LYCOS RETRIEVER 
Armenia: Nagorno-Karabakh
built 642 days ago
[T]he Government of Armenia, helped by the cease-fire that has been in effect in Nagorno-Karabakh since 1994, has been able to carry out wide-ranging economic reforms that paid off in dramatically lower inflation and steady growth. Armenia has registered strong economic growth since 1995, building on the turnaround that began the previous year, and inflation has been negligible for the past several years. New sectors, such as precious stone processing and jewelry making, information and communication technology, and even tourism are beginning to supplement more traditional sectors such as agriculture in the economy.
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In 1988, Armenia became involved in a territorial dispute with Azerbaijan over the enclave of Nagorno-Karabakh, to which both laid claim. The majority of the enclave were Armenian Christians who wanted to secede from Azerbaijan and either become part of Armenia or gain full independence. War broke out between Armenia and Azerbaijan over the region from 1992–1994, resulting in 30,000 casualties. Armenia effectively controls the region today, although no formal resolution exists.
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In December 1988 northern Armenia was devastated by an earthquake that killed 25,000 people and left more than 400,000 homeless. Government relief efforts were slow and badly organized. The arrival of essential supplies such as fuel was delayed by an economic blockade Azerbaijan had imposed on Armenia in 1989 because of the war in Nagorno-Karabakh. The war ... hindered efforts to reconstruct Armenia’s earthquake-damaged infrastructure.
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Nagorno-Karabakh