Babken Tunyan, Chairman of the Armenian parliament's Standing Committee on Economic Affairs, has revealed that a record number of companies were established in Armenia in March and April.

According to Tunyan, the number of LLCs registered in Armenia in the two months of spring has sharply increased.

"According to data from the Statistical Committee, 2735 LLCs were registered in Armenia during April-May 2022, of which 1443 in March and 1292 in April," Tunyan wrote.

The number of companies established in the reporting period has increased 2.3 times or by 1541 against the same period last year.

Tunyan also reported a sharp increase of about 50% in the number of newly registered private enterprises in the country.