Business friendly environment for women entrepreneurs in Armenia | EUNewsletter

Business friendly environment for women entrepreneurs in Armenia

10 July 2014
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On 4 July the “Media and Law Institute” (MLI) NGO held the closing event of the EU-funded “Establishment of a Women’s Business Club/Network and Supporting the Development of Women-owned Enterprises” project. The overall objective of the project was to raise the role of women in society by enabling them to undertake or expand entrepreneurial activities, to empower networks of women business owners who not only develop their own businesses, but also serve as mentors to other emerging women entrepreneurs, and to advocate for a business-friendly environment in Armenia. During the project, new tailor-made educational and practical reference guidelines with up-to-date information for women entrepreneurs in Armenian language were developed, published and distributed to target groups.

Project beneficiary Margarita Sedrakyan expressed her gratitude to the project’s initiators, experts and trainers for their helpful and constructive work: ‘This project is increasing proactive behaviour of Armenian women, promoting gender equality, and enabling women to use the resources, services and funds available in Armenia, which is a substantial asset for today’s women entrepreneurs’.
The coordinator of the project, Marianna Petrosyan, confirmed that within the scope of the project MLI had supported the integration of women entrepreneurs into the business community, encouraged the creation of equal conditions within it, and established women’s business club networks to raise awareness. Indeed, this became a unique tool for experience interchange and an excellent opportunity for mutually beneficial cooperation. ’We support initiatives that take a gender-sensitive approach to entrepreneurship and empower stakeholders to understand and solve issues that specifically concern women,’ she added.

The “Establishment of a Women’s Business Club/Network and Supporting the Development of Women-owned Enterprises” was implemented by MLI, with the support of the EU. The total budget of the project was €157,500 Euros, of which the EU contribution was €149,625.
The project began in January 2013 and lasted for 18 months. Project activities covered all 10 regions of Armenia and the city of Yerevan. The target group was women who wanted to start their own business, women entrepreneurs who had already started their own businesses and were in need of advisory and information support, and entrepreneurs that had problems with financial resource mobilisation for business development.

Business friendly environment for women entrepreneurs in Armenia

On 4 July the “Media and Law Institute” (MLI) NGO held the closing event of the EU-funded “Establishment of a Women’s Business Club/Network and Supporting the Development of Women-owned Enterprises” project. The overall objective of the project was to raise the role of women in society by enabling them to undertake or expand entrepreneurial activities, to empower networks of women business owners who not only develop their own businesses, but also serve as mentors to other emerging women entrepreneurs, and to advocate for a business-friendly environment in Armenia. During the project, new tailor-made educational and practical reference guidelines with up-to-date information for women entrepreneurs in Armenian language were developed, published and distributed to target groups. Project beneficiary Margarita Sedrakyan expressed her gratitude to the project’s initiators, experts and trainers for their helpful and constructive work: ‘This project is increasing proactive behaviour of Armenian women, promoting gender equality, and enabling women to use the resources, services and funds available in Armenia, which is a substantial asset for today’s women entrepreneurs’. The coordinator of the project, Marianna Petrosyan, confirmed that within the scope of the project MLI had supported the integration of women entrepreneurs into the business community, encouraged the creation of equal conditions within it, and established women’s business club networks to raise awareness. Indeed, this became a unique tool for experience interchange and an excellent opportunity for mutually beneficial cooperation. ’We support initiatives that take a gender-sensitive approach to entrepreneurship and empower stakeholders to understand and solve issues that specifically concern women,’ she added. The “Establishment of a Women’s Business Club/Network and Supporting the Development of Women-owned Enterprises” was implemented by MLI, with the support of the EU. The total budget of the project was €157,500 Euros, of which the EU contribution was €149,625. The project began in January 2013 and lasted for 18 months. Project activities covered all 10 regions of Armenia and the city of Yerevan. The target group was women who wanted to start their own business, women entrepreneurs who had already started their own businesses and were in need of advisory and information support, and entrepreneurs that had problems with financial resource mobilisation for business development.