The EU is supporting SMEs through 20+ projects in Armenia

Start date: 20.04.2023
End date: 31.01.2029
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The initiative aims to boost women's entrepreneurship and overall involvement in business across EaP countries by enhancing access to both financial and non-financial business development services.
Start date: 27.12.2022
End date: 27.12.2024
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Intermediated facility with the Central Bank of the Republic of Armenia (CBA) to support the economic recovery and resilience of the country by enhancing access to financing for micro, small, medium-sized enterprises (MSMEs) and mid-caps.
Start date: 21.12.2022
End date: 21.03.2025
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The regional project, commissioned by the European Commission (EC) and undertaken by the European Bank for Reconstruction and Development (EBRD), aims to facilitate the transition and foster sustainable and equitable economic growth models in the Eastern Partnership (EaP) countries.
Start date: 01.04.2022
End date: 31.03.2025
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The "Creative Accelerator Program" (CAP), initiated by the Armenian General Benevolent Union Armenia (AGBU) and Creative Armenia (CA), aims to revitalize Armenia's creative industry ecosystem, promoting a flourishing creative economy.
Start date: 01.03.2022
End date: 31.08.2024
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The project aims to revitalize the abandoned Soviet sewing factory into DILIJAN FACTORY, a modern space fostering collaboration among enterprises and individuals, stimulating creativity and idea exchange while reducing entrepreneurial risk. The initiative includes renovating the building, establishing production units with market access, creating a Business Support Center, a Coworking Center with Incubator and Accelerator, and a Hospitality Business Association.
Start date: 01.02.2022
End date: 31.12.2027
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The program seeks to improve financial access for micro-enterprises and SMEs in the country, funded by the European Commission and the Dutch Government.
Start date: 17.01.2022
End date: 16.10.2025
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TUMO Center for Creative Technologies (TUMO) is a dynamic educational hub blending education, creativity, and technology. Since 2011, TUMO has offered a free after-school program empowering teenagers to direct their learning. With over 22,000 students weekly in TUMO centers and TUMO Boxes across Armenia, it provides self-learning activities, workshops, and project labs targeting 14 learning objectives. Expanding its reach to Kapan, TUMO Kapan will be housed in the historic Kapan Railway Station, dating back to 1932.
Start date: 01.01.2022
End date: 31.03.2025
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The “Support to Quality Infrastructure in Armenia” project, developed jointly by UNIDO and the Armenian Government and funded by the European Union, aims to continuously strengthen the NQIS in Armenia, especially the metrology system for trade competitiveness and sustainable industrial development.
Start date: 19.06.2021
End date: 31.08.2024
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The Bank manages multiple tasks, such as aiding Small and Medium Enterprises (SMEs) and improving firm productivity. It aims to help Armenia's Ministry of Economy by analyzing firms to find ways to enhance productivity and job growth. Additionally, it strengthens the National Statistics Agency's ability to collect firm data.
Start date: 01.01.2021
End date: 30.12.2024
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The Mayors for Economic Growth (M4EG) initiative, a partnership between the EU and UNDP, supports mayors and their teams across the Eastern Partnership region.
Start date: 23.12.2020
End date: 22.06.2041
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The European Fund for Southeast Europe (EFSE), among the leading development finance funds globally, seeks to promote economic development and prosperity in Southeast Europe and the Eastern Neighbourhood Region.
Start date: 21.12.2020
End date: 31.10.2024
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This project assists Eastern Partner governments in enhancing institutional frameworks, particularly for SMEs. It involves supporting the development of SME strategies, implementing monitoring systems, and fostering public-private dialogue to inform policymaking and monitor reform progress.
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