This research was conducted in Armenia from March 10 to April 20, 2005, as part of the third round of the Business Environment and Enterprise Performance Survey. The objective of the study is to obtain feedback from enterprises in client countries on the state of the private sector as well as to help in building a panel of enterprise data that will make it possible to track changes in the business environment over time, thus allowing, for example, impact assessments of reforms. Through face-to-face interviews with firms in the manufacturing and services sectors, the survey assesses the constraints to private sector growth and creates statistically significant business environment indicators that are comparable across countries. The survey topics include firm characteristics, information about sales/suppliers, competition, infrastructure services, judiciary/law enforcement collaboration, security, government policies/laws/regulations, financing, overall business environment, bribery, capacity utilization, performance and investment activities, and workforce composition.