News/Press

Armenia In 2021, the state will allocate about 520,000,000 AMD (more than $1 million) to support small and medium-sized businesses in Armenia . According to the Ministry of Economy, businesses will receive the necessary consulting services, training courses, and vocational training to improve access to finance. Read more Armenia’s trade turnover amounted to about $4,220,000,000 in January-...

EU4Business has published the Citizens’ Summaries for the 6 EaP countries with the overview of major results of the past year in the region and per country. In 2019, 78,995 SMEs were supported through the EU4Business Initiative, generating an extra €1.3 billion in income and 117,254 new jobs, growing their turnover by 16.1%, and increasing their exports by 5.9% as a result. See the detailed...

Armenia According to the World Bank’s latest report, the economic and social measures to mitigate the pandemic cost Armenia’s budget around 2.3% of GDP . The report states that revenues fell by 6% yoy resulting in the deficit of around 1.7% of projected annual GDP in the year-to-July. Read more The fall in Armenia’s GDP in the second quarter of 2020 was 13.7%. According to the Central Bank report...