EU4BUSINESS IN ARMENIA

The vast majority of businesses in Armenia are SMEs. They are responsible for nearly 80% of all jobs in the country. Despite this, they make up only 27% of Armenia’s GDP. EU4Business works to build a conducive business and investment environment to help SMEs reach their full potential. Programmes improve access to finance and new markets, target women entrepreneurs and SMEs working in green energy and also encourage social entrepreneurship. EU4Business is part of the EU’s wider efforts in the country which make it one of Armenia’s main economic partners.

News/Press

Success stories

Pills and capsule with Armenian flag
With funding from Sweden and the European Union under the EU4Business Initiative, the European Bank for Reconstruction and Development (EBRD) helped Farma-Star Ltd., a woman-led network of pharmacies in Armenia, introduce a new human resources policy to increase employee performance and sales. The EBRD supported Farma-Star Ltd., a network of pharmacies in Yerevan and surrounding regions, to...
Dr Vardanush Petrossian in the Ingrediant café.
Dr Vardanush Petrossian, a medical doctor with a specialisation in nutrition, has always dreamed of running her own healthy food-focused café. Using her own savings, she opened the Ingredient Café. Now, with the support of the Women in Business Programme, funded by EU4Business, the European Bank for Reconstruction and Development (EBRD) and Sweden, Vardanush’s café is expanding. The Ingredient...
Whether it be rebranding, reorganising, re-financing or expanding, the European Bank for Reconstruction and Development (EBRD) is providing Armenian small and medium sized enterprises (SMEs) with the know how to succeed. When regional telecom company Bargavachogh Tsantser Ltd. was looking to rebrand, the EBRD provided the financing the company needed to develop a strong corporate identity. As a...