News/Press

Armenia Start-up Academy
On February 3, the eleven graduates of the EU4Business Armenia Start-up Academy presented their start-ups at the American University of Armenia. The Academy is implemented within the framework of the EU4Business SMEDA programme, funded by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) and supported by the German Federal Enterprise for...
SMEDA missions to improve statistics
The EU4Business SMEDA project in Armenia is supporting two international missions to improve SME statistics in Armenia and bring them into line with international and EU standards, while scaling up the capacities of the National Statistical Service of the Republic of Armenia (NSSRA). The two missions – with Lithuanian and Danish experts – have worked with the respective NSSRA staff to reveal...
SMEDA BMO Academy
The first round of the three-week Academy for Armenian Business Membership Organisations (BMOs) was launched this week, organised by the EU4Business SMEDA project (Support to SME Development in Armenia) . Around 13 participants representing Armenian BMOs that have SMEs as members were present to learn international best expertise on how to become an efficient organisational unit that supports,...
GLS Bank has made its second investment in the European Fund for Southeast Europe (EFSE). With its purchase of €27.9 million in EFSE notes, the bank is continuing to join forces with EFSE to ensure access to financing for micro and small enterprises and to support low-income private households in Southeast Europe and the European Eastern Neighbourhood Region, where it operates under the...
The Armenia Startup Academy (ASA) was officially launched in Yerevan this month, based at the Hero House in the Armenian capital. The initiative is supported by the EU4Business SMEDA project (Support to SME Development in Armenia) , and implemented by the Catalyst Foundation, with the aim of boosting the startup ecosystem and bringing Armenian startups to the next level. With the help of a team...
Policies to support the development of small and medium-sized enterprises (SMEs) have recently improved in Armenia, but key challenges remain and pose obstacles for the development and internationalisation of SMEs, an OECD report on ‘ Monitoring SME policy reforms in Armenia’ , produced under the EU4Business initiative, has found. The report was produced as part of the Supporting SME...
three MoUs were signed between Armenian and Iranian companies at the Forum
More than 150 young people from the regions of Armenia got together with representatives of the government and international organisations to take part in the ‘Empowering Regions Through High Tech’ conference organised by the EU4Business SMEDA project in Gyumri over two days last month. Gyumri, the second largest city of Armenia, is aiming to become the IT capital of Armenia with its...
The EU4Business project for ‘Support to SME development in Armenia’ (SMEDA), in cooperation with the Tom Fleming Creative Consultancy and Goldsmiths University of London, is organizing a three-day training for Armenian startups and a one-day training for marketing companies, taking place on 5-8 December. The training will cover the start-up journey that businesses need to go on to successfully...
The 5th Eastern Partnership Summit took place in Brussels on 24 November, marking the achievements of the last two years in the EU's relationships with its six Eastern partners, while looking forward to implementing 20 deliverables by 2020 that will bring tangible benefits to citizens, including significant pledges in the area of business support. The Summit brought together Heads of State or...
Brussels, 24 November 2017 The 5th Eastern Partnership Summit took place today in Brussels. It was a moment to celebrate the achievements of the last two years in the EU's relationships with its six Eastern partners, and to look forward to implementing 20 deliverables by 2020 that will bring tangible benefits to citizens. The Summit, held at the level of Heads of State or Government, brought...