News/Press

COVID-19: Weekly Digest on Impact on SMEs in EAP
17/04/2020
Armenia The Government reopened some sectors of the economy . While Armenia extended the state of emergency for another 30 days restricting movement of people, it relaxed some industries such as open-air construction and cigarette manufacturing. Read More The Armenian economy loses 51 million USD daily because of the coronavirus. During the first month of the state of emergency Armenia will lose...
EU4Business Weekly Digest of Reports on Economic Impact on SMEs in EAP
14/04/2020
Armenia The spread of coronavirus disease "due to anti-epidemic measures will significantly reduce Armenia's economic growth in 2020," the CB analysts said. In 2020, economic growth will be 0.7% and will recover in 2021, reaching 7.2%. https://bit.ly/civilnet-am Coronavirus caused $134 million damage to the tourism industry of Armenia in the first quarter of 2020. The State Tourism Committee...
Armenian companies showcase their products at BioFach trade fair
Armenia
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21/02/2020
Seven Armenian companies participated in the leading international trade fair for organic products, BioFach 2020 in Nuremberg on 12 - 15 February, thanks to support of the International Trade Centre (ITC) and its partners. The participating companies are beneficiaries of Ready to Trade project , which is funded by the European Union, as part of the EU4Business initiative and aims to connect SMEs...
New “Eastern Partnership Trade Helpdesk” Project by ITC Extends EU4Business Portfolio
13/02/2020
The Eastern Partnership (EaP) Trade Helpdesk, a new EU4Business project implemented by the International Trade Centre (ITC), a joint agency of the United Nations and the World Trade Organization, was launched in late 2019. The 5 year long initiative aims to increase economic ties between the EU and the EaP countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine). The project will:...
New EU4Business Project to Connect Companies in the Eastern Partnership countries with EU
06/02/2020
“EU4Business: Connecting Companies” is the name of an ambitious new action funded under the EU4Business initiative of the European Union and managed by EUROCHAMBRES . The main aim is to promote trade between the EU Member States & the 6 Eastern Partnership (EaP) countries: Armenia, Azerbaijan, Belarus, Georgia, Moldova & Ukraine. The “EU4Business: Connecting Companies” project is expected...
EBRD and European Union support launch of private equity fund in Armenia
Armenia
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29/09/2019
Amber Capital EU-Armenia SME Fund to promote the development of small and medium-sized enterprises (SMEs) in Armenia through equity investments The EBRD, with the support of the European Union, provides commitments of up to €16 million million The fund will provide financing to strengthen the competitiveness of Armenian SMEs The European Union (EU) and the European Bank for Reconstruction and...
EU4Business General Assembly: looking back on a decade of achievements and forward to the challenges ahead
EU4Business General Assembly: looking back on a decade of achievements and forward to the challenges ahead
24/07/2019
The third meeting of the EU4Business General Assembly took place on 28 June 2019 in Brussels, and marked the 10th anniversary of the EU4Business Initiative. During this high-level event, the EU4Business Secretariat shared the results achieved during the last decade, as well as the progress made specifically in 2018. The 2019 General Assembly provided a unique opportunity for 83 participants,...
The winners of the hackathon
Hackathon delivers innovative ideas for tourism development in Armenia
Armenia
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29/05/2019
With the support of the EU-SMEDA project, the second ‘Innovative ideas for tourism development in Armenia’ hackathon was held on 18-19 May 2019 in Vanadzor, organised by the Vanadzor Technology Centre (VTC), the Enterprise Incubator Foundation and Lori region’s administration in cooperation with the Tourism Committee of the Republic of Armenia. The hackathon aimed at promoting the tourism...
New fruit drying technologies for stronger export growth
Best practices in fruit drying for stronger export growth
Armenia
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21/05/2019
On 20-21 May, Armenian entrepreneurs are learning about new technologies and trends in fruit drying at a two-day workshop in Yerevan. The training is organised by the International Trade Centre ‘Ready to Trade’ project, funded by the European Union, under the EU4Business initiative. The training aims to introduce Armenian dried fruit producers to advanced methods for fruit treatment before and...
Women Entrepreneurs' Club in Yerevan
Final Women Entrepreneurs' Club held in Yerevan with EU4Business support
Armenia
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20/04/2019
The fifth and final Women Entrepreneurs’ Club (WE Club) was successfully held in Yerevan last week, with the support of the EU4Business SMEDA project. The event was officially opened by EU Head of Delegation Ambassador H.E. Piotr Świtalski and German Ambassador H.E. Bernhard Matthias Kiesler. In their speeches introducing women who are active in the business and social fields of Armenia, the...