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

Telecommunications provider.
With funding from the European Union under the EU4Business Initiative, the European Bank for Reconstruction and Development (EBRD) helped Bargavachogh Tsantser Ltd., a regional telecoms company in Armenia, to develop a strong corporate identity and improve its management effectiveness. The EBRD supported Bargavachogh Tsantser Ltd., a regional telecom service provider, in improving its performance...
Female construction company
An Armenian woman who set up a construction firm in Armenia six years ago has seen the firm’s turnover more than double thanks to help from the European Bank for Reconstruction and Development. With funding from EU4Business and Sweden, the EBRD’s Women in Business programme helped Smart Construction Ltd. to computerise the operational and financial practices so the company could manage its...
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...