Yerevan/Mediamax/. “Prosperous Armenia” Part (PAP) will present a number of draft laws, stimulating development of small and medium enterprise (SME) in Armenia, to consideration of the country’s parliament.

Mediamax reports that the member of PAP parliamentary faction Vardan Bostanjyan said this in Yerevan today.

According to him, up to 40% of GDP falls on the share of small and medium enterprise in Armenia, while in European countries this index reaches 70%.

Vardan Bostanjyan informed that PAP leader Gagik Tsarukyan set the task to elaborate a package of draft laws, meant to form favorable economic atmosphere for SME development.