EN
10 February 2011 - 11:52 AMT

Where does the Armenian business go?

According to data published by the Georgian Service of Public Registry, around 100 entities with participation of Armenian citizens have been registered in this country since January 1, 2010.

70 limited liability companies, three branches, 24 individual entrepreneurs, as well as several non-commercial organizations are among them.

According to indices of business registration in Georgia, citizens of Turkey, Azerbaijan, India and China are also active, Business Gruzia reported.

Experts explain the outflow by better conditions for doing business in Georgia, which offers lower taxes and more affordable terms for establishment of business.