YEREVAN. – Development of small and medium business has a serious social, economical and political context, Armenian PM Tigran Sargsyan told at the first council session of Armenia’s small and medium entrepreneurship development on Wednesday.

The council was founded by PM’s order aiming to establish effective cooperation between business community and the state. Sargsyan heads the council. Armenian Minister of Economy and representatives of international and local organizations are also members to the council.

Development of small and medium business aims to form a middle class, which will have great impact on political and economical improvements. Armenia’s PM is aware that there are many obstacles and issues to overcome for the development of small and medium business. The entrepreneurship aims to reveal the issues and solve them in timely manner.