Role of Small and Medium Business in Stimulation of Export in Republic of Armenia

Koryun Atoyan (1)

1 ASUE - Armenian State University of Economics

In July 2011, the European Commission said it would open a consultation on the definition of SMEs in 2012. In Europe, there are three broad parameters which define SMEs: • micro-entities are companies with up to 10 employees; • Small companies employ up to 50 workers; • Medium-sized enterprises have up to 250 employees [1]. The European definition of SME follows: "The category of micro, small and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding 50 million euro, and/or an annual balance sheet total not exceeding 43 million Euro. EU member states have had individual definitions of what constitutes an SME. For example, the definition in Germany had a limit of 255 employees, while in Belgium it could have been 100. The result is that while a Belgian business of 249 employees would be taxed at full rate in Belgium, it would nevertheless be eligible for SME subsidy under a European-labelled programme.

Mots clés: small and medium business; external trade; economic policy; World Trade organization

Domaines: Sciences de l'Homme et Société

Koryun Atoyan. Role of Small and Medium Business in Stimulation of Export in Republic of Armenia. International Conference on Business, Sociology and Applied Sciences (ICBSAS'14), Mar 2014, Kuala Lumpur, Malaysia. ⟨10.15242/icehm.ed0314512⟩. ⟨hal-03283587⟩