Out of the more than 100,000 Armenian small and medium enterprises (SME) only 20 percent have made tangible contribution to the state budget. The rest are registered companies with no economic activities.
Public Council member Vazgen Safaryan, chairing the Armenian Union of Domestic Commodity Production, says there are 132,000 “stamp putters”, but only 2,100 matter to the budget. He suggests that super-small organizations be given more privileges, in order for a middle stratum to be formed without which, he says, stable society is impossible.
