NUMBER OF LEGAL ENTITIES GROWS BY 4.2%, THAT OF PRIVATE BUSINESSMEN DECLINES BY 20.65% IN ARMENIA IN ONE YEAR

Noyan Tapan
Nov 1, 2007

YEREVAN, NOVEMBER 1, NOYAN TAPAN. According to data of the State
Register of Legal Entities and Private Businessmen of the RA
Ministry of Justice, 2,785 commercial legal entities and 8,424
private businessmen were registered in January-September 2007,
with their total number making 55,706 and 46,881 as of October 1,
2007. According to data of the RA National Statistical Service,
there were 53,444 legal entities and 56,561 private businessmen as of
October 1, 2006. The number of legal entities grew by 4.2% in a year,
whereas the number of private businessmen declined by 20.65%.

903 legal entities and 1,315 private businessmen were liquiated in
January-September 2007.

Investments of 5 bln 663.19 mln drams (about 1 mln 616 thousand USD)
were made by the registered 2,785 legal entities in the indicated
period.

Investments of 1 bln 275.93 mln drams were made in 276 enterprises
set up with foreign capital, including investments of 524.36 mln
drams made in 177 enterprises set up by foreign legal entities and
citizens and investments of 751.57 mln drams in 99 joint ventures.