NUMBER OF LEGAL ENTITIES GROWS BY 4.9%, THAT OF PRIVATE BUSINESSMEN BY 31.29% IN ARMENIA IN 12 MONTHS

Noyan Tapan

Jan 14, 2008

YEREVAN, JANUARY 14, NOYAN TAPAN. By data of the State Register of
Legal Entities and Private Businessmen of the RA Ministry of Justice,
3,391 commercial legal entities and 16,418 private businessmen were
registered in Armenia in January-November 2008, with their total
number making 59,033 and 65,504 respectively as of December 1, 2008.

By data of the RA National Statistical Service, there were 56,286 legal
entities and 49,893 private businessmen as of December 1, 2007. The
number of legal entities grew by 4.9%, that of private businessmen –
by 31.29% in the country in 12 months.

901 legal entities and 1,337 private businessmen were wound up in
January-November 2008.

The 3,391 legal entities registered in January-November 2008 made
investments of 17 bln 510.44 mln drams (about 57 mln 261.1 thousand
USD).

Investments of 9 bln 169.66 mln drams were made in 351 enterprises
founded with foreign capital, including investments of over 7 bln
107.01 mln drams in 211 enterprises founded by only foreign legal
entities and citizens and investments of 2 bln 62.64 mln drams in
140 joint ventures.