151: 1150: 1141:. Archived from 1135: 1129: 1128: 1126: 1125: 1119: 1112: 1104: 1098: 1097: 1095: 1094: 1085:. Archived from 1079: 1073: 1072: 1070: 1069: 1060:. Archived from 1049: 1043: 1042: 1040: 1039: 1024: 1018: 1017: 1015: 1014: 1003:"Branch Network" 999: 993: 992: 990: 989: 974: 968: 967: 965: 964: 949: 943: 942: 940: 938: 927: 921: 920:, 12 April 2010. 904: 898: 897: 895: 894: 885:. Archived from 879: 873: 872: 870: 869: 854: 848: 840: 834: 821: 815: 802: 789: 788: 786: 785: 770: 764: 763: 761: 760: 745: 727: 726: 718: 665:, known for its 635:Martakert Region 625:, known for its 613:, known for its 474:metals, such as 311:Askeran District 304: 194:$ 353,007 (2018) 153:$ 202,050 (2018) 120:62,420 employed, 33: 26: 24: 17: 2343: 2342: 2338: 2337: 2336: 2334: 2333: 2332: 2313: 2312: 2311: 2306: 2289: 2253: 2232: 2211: 2155: 2146:Dram (currency) 2124: 2075:Law enforcement 2030: 1996:Lesser Caucasus 1965: 1873: 1872: 1863: 1857: 1827: 1822: 1806: 1764: 1758: 1744:Northern Cyprus 1726: 1720: 1636:North Macedonia 1457: 1452: 1415: 1410: 1404:Wayback Machine 1395: 1391: 1382: 1380: 1373:"Kataro Winery" 1371: 1370: 1366: 1357: 1355: 1346: 1345: 1341: 1332: 1330: 1321: 1320: 1316: 1306: 1304: 1300: 1293: 1289: 1288: 1284: 1274: 1272: 1263: 1262: 1258: 1248: 1246: 1243: 1239: 1238: 1234: 1224: 1222: 1213: 1212: 1208: 1199: 1197: 1188: 1187: 1183: 1174: 1172: 1161: 1157: 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93: 90: 88:GDP per capita 87: 84: 83: 80: 77: 74: 73: 70: 64: 63: 59: 58: 55: 50: 47: 46: 39: 35: 34: 9: 6: 4: 3: 2: 2340: 2329: 2326: 2324: 2321: 2320: 2318: 2303: 2300: 2299: 2296: 2286: 2283: 2281: 2278: 2276: 2273: 2271: 2268: 2266: 2263: 2262: 2260: 2256: 2250: 2247: 2245: 2242: 2241: 2239: 2235: 2229: 2226: 2224: 2221: 2220: 2218: 2214: 2208: 2205: 2201: 2198: 2197: 2196: 2193: 2191: 2188: 2186: 2183: 2181: 2178: 2176: 2173: 2172: 2169: 2166: 2162: 2152: 2149: 2147: 2144: 2143: 2140: 2137: 2135: 2131: 2121: 2118: 2116: 2113: 2111: 2108: 2106: 2103: 2101: 2098: 2096: 2093: 2091: 2088: 2086: 2083: 2081: 2078: 2076: 2073: 2071: 2068: 2066: 2063: 2061: 2058: 2056: 2053: 2051: 2048: 2047: 2044: 2041: 2037: 2027: 2024: 2022: 2019: 2017: 2014: 2012: 2009: 2007: 2004: 2002: 1999: 1997: 1994: 1992: 1989: 1987: 1984: 1982: 1979: 1978: 1975: 1972: 1968: 1962: 1959: 1957: 1954: 1952: 1949: 1947: 1944: 1942: 1939: 1937: 1934: 1932: 1929: 1927: 1924: 1922: 1919: 1917: 1914: 1912: 1909: 1907: 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1470: 1467: 1466: 1464: 1460: 1456: 1449: 1444: 1442: 1437: 1435: 1430: 1429: 1426: 1420: 1417: 1416: 1405: 1401: 1398: 1393: 1379:on 2017-09-25 1378: 1374: 1368: 1354:on 2018-01-28 1353: 1349: 1343: 1329:on 2017-12-11 1328: 1324: 1318: 1299: 1292: 1286: 1270: 1266: 1260: 1242: 1236: 1220: 1216: 1210: 1196:on 2019-11-07 1195: 1191: 1185: 1170: 1166: 1159: 1145:on 2012-01-17 1144: 1140: 1134: 1116: 1109: 1103: 1089:on 2012-04-18 1088: 1084: 1078: 1064:on 2015-01-04 1063: 1059: 1055: 1048: 1034:on 2013-08-08 1033: 1029: 1023: 1009:on 2015-04-23 1008: 1004: 998: 984:on 2012-03-15 983: 979: 973: 959:on 2012-03-15 958: 954: 953:"Our History" 948: 932: 926: 919: 915: 911: 908: 903: 889:on 2009-10-25 888: 884: 878: 863: 859: 853: 846: 845: 839: 832: 828: 825: 820: 813: 809: 806: 801: 799: 797: 795: 779: 775: 769: 754: 750: 744: 740: 730: 725: 720: 719: 716: 709: 706: 704: 701: 699: 696: 695: 689: 687: 683: 678: 670: 668: 664: 660: 656: 652: 648: 644: 640: 636: 632: 628: 624: 620: 616: 612: 608: 604: 600: 596: 592: 591:Hadrut Region 588: 584: 580: 579:Hadrut Region 576: 572: 568: 564: 560: 556: 552: 547: 545: 541: 537: 533: 529: 525: 521: 517: 507: 498: 496: 491: 488: 483: 481: 477: 473: 472:semi-precious 469: 459: 457: 453: 452:Armenian dram 449: 444: 440: 437: 429: 420: 418: 414: 409: 405: 403: 399: 395: 390: 388: 378: 369: 366: 363: 359: 355: 351: 347: 342: 340: 336: 332: 331:hydroelectric 323: 314: 312: 308: 300: 296: 293: 288: 286: 282: 281: 276: 271: 268: 263: 260: 256: 251: 247: 237: 235: 228: 224: 220: 216: 212: 207: 203: 197: 193: 189: 186: 183: 177: 173: 169: 165: 162: 156: 152: 148: 143: 139: 133: 129: 125: 117: 111: 101: 98:GDP by sector 95: 91: 85: 81: 75: 71: 69: 65: 60: 57:Calendar year 56: 53: 48: 44: 40: 36: 32: 27: 23: 16: 2275:Coat of arms 2223:Demographics 2216:Demographics 2175:Architecture 2133: 2055:Constitution 1754:Transnistria 1716:Vatican City 1392: 1381:. Retrieved 1377:the original 1367: 1356:. Retrieved 1352:the original 1342: 1331:. Retrieved 1327:the original 1317: 1305:. Retrieved 1298:the original 1285: 1273:. Retrieved 1269:the original 1259: 1247:. Retrieved 1235: 1223:. Retrieved 1219:the original 1209: 1198:. Retrieved 1194:the original 1184: 1173:. Retrieved 1158: 1147:. Retrieved 1143:the original 1133: 1122:. Retrieved 1102: 1091:. Retrieved 1087:the original 1077: 1066:. Retrieved 1062:the original 1057: 1047: 1036:. Retrieved 1032:the original 1022: 1011:. Retrieved 1007:the original 997: 986:. Retrieved 982:the original 972: 961:. Retrieved 957:the original 947: 935:. Retrieved 925: 902: 891:. Retrieved 887:the original 877: 866:. Retrieved 852: 843: 838: 819: 782:. Retrieved 768: 757:. Retrieved 743: 703:Artsakh dram 679: 676: 673:External aid 666: 643:Karmir Shuka 638: 626: 614: 594: 582: 570: 566: 562: 558: 548: 543: 539: 535: 532:Karmir Shuka 512: 492: 484: 465: 456:Artsakh dram 454:, while the 445: 441: 434: 410: 406: 391: 383: 367: 343: 328: 306: 289: 280:Azat Artsakh 278: 275:Soviet Union 272: 264: 249: 243: 231: 159:Export goods 127:Unemployment 114:Labour force 15: 2011:Khachinchay 1986:Settlements 1792:Isle of Man 1727:recognition 1696:Switzerland 1631:Netherlands 698:Artsakhbank 645:village of 577:village of 553:village of 524:Stepanakert 448:Artsakhbank 436:ArtsakhBank 413:Artsakh Air 398:Stepanakert 285:Stepanakert 244:Before the 52:Fiscal year 45:= 100 louma 19:Economy of 2317:Categories 2070:Government 1666:San Marino 1626:Montenegro 1606:Luxembourg 1586:Kazakhstan 1489:Azerbaijan 1406:2010-03-31 1383:2017-12-20 1358:2017-12-20 1333:2017-12-20 1200:2010-12-14 1175:2010-12-15 1149:2010-12-14 1124:2010-12-14 1093:2010-12-14 1068:2010-12-18 1038:2010-12-18 1028:"Branches" 1013:2010-12-18 988:2010-12-18 963:2010-12-18 893:2008-12-11 868:2008-12-11 814:2000-10-07 784:2017-10-04 759:2020-03-02 736:References 234:US dollars 172:watchmaker 164:Foodstuffs 78:GDP growth 62:Statistics 2195:Languages 2100:President 2060:Elections 1970:Geography 1782:Gibraltar 1601:Lithuania 729:Economics 639:Martakert 631:Martakert 627:Tat U Pap 540:Berdashen 516:sea level 415:based in 394:Mardakert 335:Mardakert 303:tuti oghi 287:in 1923. 2302:Category 2244:Religion 2237:Religion 2095:Politics 2039:Politics 1951:Blockade 1896:Arminiya 1876:timeline 1802:Svalbard 1787:Guernsey 1734:Abkhazia 1681:Slovenia 1676:Slovakia 1651:Portugal 1509:Bulgaria 1400:Archived 1307:22 March 1169:Archived 1115:Archived 1058:Banks.am 910:Archived 862:Archived 827:Archived 808:Archived 778:Archived 753:Archived 692:See also 667:Vanqasar 659:Khramort 551:Aygestan 544:Karabakh 536:Madatoff 468:precious 362:diaspora 299:Armenian 292:mulberry 214:Expenses 145:External 38:Currency 2258:Symbols 2207:Museums 2190:Culture 2185:Cuisine 2164:Culture 2151:Tourism 2134:Economy 1869:History 1860:Artsakh 1706:Ukraine 1656:Romania 1616:Moldova 1574:Ireland 1569:Iceland 1564:Hungary 1554:Germany 1549:Georgia 1539:Finland 1534:Estonia 1529:Denmark 1514:Croatia 1499:Belgium 1494:Belarus 1484:Austria 1479:Armenia 1474:Andorra 1469:Albania 918:Asbarez 651:Martuni 619:Askeran 615:Shekher 607:Shekher 599:Askeran 571:Ohanyan 563:Artsakh 528:Martuni 423:Banking 402:Martuni 350:Armenia 307:Artsakh 257:of the 204:Armenia 191:Imports 185:Armenia 168:tourism 150:Exports 22:Artsakh 2228:People 2021:Voghji 2016:Tartar 2006:Hakari 1871:  1797:Jersey 1739:Kosovo 1701:Turkey 1691:Sweden 1671:Serbia 1661:Russia 1646:Poland 1641:Norway 1621:Monaco 1591:Latvia 1559:Greece 1544:France 1519:Cyprus 715:Portal 669:wine. 587:Hadrut 583:Kataro 495:Drmbon 487:Drmbon 480:copper 462:Mining 317:Energy 248:, the 1772:Åland 1686:Spain 1611:Malta 1581:Italy 1301:(PDF) 1294:(PDF) 1275:6 May 1249:6 May 1244:(PDF) 1225:6 May 1118:(PDF) 1111:(PDF) 937:6 May 396:with 295:vodka 2280:Flag 2001:Aras 1309:2011 1277:2012 1251:2012 1227:2012 939:2012 595:Mika 575:Togh 530:and 520:Togh 478:and 476:gold 470:and 400:and 348:and 43:Dram 2180:Art 346:NKR 255:GDP 68:GDP 2319:: 1167:. 1113:. 1056:. 916:, 860:. 793:^ 776:. 751:. 661:, 653:, 633:, 621:, 609:, 601:, 589:, 546:. 313:. 301:: 170:, 166:, 41:1 1878:) 1874:( 1852:e 1845:t 1838:v 1447:e 1440:t 1433:v 1386:. 1361:. 1336:. 1311:. 1279:. 1253:. 1229:. 1203:. 1178:. 1152:. 1127:. 1096:. 1071:. 1041:. 1016:. 991:. 966:. 941:. 896:. 871:. 787:. 762:. 717:: 297:( 236:.

Index

Artsakh

Dram
Fiscal year
GDP
Foodstuffs
tourism
watchmaker
Armenia
US dollars
2020 Nagorno-Karabakh war
GDP
Republic of Artsakh
Consumer Price Index
Soviet Union
Azat Artsakh
Stepanakert
mulberry
vodka
Armenian
Askeran District

hydroelectric
Mardakert
small hydroelectric power plants
NKR
Armenia
hydro-electric
Tigran Sargsyan
diaspora

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