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SME DNC And OSCE Yerevan Office Sign Memorandum On Cooperation

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  • SME DNC And OSCE Yerevan Office Sign Memorandum On Cooperation

    SME DNC AND OSCE YEREVAN OFFICE SIGN MEMORANDUM ON COOPERATION

    Noyan Tapan
    Mar 20 2007

    YEREVAN, MARCH 20, NOYAN TAPAN. "Armenia's Small and Medium
    Entrepreneurship Development National Center" (SME DNC) Fund and the
    OSCE Yerevan Office will implement a joint program of assistance
    to SME subjects in Armenia. The sides on March 20 signed a mutual
    understanding and cooperation memorandum on this. The document was
    signed by the SME DNC Director Ishkhan Karapetian and the OSCE Yerevan
    Office Head, Ambassador Vladimir Pryakhin.

    Within the framework of the memorandum, the OSCE Yerevan Office
    will assist the SME DNC and other structures related to the sector's
    development in participation in European initiatives on SME support,
    integration into organizations and information networks, developement
    of expert resources.

    After signing the document, I. Karapetian and V. Pryakhin underlined
    that in recent years the structures headed by them have cooperated
    within the framework of various projects on SME assistance.

    V. Pryakhin said that the 5th anniversary of the SME DNC was celebrated
    on March 19. He pointed out that the SME sector of Armenia is
    undergoing a "certain and definite development" with the assistance
    of civil society and international structures. One evidence is
    the growth of SME share in GDP - it increased from 20% to 40% from
    2002 to 2006. According to the ambassador, the experience of SME
    development in Armenia can be used in other countries, particularly
    in CIS countries. In his opinion, financing of SME subjects remains an
    important problem in Armenia. V. Pryakhin attached special importance
    to introduction of European standards of SME development from the
    viewpoint of solution of this and other problems.

    He and I. Karapetian noted that assistance to SME development in
    Armenia is now viewed within the framework of the European Neighborhood
    Policy. In the words of I. Karapetian, in 2006, SME subjects accounted
    for 17% of Armenia's export, while their tax revenues - for 28%
    of the total amount of tax revenues.
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