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EXPERT: ARMENIAN GOVERNMENT MUST ENCOURAGE DEVELOPMENT OF SMALL AND MEDIUM-SIZED BUSINESS
August 29, 2013 | 17:10
YEREVAN. - Amid the global crisis, development of small and
medium-sized business is a key factor, especially for such a country
as Armenia which is not rich in natural resources
Pavel Sigal, President of the Center of Microfinancing and chairman of
coordination council on small and medium-sized business in Tatarstan,
is confident that the state must not support only the IT companies but
those which are background of small business: the companies dealing
with trade and services.
"Small business must be regarded not as micro business or private
business, but a social entity," he told Armenian News-NEWS.am.
"If a family is being engaged in some productive work, is creating
added value and is not leaving the country, it already has the
greatest benefit. In this context, support for any small business
is a key factor," he emphasized, adding that liberal legislation and
low taxes are a necessary prerequisite for SMBs development.
News from Armenia - NEWS.am
August 29, 2013 | 17:10
YEREVAN. - Amid the global crisis, development of small and
medium-sized business is a key factor, especially for such a country
as Armenia which is not rich in natural resources
Pavel Sigal, President of the Center of Microfinancing and chairman of
coordination council on small and medium-sized business in Tatarstan,
is confident that the state must not support only the IT companies but
those which are background of small business: the companies dealing
with trade and services.
"Small business must be regarded not as micro business or private
business, but a social entity," he told Armenian News-NEWS.am.
"If a family is being engaged in some productive work, is creating
added value and is not leaving the country, it already has the
greatest benefit. In this context, support for any small business
is a key factor," he emphasized, adding that liberal legislation and
low taxes are a necessary prerequisite for SMBs development.
News from Armenia - NEWS.am