News/Press

Armenian companies present their products to business representatives visiting the Armenia booth at SIAL Paris.
On 21-25 October, seven Armenian companies participated for the first time in the international food exhibition SIAL Paris, introducing Armenian food products, such as fruit and vegetable preserves, dried fruits and vegetables, and herbal teas to European buyers. The participation of Armenian companies in the trade fair was organised with the support of the International Trade Centre (ITC)...
At work in the Gyumri Technology Centre
Many young people from Gyumri in Armenia’s Shirak region see their future in the sector of information technologies (IT), and the Gyumri Technology Centre (GTC) – developed with the help of EU4Business – is exactly what they seek. The GTC is an inspiring example for other regions of Armenia. In October 2017, an IT incubation laboratory was opened in the centre as part of the ‘ Boosting...
The European Investment Bank (EIB) is lending €50 million to the Central Bank of Armenia to finance projects implemented by small and medium-sized enterprises (SMEs) and mid-caps in the country, particularly in the areas of agri-food processing and tourism. The loan is being provided in the context of the EU4Business initiative targeted at smaller businesses in the Eastern Partnership countries...
Science and Technology Convergence (STC) Forum
The Science and Technology Convergence (STC) Forum took place in Yerevan on October 12-13, focusing on the future of fundamental and applied research, with the support of the EU4Business initiative. The Forum gathered around 200 scientists and researches, who discussed and presented around the topics of quantum computing, machine learning, micro electronics, information security, computer vision...
The international Trade Centre is organising the participation of 32 agro-processing companies from Armenia, Azerbaijan, Georgia and Ukraine in the SIAL International Food Exhibition in Paris on 21-25 October, within the framework of the EU4Business ‘Ready to Trade’ project. The objective is to present the companies and their products to the EU market and establish business links with EU buyers...
Enhancing the quality of SME statistics is a priority in Armenia
On 4 October, the OECD organised its third workshop in Yerevan on business statistics, presenting the findings of the OECD statistical report on SME sector in Armenia, providing structural business statistics, business demography statistics, as well as international comparisons of the Armenian SME sector. The workshop was held in the framework of the EU-funded project on ‘Improving Business...
Training for textile SMEs
A number of trainings have been held for textile SMEs in the northern regions of Armenia, in the framework of the EU4Business initiative to support private sector development across the Eastern Partnership region. The trainings were organised by the project ‘ Textile for a sustainable economic development of the northern regions of Armenia’ , implemented by the Gegharkunik, Shirak and Lori...
EU Ambassador Piotr Świtalski
Armenia and the EU today discussed new opportunities for Armenian and European businesses deriving from the EU-Armenia Comprehensive and Enhanced Partnership Agreement (CEPA). Organised by the country’s Ministry of Economic Development and Investments, together with the European Commission’s Directorate-General for Trade, the event gathered EU and Armenian officials and representatives of the...
Startup Boost Weekend
The Startup Boost Weekend, a unique 54-hour event targeting around 120 university students not only from Yerevan but from various marzes of Armenia, took place from 14-16 September, providing participants with the opportunity to define and shape their startup ideas, develop teams, and under the supervision of experienced mentors present fresh and creative startup ideas. For the second year now,...
In the Grovf offices in Yerevan
Grovf – an Armenian start-up supported by EU4Business and engaged in the Internet of Things (IoT) and database hardware acceleration – is one of two SMEs in the Eastern Partnership region, selected for funding under the first phase of the European Innovation Council’s (EIC) pilot of its SME Instrument. The second company – Raccoon Technologies – is from Ukraine. The company produces Raccoon...