On June 29, 2018, a meeting on the development of small and medium-sized entrepreneurship was held

On June 29, 2018, a meeting on the development of small and medium-sized entrepreneurship was held under the leadership of RA Prime Minister Nikol Pashinyan, with the participation of Vahagn Hambardzumyan, President of the Association of Accountants of Armenia. The meeting was attended by the leaders of the concerned agencies and representatives of various non-governmental organizations representing SMEs. The Prime Minister noted that it was necessary to outline the problems of small and medium-sized businesses and what the government should do in terms of supporting the industry. The meeting presented existing problems in the SME sector, functions of state support structures provided to SMEs, several issues related to SME support tools, tax administration, as well as various observations and recommendations. In particular, those present emphasized the implementation of reforms in the Tax Code. The Prime Minister emphasized that the government has the political will to discuss the problems of the industry and find options to solve them. In this regard, Nikol Pashinyan deemed it necessary to involve representatives of small and medium-sized enterprises in discussing the implementation of the Tax Code reforms. The head of the Government instructed the Ministry of Economic Development and Investments, under the coordination of Deputy Prime Minister Tigran Avinyan, to form a council on SME development with the participation of SME representatives, which will regularly discuss the existing problems in the field in a constructive atmosphere, present to the Prime Minister the possibilities of their solution and give specific recommendations.