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Expert: Armenian Government Must Encourage Development Of Small And

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  • Expert: Armenian Government Must Encourage Development Of Small And

    EXPERT: ARMENIAN GOVERNMENT MUST ENCOURAGE DEVELOPMENT OF SMALL AND MEDIUM-SIZED BUSINESS

    August 29, 2013 | 17:10

    YEREVAN. - Amid the global crisis, development of small and
    medium-sized business is a key factor, especially for such a country
    as Armenia which is not rich in natural resources

    Pavel Sigal, President of the Center of Microfinancing and chairman of
    coordination council on small and medium-sized business in Tatarstan,
    is confident that the state must not support only the IT companies but
    those which are background of small business: the companies dealing
    with trade and services.

    "Small business must be regarded not as micro business or private
    business, but a social entity," he told Armenian News-NEWS.am.

    "If a family is being engaged in some productive work, is creating
    added value and is not leaving the country, it already has the
    greatest benefit. In this context, support for any small business
    is a key factor," he emphasized, adding that liberal legislation and
    low taxes are a necessary prerequisite for SMBs development.

    News from Armenia - NEWS.am

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