News/Press

New website in Armenia for SMEs to report barriers to business
Armenia
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06/03/2017
Business associations in Armenia are creating a website to encourage SMEs to complain about barriers they face in doing business. The new reporting platform is part of a project, “Evidence-based Advocacy for Reform”, funded by the EU4Business programme. The European Business Association Armenia , the voice of the EU business community in the country set up by the EU Delegation to Armenia , said...
New funding available for tech start-ups in Armenia
Armenia
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24/01/2017
The Science and Technology Entrepreneurship (STEP) programme has launched a new funding cycle to provide tech start-ups with money to get their products to market and create new ventures. STEP funds teams of scientists, researchers, engineers working in fields like Biotech, CleanTech and engineering. Those that receive grants will get: Access to seed funding Mentoring and network opportunities...
Video of press conference
Grants available for technology SMEs in Armenia
Armenia
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21/12/2016
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
Improving the business climate
Armenia
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20/10/2016
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.
Republican Union of Employers pushes for new SME fund
Armenia
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19/10/2016
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...