President of Artsakh (Nagorno-Karabakh) Arayik Haroutyunyan, who is ex officio the chairperson of the board of trustees of the Artsakh Investment Fund, convened a session of the board of trustees today, as reported the Central Information Department of the Office of the President of Artsakh.

The proposals submitted to the Fund for implementation of a large investment project for SAVVA LLC’s establishment of a cement factory in the country were considered. The board members asked questions regarding operation of the factory, its ecological significance, the creation of new jobs and pricing policy and received exhaustive answers. It was decided to satisfy the application for a loan in exchange of a pledge, but President Haroutyunyan emphasized that the course of fulfillment of the assumed obligations will be under the supervision of the Fund.