  Only 9% of SME registered in Armenia can export their productsDecember 14, 2010 - 15:19 AMT PanARMENIAN.Net - Executive Director of the Union of Industrialists and Entrepreneurs of Armenia Gagik Makaryan said that low production capacity and uncompetitiveness of representatives of small and medium enterprises (SME) prevent them from exporting their products. “According to surveys conducted in 2009, only 9% of SME registered in Armenia can export their products,” Makaryan told a press conference on December 14. According to him, the share of SME (the number of which amounts to 130,000 with 220,000-250,000 employees) in Armenia’s GDP makes 42%, and their contribution to the GDP structures is not significant. Referring to urgent problems of SME, Makaryan noted that enterprises lack knowledge in business conduct. Moreover, SME often face difficulties with obtaining loans, as banks prefer lending large enterprises. At the same time, Makaryan urged to stimulate youth and foster business conduct rules in them.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Armenia-Qatar ties discussed in Doha  The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar.ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event.Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province.Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes. |
