New businesses registered in terms of a number of limited companies reached 5,700 firms in 2020 in Armenia, according to the National Statistical Office. This is 17.1% less than in the previous year.
Historically, new businesses registered in terms of a number of limited companies in Armenia reached an all time high of 6,877 firms in 2019 and an all time low of 2,290 firms in 2005.
Armenia has been ranked 73rd within the group of 111 countries we follow in terms of new businesses registered in terms of a number of limited companies.
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