Economy Of The Republic Of Artsakh
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Economy Of The Republic Of Artsakh
Before the 2020 Nagorno-Karabakh war, the economy of the Republic of Artsakh 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.Karabakh hopes for recognition — from investors
2000-10-07
Yet, the of the 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 incr ...
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Republic Of Artsakh
Artsakh, officially the Republic of Artsakh () or the Nagorno-Karabakh Republic (),, is a list of states with limited recognition, breakaway state in the South Caucasus whose territory is internationally recognised as part of Azerbaijan. Artsakh controls a part of the former Nagorno-Karabakh Autonomous Oblast, including the capital of Stepanakert. It is an Enclave and exclave, enclave within Azerbaijan. Its only overland access route to Armenia is via the wide Lachin corridor which is under the control of Russian peacekeepers. The predominantly Armenian-populated region of Nagorno-Karabakh was claimed by both the Azerbaijan Democratic Republic and the First Republic of Armenia when both countries became independent in 1918 after the fall of the Russian Empire, and a brief war over the region broke out in 1920. The dispute was largely shelved after the Soviet Union established control over the area, and created the Nagorno-Karabakh Autonomous Oblast (NKAO) within the Aze ...
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Small Hydro
Small hydro is the development of hydroelectric power on a scale suitable for local community and industry, or to contribute to distributed generation in a regional electricity grid. Exact definitions vary, but a "small hydro" project is less than 50 megawatts (MW), and can be further subdivide by scale into "mini" (<1MW), " micro" (<100 kW), "" (<10 kW). In contrast many hydroelectric projects are of enormous size, such as the generating plant at the at 22,500 megawatts or the vast multiple projects of the

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Semi-precious
A gemstone (also called a fine gem, jewel, precious stone, or semiprecious stone) is a piece of mineral crystal which, in cut and polished form, is used to make jewelry or other adornments. However, certain rocks (such as lapis lazuli, opal, and obsidian) and occasionally organic materials that are not minerals (such as amber, jet, and pearl) are also used for jewelry and are therefore often considered to be gemstones as well. Most gemstones are hard, but some soft minerals are used in jewelry because of their luster or other physical properties that have aesthetic value. Rarity and notoriety are other characteristics that lend value to gemstones. Apart from jewelry, from earliest antiquity engraved gems and hardstone carvings, such as cups, were major luxury art forms. A gem expert is a gemologist, a gem maker is called a lapidarist or gemcutter; a diamond cutter is called a diamantaire. Characteristics and classification The traditional classification in the West, w ...
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Precious Metals
Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial raw materials. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. The best known precious metals are the coinage metals, which are gold and silver. Although both have industrial uses, they are better known for their uses in art, jewelry, and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded much higher pri ...
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Artsakhbank
Artsakhbank is an Armenian bank with headquarters in Yerevan. As of November 20, 2017, the Bank has 7 branches in Yerevan and 11 branches in the unrecognized Republic of Artsakh (''de jure'' part of Azerbaijan). History The bank was established on February 12, 1996. On November 6, 1996 Artsakhbank, Closed joint-stock company was transformed into Artsakhbank, Open Joint-Stock Company, according to the resolution of the Bank’s Shareholders General Meeting. On June 24, 2001 Artsakhbank, OJSC, was reorganized back into Artsakhbank, Closed joint-stock company (CJSC). The bank is a shareholder of Armenian Card (ArCa) and a full member of ArCa the Armenian national payment system, a member of Europay/ MasterCard international payment system, and a member of SWIFT system. Artsakhbank is a member of international money transfer systems, such as MoneyGram, Migom, Leader, Anelik. The Bank has correspondent relations with 25 banks, both local and foreign. Operations The Bank serves ...
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Yerevan Hanrapetutyan Street 02
Yerevan ( , , hy, Երևան , sometimes spelled Erevan) is the capital and largest city of Armenia and one of the world's oldest continuously inhabited cities. Situated along the Hrazdan River, Yerevan is the administrative, cultural, and industrial center of the country, as its primate city. It has been the capital since 1918, the fourteenth in the history of Armenia and the seventh located in or around the Ararat Plain. The city also serves as the seat of the Araratian Pontifical Diocese, which is the largest diocese of the Armenian Apostolic Church and one of the oldest dioceses in the world. The history of Yerevan dates back to the 8th century BCE, with the founding of the fortress of Erebuni in 782 BCE by King Argishti I of Urartu at the western extreme of the Ararat Plain. Erebuni was "designed as a great administrative and religious centre, a fully royal capital." By the late ancient Armenian Kingdom, new capital cities were established and Yerevan declined in impo ...
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Martuni Province
Martuni Province ( hy, Մարտունու շրջան) is a province of the breakaway Republic of Artsakh, ''de jure'' part of the Republic of Azerbaijan. History The territory was formed from the Soviet-era raion of Martuni District within the former Nagorno-Karabakh Autonomous Oblast. The eastern part of that district is under the control of the Azerbaijan. Martuni Province consists of the branch of the former Oblast which juts out farthest to the east, almost reaches Stepanakert on the west, and goes a little past Karmir Shuka on the south. The western half has many hills and small mountains, full of small villages, while the eastern half is very flat, with fewer villages, and the larger regional center of Martuni. Historically, this area was also known as ''Myus Haband'' and ''Varand''. The Martuni Province has 35 rural communities and one urban community. In 1991, the Azerbaijani parliament, with the Law on Abolishment of Nagorno-Karabakh Autonomous Oblast, abolished the ...
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Stepanakert
/ az, Xankəndi, italic=no , settlement_type = City , image_skyline = File:StepanakertCollage.jpg , imagesize = 300px , image_caption = From top left: Holy Mother of God Cathedral Renaissance Square • Downtown Stepanakert Stepanakert Airport • Stepanakert skyline Park Hotel Artsakh  • ''We Are Our Mountains'' Artsakh University  • Stepanakert Memorial , image_flag = Flag of Stepanakert, Artsakh.svg , shield_size = 75px , map_caption = Location of Stepanakert in Artsakh and in Azerbaijan. , pushpin_map = Republic of Artsakh#Azerbaijan , subdivision_type = Country , subdivision_name = Artsakh , subdivision_type1 = Province , subdivision_name1 = Stepanakert , subdivision_type2 = Country , subdivision_name2 ...
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Lachin Corridor
The Lachin corridor ( hy, Լաչինի միջանցք, Lachini mijantsk; az, Laçın dəhlizi or ; ) is a mountain road that links Armenia and the enclave of Nagorno-Karabakh. Being the only road between these two territories, it is has been often described as a "lifeline" for the residents of Nagorno-Karabakh. The corridor is ''de jure'' in the Lachin District of Azerbaijan, but is under the control of a Russian peacekeeping force as provided for in the 2020 Nagorno-Karabakh armistice agreement. The territory of the corridor included the villages of Zabukh, Sus and the city of Lachin itself until 2022. On 26 August 2022, these settlements were transferred to Azerbaijani control. Four days later, a new route to the south was opened for use that bypasses the settlements of Zabukh, Sus and Lachin and instead passes by the villages of Mets Shen/Boyuk Galadarasi and Hin Shen/Kirov. The armistice agreement provided: From 13 December 2022, a group of Azerbaijani citizens self-iden ...
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Asbarez
''Asbarez'' ( hy, Ասպարէզ "Arena") is an Armenian-American bilingual daily newspaper published in Armenian and English in Los Angeles, California, formerly by the Western USA Central Committee of the Armenian Revolutionary Federation. As of late 2020, the newspaper is no longer affiliated with the Armenian Revolutionary Federation. History The newspaper began publication in 1908 in Fresno, California. It moved to southern California several decades later when a large Armenian-American community emerged there. Before moving to a new headquarters in the Hollywood neighborhood of Los Angeles in the 1970s, the newspaper's headquarters was located in Glendale, California, a suburb of Los Angeles. The daily is published five times a week. It is from 16 to 28 pages, Tuesdays through Fridays and 40 to 48 pages on Saturdays. It also regularly publishes magazine supplements on special occasions. Asbarez in English The newspaper that includes both Armenian and English ...
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