Success stories

Art Lunch , an Armenian enterprise providing food, catering and hospitality services, has been able to move to e-marketing model that increased turnover by 78% and improved sales by 31% with EU4Business support through the EBRD’s Advice for Small Businesses programme. In turn, the company has been supporting Armenia by providing food to 1,500 COVID patients and individuals who have become...
EBRD and EU4Business help AugmentAR look to the future Just a few years ago, 3D printing belonged more to industrial settings than to people’s homes. The rapid evolution of the field and the growth of the market mean that 3D printers are now available at affordable prices to consumers, so everyone can create their own kitchen utensils, toys and DIY tools. In Armenia , the AugmentAR team, which is...
The earliest known winery in the world, unearthed in a cave in Armenia, dates from about 6,100 years ago. One of the oldest modern-day enterprises in Armenia, Voskevaz Winery LLC, has been taking the best traditions of vintners beyond Armenia to new markets. Based on a strategic development plan put together with the support of EU4Business, two key goals are increasing sales 21% and expanding...
Offering a wide choice of traditional cuisine, a good combination of price and quality, with one of the largest delivery services in Armenia,the Karas Group’s business is based onan internationally-recognized system for reducing the risk of safety hazards in food. With EU4Business support, the company was able to increase turnover by 31% and grow sales by 20%in a single year. Serving 250,000...
A distinctive natural environment like Armenian soil, plenty of sun and lots of fresh water combine to ensure the unique taste and healing qualities of whole leaf herbal teas that EDNA LLC gathers, processes, mixes and packages according to the highest Organic European standards. Moreover, this income opportunity for 40 villagers from four communities offers proof of the result-oriented nature of...
eSwap: artificial intelligence to manage online sales
The start-up ecosystem in landlocked Armenia generates high value companies in a country with highly intelligent human capital. The eSwap start-up with its enthusiastic team of Gyumrians, inhabitants of the second largest city of Armenia, provides a multi-channel ecommerce management tool with a cutting edge innovation – integrated artificial intelligence, thanks to the assistance of the European...
EU helps Shirak region become IT centre of Armenia
Information technologies (IT) are growing rapidly in Armenia. The country’s government announced IT as one of their priorities and recently decided to establish a Ministry of High Technologies. The Armenian government has also adopted laws according to which newly created IT startups will be granted tax privileges until 2020. In Armenia, almost everything is by and large centralised in the...
EU promotes social entrepreneurship in Armenian provinces
Social entrepreneurship is a relatively new phenomenon in Armenia. As recently as five or six years ago, few people knew about it. Despite the fact that there is still no legislation in place regulating it, social entrepreneurship is growing in Armenia. The non-governmental sector is the driving force in this process. Representatives of the sector are now drafting the relevant laws, which are to...
The Digital Pomegranate, an IT company based in Gyumri
Sustainable regional development in Armenia depends on overcomingthe gap between the capital Yerevan and the marzes (regions) by providing young people with the skills they need to fuel local economic growth. The Digital Pomegranate , an IT company based in Gyumri, the country’s second largest city, has employed young specialists trained with the help of the European Union. Armenia’s economic...
On the zip wire at the Yell Extreme Park in Yenokavan
As part of the EU4Business initiative, the European Union and the European Bank for Reconstruction and Development (EBRD) are developing the private sector in Armenia through advisory services and improved access to finance for local SMEs, provided through the SME Finance and Advice Facility . “Usually business owners come to us, present the issues they have and we advise local consultants and...