NUMBER OF COMMERCIAL LEGAL ENTITIES REGISTERED IN ARMENIA GROWS BY 3.11%, NUMBER OF PRIVATE BUSINESSMEN DECLINES BY 40.41% IN ONE YEAR

Noyan Tapan
Apr 16 2007

YEREVAN, APRIL 16, NOYAN TAPAN. According to the data of the RA Justice
Ministry’s State Register of Legal Entities and Private Businessmen,
in January-February 2007, 533 commercial legal entities and 1,086
private businessmen got registered, and their total number made
54,206 and 43,164 respectively as of March 1, 2007. According to the
RA National Statistical Service, as of March 1, 2006, the number of
legal entities registered made 52,572, that of private businessmen –
72,429: in one year, the number of legal entities increased by 3.11%,
whereas the number of private businessmen declined by 40.41%.

In January-February 2007, 173 legal entities and 211 private
businessmen were liquidated.

Investments of 712.65 mln drams (over 1 mln 980 USD) were made by 533
legal entities registered in the indicated period of 2007. Investments
of 504.6 mln drams were made in 32 enterprises founded only by foreign
legal entities and citizens, investments of 94.25 mln drams were made
in 9 joint ventures.