The EU is supporting SMEs through 100+ projects in the Eastern Partnership region

Intermediated facility with the Central Bank of the Republic of Armenia (CBA) to support the economic recovery and resilience of the country by enhancing access to financing for micro, small, medium-sized enterprises (MSMEs) and mid-caps.

The regional project, commissioned by the European Commission (EC) and undertaken by the European Bank for Reconstruction and Development (EBRD), aims to facilitate the transition and foster sustainable and equitable economic growth models in the Eastern Partnership (EaP) countries.

The "Creative Accelerator Program" (CAP), initiated by the Armenian General Benevolent Union Armenia (AGBU) and Creative Armenia (CA), aims to revitalize Armenia's creative industry ecosystem, promoting a flourishing creative economy.

The project aims to revitalize the abandoned Soviet sewing factory into DILIJAN FACTORY, a modern space fostering collaboration among enterprises and individuals, stimulating creativity and idea exchange while reducing entrepreneurial risk. The initiative includes renovating the building, establishing production units with market access, creating a Business Support Center, a Coworking Center with Incubator and Accelerator, and a Hospitality Business Association.

The project focuses on initiating public-private partnership discussions in Ijevan, Armenia, with the goal of creating a sustainable environment for fostering innovative entrepreneurship in tourism, high-value agriculture, and food processing sectors.

The Bank manages multiple tasks, such as aiding Small and Medium Enterprises (SMEs) and improving firm productivity. It aims to help Armenia's Ministry of Economy by analyzing firms to find ways to enhance productivity and job growth. Additionally, it strengthens the National Statistics Agency's ability to collect firm data.

The Mayors for Economic Growth (M4EG) initiative, a partnership between the EU and UNDP, supports mayors and their teams across the Eastern Partnership region.

This project assists Eastern Partner governments in enhancing institutional frameworks, particularly for SMEs. It involves supporting the development of SME strategies, implementing monitoring systems, and fostering public-private dialogue to inform policymaking and monitor reform progress.