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Number Of Commercial Legal Entities Increases By 5.2%, That Of Priva

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  • Number Of Commercial Legal Entities Increases By 5.2%, That Of Priva

    NUMBER OF COMMERCIAL LEGAL ENTITIES INCREASES BY 5.2%, THAT OF PRIVATE BUSINESSMEN DECLINES BY 40.41% IN ARMENIA IN ONE YEAR

    Noyan Tapan
    April 7, 2008

    YEREVAN, APRIL 7, NOYAN TAPAN. According to data of the State Register
    of Legal Entities and Private Businessmen of the RA Ministry of
    Justice, 563 commercial legal entities and 1,086 private businessmen
    were registered in January-February 2008, with their total number
    making 56,997 and 43,164 respectively as of March 1, 2008. According
    to data of the RA National Statistical Service, there were 54,205
    legal entities and 53,316 private businessmen as of March 1, 2007. The
    number of legal entities grew by 5.2%, while the number of private
    businessmen declined by 40.41% in one year.

    70 legal entities and 187 private businessmen were wound up in
    January-February 2008.

    563 legal entities, which were registered in January-February
    2008, made investments of 7 bln 612.86 mln drams (about 24.73
    mln USD). Investments of 6 bln 897.17 mln drams were made in 59
    enterprises founded with foreign capital, including investments of
    95.52 mln drams made in 26 enterprises founded only by foreign legal
    entities and citizens, and investments of 6 bln 801.65 mln drams in
    33 joint ventures.
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