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  • Issues Related To The Development Of Small And Medium Businesses In

    ISSUES RELATED TO THE DEVELOPMENT OF SMALL AND MEDIUM BUSINESSES IN THE FOCUS OF RA PRESIDENT'S ATTENTION

    ArmRadio.am
    21.06.2006 16:54

    Issues related to the development of small and medium businesses were
    discussed today during RA President Robert Kocharyan's recurrent
    meeting with a number of representatives of the sphere, featuring
    also Ministers of Agriculture and Trade and Economic Development.

    Robert Kocharyan noted that small and medium entrepreneurship is
    actively developing, which is evidenced by the fact that its portion
    comprises 40 percent in the GDP and 16 percent in the export. "It
    is hard to find a person in Armenia who would not have a desire to
    open his own business. This is a strong internal aspiration to be
    the master of own fate, which can serve as a serious impetus for the
    development of small and medium business, and we appreciate this,"
    the President said.

    Head of the country encouraged over twenty businessmen representing
    all marzes of Armenia to launch an open and just discussion.

    Participants of the meeting noted that the development of the sphere
    has entered a new phase. There are, however, problems that should
    be addressed.

    Particularly, reference was made to the decrease of the frequency of
    carrying out inspection in small and medium enterprises, providing
    business recommend to entrepreneurs in marzes, the necessity of
    preparing cadres with professional education and a number of omissions
    in the legislature.

    The interlocutors thoroughly discussed issues of receiving long-term
    and low-interest loans and expansion of leasing services. Reference
    was made also to the fluctuations of the currency rates.

    Robert Kocharyan said that the suggested questions will be discussed
    once again during the special consultations to be held in the future,
    and final solutions will be found.
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