News/Press

COVID-19: Weekly Digest on Impact on SMEs in EAP (June 12, 2020)
12/06/2020
Armenia Armenia is unlikely to have 2020 tourism season, Armenian Tourism Association states. “Keeping the positions for 3 months, the tourism sector gives up by cutting the staff”, reads the statement raising the issue of Armenia’s land border with Georgia staying closed. Read More Face masks in Yerevan available from self-service machines. A joint effort of “Tavish textiles”, Tavish region-...
Weekly Digest on Impact on SMEs in EAP
05/06/2020
Armenia 8,923 beneficiaries received a total of 1.7 billion AMD (more than US$ 3.5 million) from the Armenian government within the 18th measure aiming to pay every fifth employee’s salary to those employers and companies that have saved their jobs and payroll amount during the Covid-19 pandemic. Read More 19th measure to neutralize Covid-19 economic consequences in Armenia is to assist the...
EU4Business Launches Covid-19 Information Support Webpages in 6 EaP countries
28/05/2020
In the wake of the global coronavirus pandemic, the resilience of small and medium enterprises has been put to the ultimate test. The EU4Business team perfectly understand that SMEs face challenges to keep their business afloat. Entrepreneurs find it difficult to regularly adapt to newly-emerging regulations and market requirements, maintain the workforce, seek investments and continue operations...
Virtual learning for Georgian agribusiness for better access to EU markets
Virtual learning for Georgian agribusiness for better access to EU markets
Georgia
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26/05/2020
On May 18-19, 2020, the Eastern Partnership Ready to Trade project, implemented by the International Trade Centre (ITC) in partnership with the Centre for the Promotion of Imports (CBI), organized a two-day online training for project’s beneficiaries. The objective of the training was to strengthen the export capacity of selected SMEs in the EU market. The sessions were led by Reindert Dekker, an...
COVID-19: Weekly Digest on Impact on SMEs in EAP (22 May)
25/05/2020
Armenia The state of emergency in Armenia is extended for 30 days till June 13, while financial and economic activities can be undertaken under specific conditions. Read More A total of 84.4 billion AMD (about US$ 175 million) have been distributed by the government as of May 16, 2020 to 48,400 legal entities and more than 1 million individuals. With the 3rd measure dedicated to SMEs, the...
COVID-19: Weekly Digest on Impact on SMEs in EAP (May 15)
15/05/2020
Armenia About 14,000 economic entities (93.3% of the potential beneficiaries) with 2 to 50 employees received a total of about 2.2 billion AMD (about US$ 4.5 million) as the result of the measure aimed at mitigating the economic circumstances of Covid-19, according to the State Revenue Committee. Read More 70.3 billion AMD (about US$ 145 million) was distributed through 17 actions of the...
COVID-19: Weekly Digest on Impact on SMEs in EAP (8 May)
08/05/2020
Armenia From May 4, 2020 vast majority of businesses including cafes and restaurants are allowed to resume their work exclusively in the open-air areas. There could be a return to the strict regime in case of aggravation of the situation. Read More Some 24,000 business entities have been already assisted by the Government of Armenia. Over 62 billion AMD (about US$ 128 million) had been provided...
Georgian firms shift production to meet pandemic challenge
Georgian firms shift production to meet pandemic challenge
Georgia
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05/05/2020
Packaging producer meets local demand for protective gear with help from EU under its EU4Business Initiative and UNDP Nearly 40,000 protective face shields produced by the Georgian company CaucasPack will be provided to frontline healthcare staff, local civil servants and other at-risk personnel in Tbilisi and Georgia’s regions through programmes implemented by the United Nations Development...
COVID-19: Weekly Digest on Impact on SMEs in EAP (30 April)
24/04/2020
Armenia 167 loan applications from SMEs worth 1.6 billion AMD (about US$ 3.3 million) have been approved as of April 16, 2020. Under the effective job support measure for entities with 2-50 employees, another 1.2 billion AMD (about US$ 2.5 million) was disbursed as one-time grants. Read More The Asian Development Bank predicts 2.2% economic growth for Armenia , the World Bank keeps it lower – 1.7...
An online workshop for the Georgian SMEs from hazelnuts and dried fruit sectors
Georgia
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24/04/2020
On April 16, 2020, International Trade Centre's Eastern Partnership: Ready to Trade project organized an online workshop – "EU export marketing customer communication and preparing for the recovery from COVID19” - for their beneficiary companies. The workshop was conducted by James Fitzpatrick, an expert in trading, importing and developing supply chains globally. Twelve Eastern Partnership:...