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SMEs To Make 40% Of Armenian GDP In 2006

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  • SMEs To Make 40% Of Armenian GDP In 2006

    SMEs TO MAKE 40% OF ARMENIAN GDP IN 2006

    Noyan Tapan
    Dec 25 2006

    YEREVAN, DECEMBER 25, NOYAN TAPAN. In 2006, production of small and
    medium enterprises will make 40% of Armenian GDP against 39.8% last
    year, and the SMEs will make 17% of the export against 16.4% last
    year. Ishkhan Karapetian, Executive Director of the SME Development
    National Center (DNA), stated this during the December 25 press
    conference. According to him, in 2006, about 11 thousand new SMEs
    were registered, in which over 20.5 thousand jobs were created (52.8%
    of them - in marzes). According to I. Karapetian forecasts, in late
    2006, the SME development index calculated by UN methodology will
    reach 240 against 179.1 in 2005. He also noted that in 2006, within the
    framework of technical and advisory assistance envisaged by the annual
    program on SME state assistance, the SME DNC provided to start-up and
    operating SMEs the necessary tachnical and advisory assistance for
    external economic activity, purchase of conveyer lines and equipment,
    introduction of new technologies, search of partners, attraction and
    management of financial resources, protection of intellectual property,
    licensing, standardization, conformity certification, development of
    business and investment programs, accounting, presentation of customs
    reports. 350 mln drams (about 832 thousand USD) was allocated from
    the state budget for implementation of the annual program, and 110 mln
    drams was attracated thanks to cooperation of international and foreign
    organizations and local self-government bodies. In the period under
    review, 4,684 start-up and operating SMEs (98.3% of them in Yerevan)
    received information and advisory assistance.

    From: Emil Lazarian | Ararat NewsPress
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