Success stories

One of Vigen Mnatsakanyan's bee houses
Four new businesses have opened in the Lori region of Armenia with the support of the EU and its EU4Business initiative. The businesses, in the cities of Vanadzor, Stepanavan and Alaverdi, all launched their activities within the framework of the ‘ Boosting Competitiveness of regional SMEs ’ project, co-funded by the EU and the Republic of Armenia. Apitourism and apitherapy Apitourism and...
Artak Petrosyan in his workshop
Artak Petrosyan is a skilled craftsman who carves wood, particularly furniture in the city of Vagharshapat, in Armenia’s Armavir region . In August 2017, he started his own business after start-up training from an EU-funded project. Petrosyan took part in the ‘Successful Start’ start-up business support programme organised by the ‘Boosting Competitiveness of regional SMEs’ project, co-funded by...
It’s been almost three years that entrepreneur Aram Tovmasyan from Lernagog village in Armenia’s Armavir region has been testing at home the production of apricot kernels in salt. Both the business idea and the product are new in the Armenian market, but they have already generated great interest. The entrepreneur has developed a special technique, which allows him to produce a delicious and...
Poultry farmer Taron Yeritsyan
Taron Yeritsyan has been engaged in poultry farming in Armavir city in Armenia for five years. Now, thanks to support provided by the EU in 2017, his small family farm has hatched into a fully-fledged egg and chick production, recording double growth. A major contribution to the expansion and growth came from the ‘Boosting Competitiveness of regional SMEs’ project, co-funded by the European Union...
The production of k nitted garments and carpets is growing in Armenia, drawing inspiration from the traditions of generations and from elaborate patterns of dragons and eagles that reflect the rich history and culture of Armenia. One producer of knitted garments - LOOM Weaving - thanks to assistance provided by the European Union, has not only developed its own style that is feminine, national,...
Zhirayr Martirosyan
Zhirayr Martirosyan and Nadejda Sevoyan were among the first people to offer hostel accommodation in Goris in southern Armenia back in 2003, and they have been welcoming guests from all over the world ever since. From the beginning, the hostel stood out with its comfortable amenities, delicious Armenian food prepared by the landlady using only fresh ingredients, as well as its unique artistic...
The IT sphere has grown to be one of the most important industries in Armenia, with its startups, tech entrepreneurs and innovators who believe in a high tech future. One Armenian startup has created the Triple-E Augmented Reality Platform, and is expanding its business to Europe and beyond thanks to the assistance provided by the European Union. Armenia is looking to IT to grow the economy...
Armenia is well known for its unique cultural and creative heritage. In music, film, poetry and painting, Armenia has nurtured artists known the world over, and seen its creative potential flourish. Now, Armenian fashion designers have a chance to highlight their creative flair, thanks to the ‘ Support to SME Development in Armenia ’ (SMEDA) project, co-funded by the European Union in the...
With funding from the European Union under the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped an Armenian IT company to introduce Information Security Management Systems in accordance with international standards, leading to a soaring growth in exports. Under its Advice for Small Businesses (ASB) programme, the EBRD supported VOLO LLC, an IT...
With funding from the European Union under the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped the Da Vinci clinic, a high-profile plastic surgery and aesthetic medical centre from Armenia, to re-brand and introduce a professional website, increasing turnover by 41%. Established in 2010, Da Vinci started as a clinic specialised in diagnostics of hair...