NUMBER OF LEGAL ENTITIES GROWS 2.4%, THAT OF PRIVATE BUSINESSMEN DECLINES 22.5% IN ARMENIA

Noyan Tapan
Dec 13 2006

YEREVAN, DECEMBER 13, NOYAN TAPAN. According to the data of the Legal
Entities and Private Businessmen State Register Agency, since early
2006, 2,541 legal entities and 6,377 private businessmen (including
family enterprises) got registered, with their total number making
53,616 and 55,104 as of November 1, 2006. According to the data of
the RA National Statistical Service, 52,344 legal entities and 71,076
private businessmen were registered as of November 1, 2005. Over the
past year, the number of legal entities grew by 2.4%, while that of
private businessmen declined by 22.5%. In 2006, 1,364 legal entities
and 23,010 private businessmen were liquidated. The legal entities
registered in 2006 made investments of 15 bln 882.6 mln drams (about
37.4 mln USD).

705.79 mln drams was invested in 137 enterprises founded by foreign
legal entities and citizens, 343.25 mln drams was invested in 128
joint ventures.