Small and medium entrepreneurship in Armenia. Basic features and the role of economic relations with Russia
https://doi.org/10.28995/2782-2222-2023-1-110-125
Abstract
The article provides an analysis of the role of small and mediumsized enterprises in Armenia. It reveals the specifcs of such entrepreneurship in Armenia and its scale. The analysis of the development of small and mediumsized enterprises in Armenia is given against the background of a detailed description of the state of the country’s economy. Thereupon features of the Armenian economy, its strengths and weaknesses are discovered. The spheres of the economy where small and medium-sized enterprises are particularly effective are noted, as well as its geography in certain regions of Armenia. The impact of such entrepreneurship on the competitiveness of Armenia is also disclosed.
The article studies in detail the role of individual methods of financial support for small and medium-sized enterprises, reveals more successful and less successful methods for Armenia. Particular attention is paid to Armenia’s economic development in 2022 in general, and Armenia’s relations with the Russian Federation in particular. The author showed that soon after a slight decline in mutual trade and economic ties in the spring of 2022, the intensifcation of the Armenia-Russia dialogue began quickly. In turn, that had a very positive impact on economic growth in Armenia in 2022. According to the author’s forecasts, Armenia and Russia have a very good potential for cooperation, which will be mutually benefcial for both countries.
About the Author
N. V. Zakharova
Plekhanov Russian Economic University
Russian Federation
Russian Federation
Natal’ya V. Zakharova, Dr. of Sci. (Economics), professor,
bld. 36, Stremyannyi Lane, Moscow, 117997
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Review
For citations:
Zakharova N.V. Small and medium entrepreneurship in Armenia. Basic features and the role of economic relations with Russia. Science and art of management. 2023;(1):110-125. (In Russ.) https://doi.org/10.28995/2782-2222-2023-1-110-125
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