News/Press

Amber Capital EU-Armenia SME Fund to promote the development of small and medium-sized enterprises (SMEs) in Armenia through equity investments The EBRD, with the support of the European Union, provides commitments of up to €16 million million The fund will provide financing to strengthen the competitiveness of Armenian SMEs The European Union (EU) and the European Bank for Reconstruction and...
EU4Business General Assembly: looking back on a decade of achievements and forward to the challenges ahead
The third meeting of the EU4Business General Assembly took place on 28 June 2019 in Brussels, and marked the 10th anniversary of the EU4Business Initiative. During this high-level event, the EU4Business Secretariat shared the results achieved during the last decade, as well as the progress made specifically in 2018. The 2019 General Assembly provided a unique opportunity for 83 participants,...
The winners of the hackathon
With the support of the EU-SMEDA project, the second ‘Innovative ideas for tourism development in Armenia’ hackathon was held on 18-19 May 2019 in Vanadzor, organised by the Vanadzor Technology Centre (VTC), the Enterprise Incubator Foundation and Lori region’s administration in cooperation with the Tourism Committee of the Republic of Armenia. The hackathon aimed at promoting the tourism...
New fruit drying technologies for stronger export growth
On 20-21 May, Armenian entrepreneurs are learning about new technologies and trends in fruit drying at a two-day workshop in Yerevan. The training is organised by the International Trade Centre ‘Ready to Trade’ project, funded by the European Union, under the EU4Business initiative. The training aims to introduce Armenian dried fruit producers to advanced methods for fruit treatment before and...
Women Entrepreneurs' Club in Yerevan
The fifth and final Women Entrepreneurs’ Club (WE Club) was successfully held in Yerevan last week, with the support of the EU4Business SMEDA project. The event was officially opened by EU Head of Delegation Ambassador H.E. Piotr Świtalski and German Ambassador H.E. Bernhard Matthias Kiesler. In their speeches introducing women who are active in the business and social fields of Armenia, the...
EFSE’s main target group is micro and small enterprises (MSEs) and low-income households
The European Fund for Southeast Europe (EFSE) has announced the expansion of its fund structure to promote lending in local currencies. Backed by a contribution of €44 million from the European Union’s EU4Business initiative, and €12 million from the German Federal Ministry of Economic Cooperation and Development (BMZ), the new ‘L-shares’ will be used to enhance local currency financing in the...
First Bankers’ Roundtable on Sustainable Financing for Entrepreneurs
The European Fund for Southeast Europe (EFSE) teamed up with the Central Bank of Armenia (CBA) on April 4 to hold the first Bankers’ Roundtable on Sustainable Financing for Entrepreneurs in Yerevan, in an event organised with the support of the EU4Business initiative. The gathering of influential bank executives from Armenia explored the role of the banking sector in achieving maximum...
Modelling the Economy and Politics for optimal development
An international forum on ‘Modelling the Economy and Politics for optimal development’ was held this week in the Armenian capital Yerevan, bringing together international and national scientists working on innovative modelling of economic theories, political and social behaviours, quantum theory of decision making, predicting financial risks and crisis, industrial research and development, and a...
Supporting Armenia’s SME Development Strategy
On 27 March, the OECD organised the second workshop on supporting Armenia’s SME development strategy in the framework of the EU-funded project ‘ EU4Business: From Policies to Action ’. The workshop focused on the monitoring system as a key aspect for an effective implementation of the SME Strategy. It presented good practice tools to monitor and report progress in the implementation of SME...
On 15 March, the EU Delegation to Armenia organised a site visit in Yerevan to get acquainted with the innovative companies and start-ups, which have received technical and financial support in the framework of the European Union's ‘Support to SME Development in Armenia’ (EU-SMEDA) project. The visit was attended by the EU Ambassador to Armenia Piotr Świtalski and a group of journalists. During...