YEREVAN, October 15. / ARKA /. Expectations of small and medium enterprises in Armenia for the next 1-3 years are slightly positive; according to the findings of an extensive study of SME’s conducted by Ameria group of companies. Part of the findings were presented today by Artashes Shaboyan, a senior analyst of Ameria group of companies.
According to him, the study showed that the expectations vary fr om 0.41 to 0.18 with 1 being a moderate index.
The main source of SME financing are the banks; in particular , 70% of loans provided to SME are in the national currency, the dram. The average loan size is 8.5 million drams given at an average interest rate of 18.5% per annum. The remaining 30 % are dollar-denominated loans. The average size of a loan in foreign currency is $130,000 given at 14.5 % interest rate.
The study shows that 2013 is a bad year one for SMEs , most of which registered a decline," said Shaboyan.
The study also found that SMEs in Dilijan are doing better than even companies in Yerevan, wh ere the decline is more substantial . The most negative situation is in Vanadzor and Gyumri.
The study was conducted in May- June 2013 embracing 1,003 small and medium businesses, of which 655 in Yerevan, 144 - in Gyumri, 152 - in Vanadzor, and 52 – in Dilijan. Some 74.4% of the surveyed companies are micro-businesses, 20.2 % - small, 5.1 % - medium businesses. Of these, 47.6 % are engaged in trade, 34.4 % - in services, 15.5 % - in industry, and 2.2% - in construction.
The full version of the study is available at 1,240,000 drams.
Founded in 1998, Ameria offers professional services in administrative, financial and legal consulting. ($ 1 - 408.37 drams). -0-