Armenia needs reforms in work with small, medium business
06.10.2007,
01:40
The work with small and medium business must be reformed at the state level, RA minister of Trade and Economic Development Nerses Yeritsyan stated at his meeting with teachers and students of Armenian State University of Economy.
YEREVAN, October 5. /ARKA/. The work with small and medium business must be reformed at the state level, RA minister of Trade and Economic Development Nerses Yeritsyan stated at his meeting with teachers and students of Armenian State University of Economy.
According to him, the Government should pay more attention to small and medium business.
“An increase in the number of cases of know-how has been recorded in Armenia over the last few years, which is decisive for determining the most promising industries,” Yeritsyan said.
He pointed out that the sector is now developing well, serious organizations are being established able to create up to 300 jobs and ensure rapid development due to the introduction of modern technologies.
“Small and medium business may become the important engine that will show us the most secure directions of industrial development and ensure Armenia’s global competitiveness,” he said.
The RA National Center for Small and Medium Business Promotion reports that the share of small and medium business in Armenia’s GDP was 40.3% in 2006 against 39.8% in 2005. The share of small and medium business in Armenia’s exports was 16.9% in 2006 against 16.4% in 2005.
A total of 350mln AMD were budgeted in 2006 for the implementation of a government program of small and medium business promotion, with about 110mln AMD attracted under programs of cooperation with international organizations and local government bodies. ($1 – AMD 332.87). P.T. –0—
According to him, the Government should pay more attention to small and medium business.
“An increase in the number of cases of know-how has been recorded in Armenia over the last few years, which is decisive for determining the most promising industries,” Yeritsyan said.
He pointed out that the sector is now developing well, serious organizations are being established able to create up to 300 jobs and ensure rapid development due to the introduction of modern technologies.
“Small and medium business may become the important engine that will show us the most secure directions of industrial development and ensure Armenia’s global competitiveness,” he said.
The RA National Center for Small and Medium Business Promotion reports that the share of small and medium business in Armenia’s GDP was 40.3% in 2006 against 39.8% in 2005. The share of small and medium business in Armenia’s exports was 16.9% in 2006 against 16.4% in 2005.
A total of 350mln AMD were budgeted in 2006 for the implementation of a government program of small and medium business promotion, with about 110mln AMD attracted under programs of cooperation with international organizations and local government bodies. ($1 – AMD 332.87). P.T. –0—
