The EU is supporting SMEs through 20+ projects in Armenia

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.

The project focuses on initiating public-private partnership discussions in Ijevan, Armenia, with the goal of creating a sustainable environment for fostering innovative entrepreneurship in tourism, high-value agriculture, and food processing sectors.

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.

Lake Sevan, the largest freshwater lake in the Caucasus Region, serves as a crucial source of water, irrigation, aquaculture, and hydropower in Armenia, directly impacting both environmental health and economic prospects. With backing from the EU Water Initiative (EUWI) Plus, Armenia is crafting its initial River Basin Management Plan for Lake Sevan to enhance long-term water resource management. EU4SEVAN will leverage ongoing efforts and initiatives to bolster environmental safeguards for Lake Sevan, aligning with broader objectives.

The EU for IMPACT Armenia project seeks to enhance the welfare of Armenian labor migrants, returnees, and their families by mobilizing remittances for local development and fostering job creation in Armenia.

The project, under the EU4Business initiative, aims to promote balanced and inclusive growth in tourism and innovative industries in Armenia. It focuses on developing innovative tourism ventures in Northern regions, supporting high-tech entrepreneurs, facilitating international knowledge exchanges for researchers, and fostering entrepreneurship culture among students and the general population.

The project provides an online portal for accessing regional trade information, conduct surveys on trade barriers, and offer training to enhance the collection and analysis of trade data.

EU-GAIA, the EU Green Initiative in Armenia, stands as the largest agricultural support project in the country, funded primarily by the European Union (EU) and co-implemented by the Austrian Development Agency (ADA), with partial implementation by the United Nations Development Programme (UNDP).

The EU4Environment Action aims to bring a higher level of environmental well-being for citizens in the Eastern Neighbourhood while also helping the six partner countries to grasp opportunities of greener economic growth and preserve their natural capital.

Structural Reform Facility (the Facility) aims to promote sustainable and fair economic growth models in Eastern Partnership (EaP) countries, leading to increased investments and better socio-economic conditions and job prospects for citizens.