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.

Events

No upcoming events.

News/Press

Success stories

The earliest known winery in the world, unearthed in a cave in Armenia, dates from about 6,100 years ago. One of the oldest modern-day enterprises in Armenia, Voskevaz Winery LLC, has been taking the best traditions of vintners beyond Armenia to new markets. Based on a strategic development plan put together with the support of EU4Business, two key goals are increasing sales 21% and expanding...
Offering a wide choice of traditional cuisine, a good combination of price and quality, with one of the largest delivery services in Armenia,the Karas Group’s business is based onan internationally-recognized system for reducing the risk of safety hazards in food. With EU4Business support, the company was able to increase turnover by 31% and grow sales by 20%in a single year. Serving 250,000...
A distinctive natural environment like Armenian soil, plenty of sun and lots of fresh water combine to ensure the unique taste and healing qualities of whole leaf herbal teas that EDNA LLC gathers, processes, mixes and packages according to the highest Organic European standards. Moreover, this income opportunity for 40 villagers from four communities offers proof of the result-oriented nature of...