FLATS BY HYPOTHEC CREDITING

On february 26th the next session of the NKR government took place, convened by the NKR Prime Minister Ara Haroutyunian. Minister of economical development Benik Babaian represented to the executives’ discussion a whole range of agendal questions. By the drafts of suggested decisions, which met with government’s approval, various changes and additions were done in the bills and orders, conforming the systematization of the questions to today’s requirements. The executive, particularly confirmed a new order of alienation of trade companys’ property.In accordance with it an alienation of property is realized by auction. The means are directed to the NKR budget, if by the government’s decision another direction is not foreseen. Changes and additions were suggested also in NKR laws “About state fee”. The executive after the discussion has established a draft, according to which it is foreseen in NKR to prelong the period of flats’ privatization also two years. In the government it was hoped that at last it would be possible to finish the delayed process in 2009. At the session of the NKR government an important document was established.An order of satisfaction of state assistance of acquiring flats by hypothec crediting by banks were identified.The hypothec program first of all will be realized in Stepanakert and district centres of the republic.For acquiring flats a credit will be allocated till a period of 20 years, by 12 % pay yearly, half of which the state fund will pay off. Just after the government’s session the NKR Prime Minister Ara Haroutyunian convened a conference with the leaders of NKR boards of administration. Questions of repayment of overdue credits, making black arable land, increasing of productivity of boards of administration’s work were discussed at the conference. The Prime Minister gave concrete assignments to the executives of regions, appealed them to act more purposeful.
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