Legal Entities Grow by 4.9%, Private Businessmen Declines by 4.24%

[Hovhannisian John]

NUMBER OF COMMERCIAL LEGAL ENTITIES GROWS BY 4.9%, OF PRIVATE
BUSINESSMEN DECLINES BY 4.24% IN ARMENIA

YEREVAN, FEBRUARY 2, NOYAN TAPAN. According to the State Register of
Legal Entities and Private Businessmen of the RA Ministry of Justice,
3,822 commercial legal entities and 12,791 private businessmen were
registered in 2007, with their total number making 56,461 and 50,937
respectively in Armenia as of January 1, 2008. According to the RA
National Statistical Service, 53,832 legal entities and 48,867 private
businessmen were registered as of January 1, 2007. The number of legal
entities grew by 4.9%, whereas the number of private businessmen
declined by 4.24% in a year.

1,191 legal entities and 1,667 private businessmen were liquidated in
2007.

3,822 legal entities, which were registered in 2007, made investments
of over 10 bln 70.27 mln drams (over 29 mln 438.3 thousand USD).
Investments of 4 bln 533.87 mln drams were made in 389 enterprises set
up with foreign capital, including investments of 2 bln 760.53 mln
drams in 244 enterprises founded by only foreign legal entities and
citizens and investments of 1 bln 773.34 mln drams in 145 joint
ventures.