News/Press

Developing Food Safety Enforcement in Armenia with European Union’s EU4Business Initiative
09/09/2020
With the support of the EU4Business Initiative, 10 Armenian companies will be provided with food safety system enforcement plans, while five of those with greater export potential will be trained for certification. On its way from farm to market, food can encounter various health hazards. Such risks are present throughout the entire production chain, from initial to final stages. Ensuring food...
From Brand to Export: Armenian Companies' Journey with EU4Business Initiative
Armenia
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07/09/2020
Eastern Partnership: Ready to Trade, an EU4Business initiative supports Armenia-based companies develop internationally competitive branding identities. Packaging is as important as the product itself. A strong brand is a key driver for sales on both the domestic and international markets. Eastern Partnership: Ready to Trade, an EU4Business initiative , supports Armenia-based companies develop...
Online course helps Azerbaijani businesses improve trade logistics management
Azerbaijan
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05/09/2020
Modern trade requires goods to be purchased, stored, handled and transported in the most effective manner across the globe. To that end, effective logistics management is key in helping companies reduce cost, improve product availability, shorten delivery times, all the while providing a service of quality to the customers, leading to an improvement in their capacity to compete in global markets...
COVID-19: Weekly Digest on Impact on SMEs in EAP ( September 4, 2020)
04/09/2020
Armenia Armenia’s government approved a Strategy for the development of small and medium business and an action plan for 2020-2024 to address the pandemic. According to the strategy, productivity of SMEs will increase by 3% in 2020-2023 and by 7.5% in 2024. Read more The Fund for Armenian Relief and HSBC Bank Armenia will provide 14.5 million AMD ($30,100) to promote entrepreneurship in Tavush...
European Union’s EU4Business Initiative and UNIDO Help Armenia’s Fashion Industry Overcome COVID-19 Challenges
Armenia
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01/09/2020
In the course of a six-day seminar organised under the EU4Business Initiative, Armenian textile companies gained deeper insights into price segmentation and the effective use of communication and promotion channels, as well as roadmaps for overcoming the economic challenges of the COVID-19 pandemic. During Soviet times, Armenia was noted for its textile industry. Indeed, Armenia’s second largest...
From Ancient Armenia to South Africa: Mastering the Secrets of Dried Fruit Production
Armenia
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30/08/2020
While on a study tour to the South African Republic under the EU4Business Initiative , Armenian growers gained expert advice on manufacturing internationally and specifically EU-competitive products: maintaining accurate moisture levels, extending the shelf life of dried fruits, producing attractive yet affordable packaging in line with the European standards, and getting some good marketing tips...
COVID-19: Weekly Digest on Impact on SMEs in EAP (August 28, 2020)
28/08/2020
Armenia US Government has allocated an additional $1.4 million through USAID for combating Covid-19 impacts in Armenia. Overall it is providing more than $4 million of emergency assistance, including $1 million for supporting the agriculture and tourism sectors in recovering economically from the pandemic, and adapting their needs to the post-Covid world. Read more The total amount of losses in...
Georgian SMEs master e-commerce skills to enter new markets
Georgia
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27/08/2020
The EU-funded Ready to Trade project , an EU4Business initiative, implemented by the International Trade Centre (ITC) , organized a webinar "Assistance to Georgian Companies on E-Commerce", for the project's beneficiaries. The objective of the virtual training was to offer SMEs the first insight on how they could access foreign markets by using digital and e-commerce channels. The session was led...
COVID-19: Weekly Digest on Impact on SMEs in EAP (August 21, 2020)
21/08/2020
Armenia Armenian enterprises engaged in the production of wine and brandy will receive state assistance through the 24th programme of anti-crisis measures to neutralize the economic consequences of Covid-19. The state will fully finance the interest rates on loans with repayment periods extended from 18 to 24 months. Read more The 23rd anti-crisis programme to mitigate the adverse economic impact...
COVID-19: Weekly Digest on Impact on SMEs in EAP (August 14, 2020)
14/08/2020
Armenia The coronavirus-related state of emergency in Armenia has been extended for another month keeping many restrictions for the business until September 9. Read more IFC, a World Bank Group member, provides a loan of $15 million to Inecobank to boost lending to Armenia’s micro, small and medium enterprises in resisting Covid-19 challenges. The financing will help MSMEs sustain operations,...