Armenpress
SMSE CONSTITUTE 39.6 PERCENT OF OVERALL GDP
YEREVAN, JULY 28, ARMENPRESS: The share of small
and medium-sized enterprises (SMSE) in Armenia’s
overall GDP in the first half of the year rose 0.4
percent from a year ago to 39.6 percent.
Ishkhan Karapetian, the executive manager of the
National Center for Support of Small and Medium-Sized
Enterprises, said to a news conference today that the
share of small and medium-sized businesses in
Armenia’s exports in the first six months of this year
rose to 16.8 percent from 15.4 percent 12 month ago.
In the first half of the year there were 5,600
officially registered small and medium-sized
enterprises, while some 1,600 enterprises stopped
their activity.
Karapetian said the Center has given around 100
credit guarantees worth 325 million drams ($783,000)
since 2004. Their amount is expected to surge to 850
million in six months.