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EU4Business published its 2020 country report, covering all EU support to SMEs in Armenia. The country report provides detailed information about EU assistance across all three priority areas of the programme: access to finance, business development services and the business enabling environment.

In 2019, the EU disbursed €18.3 million in 2019 to support a total of nearly 8,330 SMEs in Armenia, a third of which are owned by women. This resulted in over 4,588 new jobs and €102.9 million in extra income generated by EU-supported SMEs in Armenia.

For your reference:

Country Report Armenia 2020

News about the country reports released for the six EaP countries

Latest news
On 12 November, the EU Delegation to Georgia and United Nations Development Programme (UNDP) officially announced the start of the second phase of the Mayors for Economic Growth facility.
The European Bank for Reconstruction and Development (EBRD) is providing a US$ 5 million financial package to Inecobank in Armenia to facilitate the private sector’s transition to more sustainable, low-carbon and climate-resilient practices.
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Since the outbreak of COVID-19 in early 2020, the EU, EU Member States and European financial institutions, as Team Europe, have disbursed €34 billion in support to partner countries in addressing the pandemic and its consequences, delivering on their promises with concrete results.

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