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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. The project is supported by the European Union with €523,000 of grant incentives.

The funding will be used by local SMEs for investments in climate-change mitigation and adaptation as well as for upgrading technologies and services to EU standards while promoting the use of green technologies. 

The package comes under the EU4Business-EBRD Credit Line, a flagship initiative helping local companies increase their competitiveness at home and abroad by upgrading their production facilities and processes to EU standards. 

Latest news
am
21.02.2024
Dear Colleagues and Partners, we are very pleased to invite you to the high-level launch of the OECD SME Policy Index: Eastern Partner Countries 2024 on 27 February at 10:00 (Yerevan time).
am
23.01.2024
Unlike large urban centres, rural areas in Armenia often lack jobs to offer to women, regardless of their age. The region of Shirak in the north-west of the country is one such case, where female unemployment rates remain high. This was the challenge addressed by ‘Lightning’, a local NGO, with a series of small but very concrete steps.
am az ge md ua
15.12.2023
The report published today shows an extra €2.5 billion income for small and medium-sized enterprises in Eastern Partnership region, which received support through the European Union’s EU4Business Initiative in 2022.

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