News/Press

Armenia Armenia has lifted the Covid-19 state of emergency and introduced a nationwide “quarantine” regime until January 11, 2021. It keeps requirements for wearing facemasks in all public areas and enforces social distancing and hygiene rules for businesses. Read more While various sectors of the Armenia’s economy are suffering significant disproportionate losses due to pandemic, a key role is...
Dear readers, Please note that from September on, we are moving to monthly COVID Alerts. You will receive the next digest from us at the beginning of October. Armenia Armenian banks have provided loans worth 80 billion AMD (around $165 million) as part of government-designed assistance programmes to help offset the consequences of the Covid-19 pandemic. As of August 12, 19.9 billion AMD (more...
With the support of the EU4Business Initiative, 10 Armenian companies will be provided with food safety system enforcement plans, while five of those with greater export potential will be trained for certification. On its way from farm to market, food can encounter various health hazards. Such risks are present throughout the entire production chain, from initial to final stages. Ensuring food...
Eastern Partnership: Ready to Trade, an EU4Business initiative supports Armenia-based companies develop internationally competitive branding identities. Packaging is as important as the product itself. A strong brand is a key driver for sales on both the domestic and international markets. Eastern Partnership: Ready to Trade, an EU4Business initiative , supports Armenia-based companies develop...
Modern trade requires goods to be purchased, stored, handled and transported in the most effective manner across the globe. To that end, effective logistics management is key in helping companies reduce cost, improve product availability, shorten delivery times, all the while providing a service of quality to the customers, leading to an improvement in their capacity to compete in global markets...
Armenia Armenia’s government approved a Strategy for the development of small and medium business and an action plan for 2020-2024 to address the pandemic. According to the strategy, productivity of SMEs will increase by 3% in 2020-2023 and by 7.5% in 2024. Read more The Fund for Armenian Relief and HSBC Bank Armenia will provide 14.5 million AMD ($30,100) to promote entrepreneurship in Tavush...
In the course of a six-day seminar organised under the EU4Business Initiative, Armenian textile companies gained deeper insights into price segmentation and the effective use of communication and promotion channels, as well as roadmaps for overcoming the economic challenges of the COVID-19 pandemic. During Soviet times, Armenia was noted for its textile industry. Indeed, Armenia’s second largest...
While on a study tour to the South African Republic under the EU4Business Initiative , Armenian growers gained expert advice on manufacturing internationally and specifically EU-competitive products: maintaining accurate moisture levels, extending the shelf life of dried fruits, producing attractive yet affordable packaging in line with the European standards, and getting some good marketing tips...
Armenia US Government has allocated an additional $1.4 million through USAID for combating Covid-19 impacts in Armenia. Overall it is providing more than $4 million of emergency assistance, including $1 million for supporting the agriculture and tourism sectors in recovering economically from the pandemic, and adapting their needs to the post-Covid world. Read more The total amount of losses in...
The EU-funded Ready to Trade project , an EU4Business initiative, implemented by the International Trade Centre (ITC) , organized a webinar "Assistance to Georgian Companies on E-Commerce", for the project's beneficiaries. The objective of the virtual training was to offer SMEs the first insight on how they could access foreign markets by using digital and e-commerce channels. The session was led...