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.


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Success stories

eSwap: artificial intelligence to manage online sales
The start-up ecosystem in landlocked Armenia generates high value companies in a country with highly intelligent human capital. The eSwap start-up with its enthusiastic team of Gyumrians, inhabitants of the second largest city of Armenia, provides a multi-channel ecommerce management tool with a cutting edge innovation – integrated artificial intelligence, thanks to the assistance of the European...
EU helps Shirak region become IT centre of Armenia
Information technologies (IT) are growing rapidly in Armenia. The country’s government announced IT as one of their priorities and recently decided to establish a Ministry of High Technologies. The Armenian government has also adopted laws according to which newly created IT startups will be granted tax privileges until 2020. In Armenia, almost everything is by and large centralised in the...
EU promotes social entrepreneurship in Armenian provinces
Social entrepreneurship is a relatively new phenomenon in Armenia. As recently as five or six years ago, few people knew about it. Despite the fact that there is still no legislation in place regulating it, social entrepreneurship is growing in Armenia. The non-governmental sector is the driving force in this process. Representatives of the sector are now drafting the relevant laws, which are to...