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Legal Entities Grow by 4.9%, Private Businessmen Declines by 4.24%

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  • Legal Entities Grow by 4.9%, Private Businessmen Declines by 4.24%

    NUMBER OF COMMERCIAL LEGAL ENTITIES GROWS BY 4.9%, OF PRIVATE
    BUSINESSMEN DECLINES BY 4.24% IN ARMENIA

    YEREVAN, FEBRUARY 2, NOYAN TAPAN. According to the State Register of
    Legal Entities and Private Businessmen of the RA Ministry of Justice,
    3,822 commercial legal entities and 12,791 private businessmen were
    registered in 2007, with their total number making 56,461 and 50,937
    respectively in Armenia as of January 1, 2008. According to the RA
    National Statistical Service, 53,832 legal entities and 48,867 private
    businessmen were registered as of January 1, 2007. The number of legal
    entities grew by 4.9%, whereas the number of private businessmen
    declined by 4.24% in a year.

    1,191 legal entities and 1,667 private businessmen were liquidated in
    2007.

    3,822 legal entities, which were registered in 2007, made investments
    of over 10 bln 70.27 mln drams (over 29 mln 438.3 thousand USD).
    Investments of 4 bln 533.87 mln drams were made in 389 enterprises set
    up with foreign capital, including investments of 2 bln 760.53 mln
    drams in 244 enterprises founded by only foreign legal entities and
    citizens and investments of 1 bln 773.34 mln drams in 145 joint
    ventures.
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