Finance, skills and jobs and policy reform: EU4Business well on track to meet 2020 deliverables on SME development
More than 10,000 SMEs in the Eastern Partnership countries received loans worth a total of over €593 million under EU4Business in the period 2016-17, and over 1,500 received advisory services, while almost 8,400 received training and more than 20,000 attended events organised under the initiative.
Grovf – an Armenian startup supported by EU4Business and engaged in the Internet of Things (IoT) and database hardware accelaration – has been awarded a grant from Horizon 2020 – the biggest EU Research and Innovation programme.
Three new enterprises have opened in Sisian and Goris cities in the Syunik region of Armenia, in the frameworks of the EU-funded project on ‘Boosting Competitiveness of regional SMEs, implemented by SME DNC as part of the EU4Business initiative.
The EU and the six Eastern Partner countries have agreed to step up their cooperation on the digital economy, adopting a road map on reducing roaming charges, addressing the cybersecurity threat in a coordinated manner, and expanding e-services to create more jobs in the digital industry.
The EU-funded project on ‘Boosting competitiveness of regional SMEs’ in Armenia is organising a series of training courses on career development and customer services and communication skills, aimed at the local workforce in the regions of Lori, Syunik and Armavir.