YEREVAN, October 15. / ARKA /. Owners of small and medium businesses in Armenia complain of a tangible decline in demand for their products and services, according to the findings of an extensive study of SME’s conducted by Ameria group of companies. The findings were presented today by Tigran Jrbashyan, Ameria group of companies’ development director.
"The findings are very interesting, because entrepreneurs single out a serious decline in demand, which is mainly due to the ongoing out-emigration and the subsequent reduction in consumption,” said Jrbashyan .
According to him, owners of SME note also the tax burden as a development hurdle. He said this problem is felt especially in the second and third largest towns of Gyumri and Vanadzor, where due to a drop in demand SMEs have actually stopped new investment projects.
According to Jrbashyan , this problem should be in the focus of the concerned parties. He noted also that earlier voiced problems with the financing or introduction of new technology are no longer relevant for SMEs.
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-