Premiere expects new council for SME development to yield positive results

 YEREVAN, July 27. / ARKA /. The newly established Council for Development of Small and Medium-Sized Business will yield positive results, Armenian prime minister Tigran Sarkisian said today after its maiden meeting.

“Small and medium businesses have serious economic, political and social importance and have always been regarded by the government as one of its priorities”, Sarkisian said.

He said over the last three years the government has conducted a string of measures aimed at creating a favorable environment for SME development, which is designed to create Armenia’s middle class.

“From the perspective of forming civil society, we believe that without the small and medium-sized businesses we can not register progress. Although we have carried out many measures over the last three years there are still many challenges and obstacles for SME development”, he said, adding that the new format of cooperation will allow the government to promptly identify problems and find solutions.

He said the working agenda will be updated continuously and primarily by the SME representatives.

He said also the only fact that the Council is chaired by the prime minister, will allow to quickly form interagency working groups to tackle specific issues, provide clear instructions, involve business people in interagency working groups and provide balanced solutions that take into account the interests of all parties .

“Given the existing positive experience I am confident that the newly created Council will yield positive results,” Sarkisian said. -0-

spot_img

POPULAR

Armenia plans to significantly increase capital expenditure on infrastructure — Ministry of Finance

Armenian Finance Minister Vahe Hovhannisyan and Asian Development Bank (ADB) Vice President Wempi Saputra discussed prospects for expanding cooperation, including in infrastructure investment and promoting the export of Armenian products.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (October 19–25)

The financial agenda in Armenia over the past week focused on the performance of the banking sector for the first nine months of 2026, the development of the bond market, and enhancements to financial regulation.

Armenia’s Deputy Prime Minister and ADB Vice President Discussed Attracting Private Capital and Infrastructure Development

Opportunities for attracting private capital, expanding public-private partnerships (PPPs), and implementing the "Crossroads of Peace" project were discussed at a meeting between Armenian Deputy Prime Minister Mher Grigoryan and an Asian Development Bank (ADB) delegation led by Vice President Wempi Saputra.

AMX held an auction to place government bonds worth 70 billion drams

YEREVAN, October 30. /ARKA/. On October 29, the Armenia...

Dollar and ruble exchange rates rose, while the euro continued to decline: Central Bank of Armenia

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, increased by 0.05 points on October 27, 2026, compared to October 26, 2026, to 360.93 drams.

LATEST NEWS

spot_imgspot_imgspot_img