Yerevan /Mediamax/. Entry of “Artsakh HPP” LLC to IPO is the largest investment program in post-war Nagorno-Karabakh, Prime Minister of the Nagorno-Karabakh Republic (NKR) Ara Harutyunyan stated.

Mediamax reports that, speaking on March 20 in Yerevan at the presentation of the Public Offering of “Artsakh HPP” LLC shares, Ara Harutyunyan informed that over 200 people have submitted applications for purchase, investing over 400mln AMD.

Prime Minister of Armenia Tigran Sargsian, who was present at the presentation, stated that in conditions of the crisis, investments into infrastructure are the most reliable ones.

“Construction of HPP is an opportunity for reliable and long-term investment, since the risks in the given sphere are minimal. Purchasing shares in an HPP, the investor can be sure that the means will not be dispersed”, Tigran Sargsian stated, expressing confidence that “Artsakh HPP” shares will enjoy high demand.

According to the Prime Minister, there is potential to collect about $2bln from the savings, made by the population, in Armenia and sending those means to developing the economy.

“We admit that there are risks, but their minimization is the duty of the government”, the Prime Minister stated, informing that the Armenian government has already announced about 18 programs within the framework of which it will provide the private sector with 25bln AMD in the form of credits, subsidies, or participation in the capital of the company, “aiming at minimizing the risks and establishing an auspicious investment climate”.