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

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.

The Action contributes to the general objectives of the Instrument, namely to support the SME segment in Eastern Partnership Countries through improving access to finance, in the form of enhanced lending terms and conditions, via providing first loss SME portfolio guarantees.

The European Fund for Southeast Europe (EFSE), among the leading development finance funds globally, seeks to promote economic development and prosperity in Southeast Europe and the Eastern Neighbourhood 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.

The projct offers guidance to SMEs across various domains including strategy, operations, quality management, financial reporting, and energy efficiency, among others.

Lake Sevan, the largest freshwater lake in the Caucasus Region, serves as a crucial source of water, irrigation, aquaculture, and hydropower in Armenia, directly impacting both environmental health and economic prospects. With backing from the EU Water Initiative (EUWI) Plus, Armenia is crafting its initial River Basin Management Plan for Lake Sevan to enhance long-term water resource management. EU4SEVAN will leverage ongoing efforts and initiatives to bolster environmental safeguards for Lake Sevan, aligning with broader objectives.

The EU for IMPACT Armenia project seeks to enhance the welfare of Armenian labor migrants, returnees, and their families by mobilizing remittances for local development and fostering job creation in Armenia.