News/Press

Video of press conference
New grants are now available to Armenian SMEs through the project ‘ Support to SME Development in Armenia’ ( SMEDA). Co-financing is available in under two strands of SMEDA: Innovation Matching Grant (IMG). Grants of €30 000-€50 000 Science and Technology Entrepreneurship (STEP) . Grants of €15 000 Companies must be SMEs working in the technology sector (for example in engineering, Cleantech or...
Improving the business climate
Armenia
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The European Union (EU) is ready to assist Armenia in implementing economic policy reforms, says ambassador The EU will assist Armenia in implementing the new government’s economic policy reforms, the Head of the European Union Delegation to Armenia, Ambassador Piotr Switalski, told the International Economic Congress on 20 October. Experts and representatives of diplomatic missions gathered at...
Makaryan proposes the establishment of a special fund of USD 100 million for SMEs.
The head of the Republican Union of Employers is advocating that the Armenian government establish as special fund to help small and medium sized enterprises (SMEs) develop. According to economist and head of the Republican Union of Employers Gagik Makaryan, Armenian SMEs are not growing fast enough. SMEs account for 28 % of the country’s gross domestic product (GDP), and over the past several...