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Papoyan presents data on the growth of entrepreneurs

News | 2026/08/21 14:04

Papoyan presents data on the growth of entrepreneurs

The number of active economic entities has increased by 2.2 times

The Minister of Economy of Armenia, Gevorg Papoyan, made a post on his Facebook page addressing the statements of MP Hayk Farmanyan from the 'Strong Armenia' faction:

“One of the associates of the former 'next prime minister' Samvel Karapetyan, who has been nominated as the head of the Financial and Credit Committee in the National Assembly, was talking about some reductions in SMEs.

Let's set aside the fact that he was mostly saying nonsense. It’s okay. He is a person who doesn’t know what to do. I will just present one statistical figure:

The number of active economic entities has increased by 2.2 times:

On January 1, 2018 — 45,525 units,

On January 1, 2026 — 99,903 units,” he wrote:

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