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Small and Medium Entrepreneurship in Armenia: Current State, Expectations and Preferences

September 2013 | 128 pages | ID: SAB8A89EDE6EN
Ameria cjsc

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This is the comprehensive research on SMEs in Armenia. The research is based on secondary and primary data. Primary data were collected during a survey of more than 1000 SMEs in Armenia (focus on SMEs in 4 cities). The purpose of the research is to describe current state of SMEs by sectors, size and regions in Armenia, recent assessment of economic performance of SMEs, expectations of SMEs for their development in short and mid-term periods, understand main barriers and prerequisites for their development.

This research:
  • describes current structure of SME sector in Armenia by size, regions, industries
  • describes recent investments of SMEs into fixed assets and innovations,
  • evaluates the potential, risks and barriers of further development,
  • analyses expectations on future development of SMEs, new projects planned
  • includes comparisons with the trends of other countries,
  • presents cooperation of SMEs and RA banks, taken the significance of financing for the sector,
  • describes management, legal and other advisory service use of SMEs: the current state, needs, effectiveness,
  • includes regulatory tools for SMEs and the comparison with international best practice.
SUMMARY AND FINDINGS

1. MACROECONOMIC OVERVIEW

Dynamics of key indicators: GDP, prices, exchange rates, etc.
International comparison
Forecasts

2. OVERVIEW OF SME SECTOR IN ARMENIA

SME-related quantitative data grouped by sector, volumes, etc.
SME role in the economy of Armenia
Entrepreneurial environment, competition, barriers
Level of investments and innovations
Mid-term expectations

3. RELATIONSHIPS WITH BANKING SECTOR

Cooperation with banks
Information sources
Banking product-related needs assessment
SME lending: terms, needs, preferable banks

4. ADVISORY AND OTHER PROFESSIONAL SERVICES NEED ASSESSMENT

5. SME REGULATION IN ARMENIA, PEER COMPARISON, OTHER RESEARCH

Specifics of SME regulation in Armenia
International comparison of SME regulation
Comparison with peer countries (development level)
Comparison with SME sector in Russia
World Bank report on Fostering Entrepreneurship in Armenia
Annex. Definitions


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