Wednesday, September 14 2016 18:33
Alina Hovhannisyan

Business community: New government should pay special attention on small business

Business community: New government should pay special attention on small business

ArmInfo. The new government should first and foremost pay special attention on small business easing tax burden and putting en end to "business genocide", Chairman of "Confederation of Entrepreneurs of Armenia" NGO Tigran Hovhannisyan stated at today's press conference expressing by this the opinion of other heads of NGOs attending the press conference Gagik Danielyan (Fairs of Armenia NGO) and Poghos Oghlukyan (Organziaiton of passenger transportation in Armenia NGO).

Related to this issue the members of Confederation intend to send an official letter to the newly appointed Prime Minister requesting to put an end to "genocide of business" in all the areas. "We want the new Prime Minister to first and foremost give assessment of the current situation and only after that start searching for solutions and initiatives jointly with our representatives", he stressed. The expert thinks that besides specialists' participation in drafting bills transparency in implementation of grant programs, particularly in transport field should be ensured.

The heads of NGOs intend to create a website "museum to genocide of business", where all the events and losses, which business suffered in the country will be published. "The new government should have the courage to beg pardon and attempt to restore people's trust", Hovhannisyan stated.

Gagik Danielyan, Chairman of Fairs of Armenia NGO, noted in turn that along with negative tendencies in transport field trade sector is also in quite a difficult condition because of reduction of consumption and outflow of population due to complex situation in the country. "We do not need a prime minister who speaks 20 foreign languages we need a prime who knows our people's language", he stated. 

To note, as of March 2016 according to official data there are around 64 thousand SMEs in Armenia, most of them small enterprises. At the same time SME sector covers 32% of the country's GDP, ensuring only 6% to 9% of tax revenues (according to official data at year end-2015).


News


Exchange rates
23.10.2020
RUB6.470.05
USD494.010.30
EUR585.250.48
GBP646.41-0.59
CAD376.760.89
JPY47.210.02
CNY74.06-0.21
CHF546.291.36



Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000