Edik Baghdasaryan

Privatization, Karabakh style

Construction companies have recently been privatized in Karabakh. These are wealthy, technically well-equipped businesses. The identities of their new owners have thus far been kept secret from the public. We have been informed that Yuri Ghazaryan, the deputy prime minister of Nagorno Karabakh, owns shares in all of these companies, including, we have been able to confirm, the republic’s two most important construction firms. Of course Ghazaryan’s name may not appear on any documents. In Karabakh, just like in Armenia, people often buy property in someone else’s name. The deputy prime minister recently acquired the biggest store in Martuni, the Univermag. We’ve been informed that he owns the Yerevan-Stepanakert mini-bus routes as well.