Number of small businesses reported up by over 10 percent year-on-year in first seven months

Small businesses rose in number by 8,087, or 10.8 percent, year-on-year in the first seven months of this year, said the economy ministry’s press office, as quoted by BelaPAN.

There were 83,220 small enterprises registered as legal entities on August 1, 5.8 percent more than on January 1, and 230,276 small business owners with sole entrepreneur status, 4.9 percent more. The number of sole entrepreneurs rose by 13,216, or 6.1 percent, year-on-year in the first seven months.

Small businesses registered as legal entities and sole entrepreneurs accounted for 17.8 and 2.7 percent, respectively, of all tax payments in the country.