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DROPPING DEMAND, HEAVY TAXES AFFECT SMALL & MEDIUM BUSINESSES: STUDY
October 15, 2013 - 15:21 AMT
PanARMENIAN.Net - The small and medium businesses sector will play a
key role in Armenia's development, a Development Director and Partner
with Ameria Group Tigran Jrbashyan said.
Ameria consulting company conducted a research on Armenia's small and
medium-sized enterprises (SMEs). The study includes the country's
macroeconomic description, SMEs' characteristics, relations with
banking systems, necessity of consulting and other professional
services, regulation of the sector as well as comparative analysis
with other countries.
According to Jrbashyan, the study reveals problems in the SME sector,
solutions to be suggested, region-specific issues. The study shows
a dramatic decrease in demand caused by demographic problems as well
as heavy taxes.
On the positive side, Jrbashyan noted, the issues are not caused by
poor financing or technologies. "Southern regions of Armenia are more
affected by the dropping demand, with no serious investment projects
initiated there as a result," he stressed.
The study covers 1003 SMEs, with 655 operating in Yerevan, 144 - in
Gyumri, 152 - in Vanadzor, 52 - in Dilijan. 74,4% companies operate
micro businesses, 20,2% - small businesses, 5,1% - medium businesses.
According to the study, 47,6% SMEs are engaged in trade, 34,4% in
services sector, 15,5% - manufacturing, 2,2% - construction, with
trade prevailing among micro businesses - 55,2%.
According to Jrbashyan, SMEs cooperation with banks is mostly
restricted to credits and transfers.
http://www.panarmenian.net/eng/news/171318/
October 15, 2013 - 15:21 AMT
PanARMENIAN.Net - The small and medium businesses sector will play a
key role in Armenia's development, a Development Director and Partner
with Ameria Group Tigran Jrbashyan said.
Ameria consulting company conducted a research on Armenia's small and
medium-sized enterprises (SMEs). The study includes the country's
macroeconomic description, SMEs' characteristics, relations with
banking systems, necessity of consulting and other professional
services, regulation of the sector as well as comparative analysis
with other countries.
According to Jrbashyan, the study reveals problems in the SME sector,
solutions to be suggested, region-specific issues. The study shows
a dramatic decrease in demand caused by demographic problems as well
as heavy taxes.
On the positive side, Jrbashyan noted, the issues are not caused by
poor financing or technologies. "Southern regions of Armenia are more
affected by the dropping demand, with no serious investment projects
initiated there as a result," he stressed.
The study covers 1003 SMEs, with 655 operating in Yerevan, 144 - in
Gyumri, 152 - in Vanadzor, 52 - in Dilijan. 74,4% companies operate
micro businesses, 20,2% - small businesses, 5,1% - medium businesses.
According to the study, 47,6% SMEs are engaged in trade, 34,4% in
services sector, 15,5% - manufacturing, 2,2% - construction, with
trade prevailing among micro businesses - 55,2%.
According to Jrbashyan, SMEs cooperation with banks is mostly
restricted to credits and transfers.
http://www.panarmenian.net/eng/news/171318/