You are using an outdated browser. Please upgrade your browser to improve your experience.

Artak Petrosyan is a skilled craftsman who carves wood, particularly furniture in the city of Vagharshapat, in Armenia’s Armavir region. In August 2017, he started his own business after start-up training from an EU-funded project.

Petrosyan took part in the ‘Successful Start’ start-up business support programme organised by the ‘Boosting Competitiveness of regional SMEs’ project, co-funded by the European Union under its EU4Business initiative, and implemented by the Small and Medium Entrepreneurship Development National Centre of Armenia (SME DNC) and its partner organisations.

Thanks to the financial and consulting support provided by the project, Petrosyan was able to buy specialised wood carving equipment and tools that made it possible for him to start producing souvenirs.

The entrepreneur now produces wooden cups, dishes, boxes and other types of souvenirs with traditional decorative elements, made of high-quality walnut and pear wood, hand crafted with unique and unusual designs.

Artak Petrosyan sells his production in Vernissage, a special handicraft market in Yerevan, in the small souvenir shops in Vagharshapat, through restaurants and also for individual orders.


Boosting Competitiveness of Regional SMEs is a project funded by the EU under its EU4Business initiative. The project works to boost the competitiveness of regional SMEs and to create employment opportunities in the Armenian regions of Lori, Syunik and Armavir, focusing on the sectors of food-processing and tourism. It promotes the development of entrepreneurship by creating favourable conditions for start-ups and strengthening the capacity of local SMEs, while also providing relevant skills to job seekers, and developing local capacity to encourage the further promotion of economic development initiatives. 

Latest Success stories
am az by ge md ua
From the very outset, the AnVita clinic saw its core mission in providing top quality healthcare to people in small towns. The medical center successfully operated in Dobropillya town, Donetsk region, until February 2022, but Russian aggression endangered not only the operation of the clinic, but also people's lives. The business has gone through a difficult path, but still managed to stay afloat and continue its operations. And a microgrant from the EU4Business programme helped them with that.
Nothing is impossible in today’s world! While Instagram enables graphic designers, animators and photographers to create and exhibit any form of visual art, while TikTok enables dancers and actors to showcase their talent, doodooc enables music makers to visualize their music and be visible on image-focused sites – Youtube, Tiktok, Instagram, etc.
Unique, EU4Business-supported mountain biking project in Armenia aims to bring more tourists to the region. A blank space on the world mountain-biking map has been filled in – by the Boo Mountain Bike Park in the Armenian city of Vanadzor, in the country’s northern, mountainous Lori region.

This site uses cookies to offer you a better browsing experience. Find out more
I refuse cookies
I accept cookies