Entrepreneurship in Armenia

Author(s): Hrant Mikaelian
Editor(s): Jeronim Perovic, Lili Di Puppo, Iris Kempe, Heiko Pleines, Matthias Neumann, Robert Orttung
Series: Caucasus Analytical Digest (CAD)
Issue: 45
Pages: 9-14
Publisher(s): Center for Security Studies (CSS), ETH Zurich; Research Centre for East European Studies, University of Bremen; Institute for European, Russian and Eurasian Studies, George Washington University
Publication Year: 2012

The Armenian economy is mostly private and is characterized by a strong big business sector. But despite common perceptions, the share of small and medium-sized enterprises in the economy is growing. Key obstacles for Armenias small businesses are corruption, lack of protection for investments and property, and the complexity of the tax administration.

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