Economy | EUNewsletter
23May
EU Twinning Project Ends
EU Twinning Project Ends

On 3 May a foreign direct investment conference marked the official closing of the EU’s “Strengthening the Investment Promotion and Investment Policy Institutional Framework of Armenia’’ twinning project. This project between Armenia and France started on 15 October 2015 with a budget of €810,000, and was fully funded by the EU. Twinning is an EU i...

23May
Support to SME Development in Armenia
Support to SME Development in Armenia

On 3 May an investment event was held as part of the “Support to SME Development in Armenia” (SMEDA) project. The theme of the event was nurturing innovative growth and supporting and financial opportunities for innovative SMEs and start-ups.

23May
Armenia-Turkey Investor Day
Armenia-Turkey Investor Day

On 2 May, the first ever Armenia-Turkey Investor Day was conducted in Yerevan by the Public Journalism Club of Armenia (PJC) and the Economic Policy Research Foundation of Turkey (TEPAV). The event was held in cooperation with Angel Labs, the world's first investor accelerator from Silicon Valley, and was organised as part of the “Exchange Entrepre...

10May
Negotiations on Common Aviation Area Agreement
Negotiations on Common Aviation Area Agreement

On 27 April the first round of negotiations between Armenia and the European Union on the EU-Armenia Common Aviation Area Agreement began. The Head of EU Delegation to Armenia, Ambassador Piotr Świtalski, attended the talks, which featured an Armenian negotiating team which will be led by Sergey Avetisyan, the Armenian Director of the General Depar...

4May
Mayors for Economic Growth
Mayors for Economic Growth

Mayors for Economic Growth (M4EG) is a new initiative within the Eastern Partnership Flagship Initiative on Sustainable Municipal Development, launched during a high level conference, co-organised by CORLEAP and the European Commission, in Yerevan last October.

27Apr
Promoting Integration of Syrian Armenians
Promoting Integration of Syrian Armenians

On 26 April, the EU-funded “Promoting the Integration of Syrian Armenians” project officially ended. A presentation on the project’s achievements, which began in April 2015, was also held. The aim of the project was to promote the integration of Syrian Armenians into economic activities and children’s education, and was implemented in Yerevan, Shir...

21Mar
Women in Business
Women in Business

On 7 March the “Women in Business” programme (WiB) was launched in Armenia to promote women’s entrepreneurship and support small- and medium-sized enterprises (SMEs) led by women. The European Bank for Reconstruction and Development (EBRD), the European Union, the Early Transition Countries Fund and the Government of Sweden are funding this program...

24Feb
EU Grant for Culture and Creative Sectors in Shirak region
EU Grant for Culture and Creative Sectors in Shirak region

On 17 February, the EU Ambassador to Armenia, Piotr Świtalski, made a one-day working visit to Gyumri, Shirak region. The day began with official meetings with Hovsep Simonyan, the Governor of Shirak region, and Samvel Balasanyan, the Mayor of Gyumri.

10Feb
Stop the Flow of Corruption
Stop the Flow of Corruption

On 1 February, the EU Delegation to Armenia launched a campaign to raise awareness of the negative effects of corruption and to highlight EU’s efforts in support of the fight against corruption in Armenia.

8Feb
Public Innovation for Better Governance
Public Innovation for Better Governance

January, the first month of 2017 was an Innovative month. The Armenian second “Public Sector Innovation Week” series of events took place from 19-27 January.

1Feb
Art Against Corruption
Art Against Corruption

On 27 January, Impact Hub Yerevan invited everyone to the launch of "The Art of (anti) Corruption" project. This campaign is a year-long series of events in partnership with the European Union.

21Dec
EU support for public debt efficiency in Armenia
EU support for public debt efficiency in Armenia

On 15 December, the EU Delegation to Armenia officially launched the “Support to the Public Debt Management Department (PDMD) of the Ministry of Finance” programme, which will take place from 2017-2018. The programme will support PDMD to continue its efforts to increase the efficiency of the public debt market.

20Dec
EU for Armenia’s regional development
EU for Armenia’s regional development

Seven new projects financed through the Pilot Regional Development Programme (PRDP) will help to create more economic opportunities in Armenian marzes. On 13 December, during the “Armenian Regions Benefiting from Strategic Planning and Comprehensive RD Projects” regional development conference, 7 PRDP grant contracts were signed and over €9 million...

13Dec
Annual Award Ceremony and Forum on Anti-corruption Day
Annual Award Ceremony and Forum on Anti-corruption Day

A 3-part anti-corruption event was held on 9 December as part of the EU-funded “Multi-faceted Anti-corruption Promotion” project. In the first part of the event, the Annual Anti-corruption Award Ceremony took place, which is dedicated to International Anti-corruption Day.

1Dec
ENPARD’s support continues
ENPARD’s support continues

The “Ritart Group”which sells under the“Ritea”label,has been producing and selling herbs since 2014, but only in Yerevan and in Russia. Registering as an agricultural cooperative 2016 and becoming an ENPARD beneficiary has opened up new opportunities. ENPARD enabled the cooperative to update their production facility and make necessary repairs.On 2...

24Nov
EU support for SMEs in Armenia
EU support for SMEs in Armenia

The European Union regards small- and medium-sized enterprises (SMEs) as the backbone of economic resilience in Armenia.

25Oct
EU4Business week starts in Armenia
EU4Business week starts in Armenia

The European Union has long supported large-scale reforms and projects to develop a supportive environment for doing business in Armenia.

13Oct
EU for Energy in Armenia
EU for Energy in Armenia

The European Union promotes secure, competitive, and sustainable energy in its member states. In 2015

6Oct
Armenia’s first steps towards organic agriculture
Armenia’s first steps towards organic agriculture

There are 18 active, certified, organic agricultural producers in Armenia which are being supported by the EU to find new markets.

5Oct
European type cheeses from Armenian marzes
European type cheeses from Armenian marzes

European-type cheeses will soon have a ‘Made in Armenia’ labels and have the chance to appear in European markets.

4Oct
EU and partners for the benefit of Armenian agriculture
EU and partners for the benefit of Armenian agriculture

The EU remains a steadfast supporter of the Armenia's sustainable agricultural development. The largest of the EU funded projects in this sector is ENPARD

30Sep
Rural goods in the heart of the capital
Rural goods in the heart of the capital

The history of Armenian agriculture dates back thousands of years; the fertility of Armenian soil is legendary. However, a rich harvest is not enough – you need markets and the right consumer culture.

3Aug
Roundtable discussion on corruption risks in customs clearance of imported cars into Armenia
Roundtable discussion on corruption risks in customs clearance of imported cars into Armenia

The fight against corruption is one of high priority to the European Union in Armenia, and the EU Delegation is implementing several projects to support reform in this sector.

2Aug
Evaluating budget programmes providing services to senior citizens and persons with disabilities
Evaluating budget programmes providing services to senior citizens and persons with disabilities

The EU actively supports government transparency and accountability in Armenia. As part of these efforts

11Jul
Discussing the Armenian business environment
Discussing the Armenian business environment

A joint business forum was organised on 7 July 2016 by the European Business Association, the business community and the European diplomatic community in Armenia.

27Jun
More than 600 farmers are benefiting from ENPARD
More than 600 farmers are benefiting from ENPARD

The European Neighbourhood Programme for Agriculture and Rural Development (ENPARD) supports 14 cooperatives

27Jun
EU project creates better future for 400 Armenians
EU project creates better future for 400 Armenians

The project results and challenges of the EU's migration project focusing on maximising the social and economic impact of migration for a better future in Armenia

20Jun
The EU allocates €12m grant for North-South Road Corridor
The EU allocates €12m grant for North-South Road Corridor

In improving its road connectivity with the wider Caucasus region, Armenia took another important step on 17 June 2016.

7Jun
Horizon 2020 brings EU funding to innovation and research in Armenia
Horizon 2020 brings EU funding to innovation and research in Armenia

Horizon 2020 is the EU’s largest research and innovation programme, making nearly €80 billion of funding available over seven years (2014 to 2020).

2Jun
Business promotion project lead to local economic development in Lori
Business promotion project lead to local economic development in Lori

On 31 May 2016, a press conference was held in Vanadzor to present the results and lessons learned from the “Lori region: a perspective on business

2Jun
EU Contributes to the Energy Security of Armenia
EU Contributes to the Energy Security of Armenia

As part of a €10 million EU Neighbourhood Investment Facility contribution agreement signed between the EU and Kreditanstalt für Wiederaufbau (KfW) in 2015

10May
Presentation of the state budgetary programme’s evaluation results
Presentation of the state budgetary programme’s evaluation results

On 6 May, the Economic Development and Research Centre (EDRC) and Oxfam in Armeniapresented the evaluation results of ''Benefits to increase living standards of families'' and ''Medical assistance services to socially vulnerable and special groups'' budgetary programmes.

6May
First debate at the European Club
First debate at the European Club

The inauguration and first discussion of the "European Club" took place on 3 May 2016 in Robert Schuman Hall of the Centre for European Studies.

29Apr
Empowering women and creating local jobs and income with EU funding
Empowering women and creating local jobs and income with EU funding

On 28 April 2016, all implementers, beneficiaries, partners, and state authorities involved in the “Social and Economic Empowerment of Women in Armenia” project gathered to present the results achieved over three years of project implementation.

26Feb
SME Policy Index: Eastern Partner countries 2016
SME Policy Index: Eastern Partner countries 2016

The ‎EU4BUSINESS‬ Week kicked off on Monday 22 February.

16Feb
40 producer groups will be supported by the EU
40 producer groups will be supported by the EU

During the week of 8-12 February 2016, 40 farmer groups in Shirak, Lori, Kotayk, Gegharkunik and Aragatsotn marzes presented their agricultural business plans for production of buckwheat, non-traditional vegetables, fruit and berries.

14Dec
2 Loan Agreements Signed
2 Loan Agreements Signed

The European Bank for Reconstruction and Development (EBRD) is providing a €8 million loan to Armenia

4Dec
Supporting the introduction of FMC in Armenia
Supporting the introduction of FMC in Armenia

The EU funded Twinning Project “Strengthening the Public Internal Financial Control in Armenia” in cooperation with its main beneficiary the RA Ministry of Finance organized a series of trainings aimed at the better understanding and introduction of Financial Management and Control in Armenia from October 12 to December 3, 2015.

26Nov
EU-Armenia joint fight against corruption
EU-Armenia joint fight against corruption

On 25 November 2015 the European Union Delegation organised a discussion with donor organisations on the fight against corruption.

23Nov
Women’s Entrepreneurship week in Armenia
Women’s Entrepreneurship week in Armenia

The Armenian Young Women’s Association (AYWA) and Women Entrepreneurs’ Network in Armenia have organised Women’s Entrepreneurship Week in Armenia, which has been taking place from 16-22 November 2015.

12Nov
Information event dedicated to GSP+
Information event dedicated to GSP+

The EU Delegation to Armenia invited representatives from businesses exporting to the EU, as well as those which intend to do so, and journalists to take part in an information event dedicated to the Generalised Scheme of Preferences Plus (GSP+), which took place on 10 November 2015.

19Oct
EU-Armenia continuous cooperation
EU-Armenia continuous cooperation

The 14th meeting of the EU-Armenia sub-committee on trade, economic and related legal issues took place on 16 October 2015 in Yerevan.

19Oct
New EU twinning project launched
New EU twinning project launched

The new EU twinning project between Armenia and France started officially on 15 October 2015. The EU Delegation to Armenia, the Armenian Ministry of Economy, and Business France have signed a twinning contract on “Strengthening the investment promotion and investment policy institutional framework of Armenia”.

15Oct
EU support to SMEs
EU support to SMEs

In a continuing effort to contribute to the development of sustainable infrastructure for local business advisory services, the European Bank for Reconstruction and Development (EBRD) SME Finance and Development Group in Armenia, in collaboration with the Head of the Yerevan Resident Office, initiated the second tailor-made course on “Financial Inv...

15Oct
ENPARD stakeholders meeting
ENPARD stakeholders meeting

The second stakeholders meeting of the European Neighburhood Programme for Agriculture and Rural development (ENPARD) took place on 14 October 2015.

12Oct
Signing of a memorandum
Signing of a memorandum

On 9 October 2015 a memorandum of understanding (MoU) was signed between the EU Delegation to Armenia, GIZ and the Armenian Chamber of Control.

30Sep
Rural life and traditions festival
Rural life and traditions festival

The rural life and traditions festival took place on 26 September 2015 in Yerevan, supported by the EU.

24Sep
First meeting of the anti-corruption group
First meeting of the anti-corruption group

The first meeting of the government-civil society anti-corruption working group took place on 23 September 2015 within the framework of the “Multi-faceted anti-corruption promotion” project.

30Jul
Anticorruption and a private sector
Anticorruption and a private sector

A workshop titled “Private sector face with current challenges of corruption” took place on 29 July 2015.

17Jul
Roundtable discussion on ENPARD project
Roundtable discussion on ENPARD project

The EU has provided €25 million for the implementation of the European Neighbourhood Programme for Agriculture and Rural Development (ENPARD) in Armenia.

11Jun
Establishment and development of agricultural cooperatives
Establishment and development of agricultural cooperatives

The EU Delegation to Armenia and the Armenian Ministry of Agriculture have issued a joint statement on current activities being undertaken in the “Producer group and value chains development” programme.

19May
Knowledge sharing on EU-funded project in Spitak
Knowledge sharing on EU-funded project in Spitak

A knowledge-sharing forum in the framework of the project was organised on 17 May by Habitat for Humanity Armenia foundation in cooperation with the Spitak municipality.

1Apr
Public discussion on agricultural strategy
Public discussion on agricultural strategy

The public discussion on 2015-2025 Agricultural and Rural Area Development Strategy was organised by the OXFAM at Armenian Ministry of Agriculture on 30 March, 2015.

17Mar
Signing of 3 agreements between the EU and Armenia
Signing of 3 agreements between the EU and Armenia

A meeting between Wilhelm Molterer, Vice President of the European Investment Bank (EIB), and Hovik Abrahamyan, the Armenian Prime Minister, took place on 16 March.

16Mar
€1.7m for renewable and efficient energy
€1.7m for renewable and efficient energy

The Habitat for Humanity Armenia, in partnership with the Vayk and Spitak municipalities, began on 12 March 2015 the implementation of the EU-funded project called “Access to renewable and efficient energy in the municipalities of Vayk and Spitak”.

16Mar
New businesses supported by the EU
New businesses supported by the EU

The EU Delegation to Armenia and the Armenian Young Women’s Association (AYWA) organised a press briefing for journalists on 11 March.

12Mar
Food Female Hero 2015 in the frames of an EU project
Food Female Hero 2015 in the frames of an EU project

The “Food Female Hero 2015” national award ceremony took place on 6 March 2015.

9Mar
SME competitiveness in Armenia
SME competitiveness in Armenia

Armenia was included in the OECD “Eurasia Competitiveness” programme in December 2013.

12Dec
Uniting Armenian and Georgian energy systems
Uniting Armenian and Georgian energy systems

The signing of a loan agreement took place on 9 December at the Armenian Ministry of Finance. Gagik Khachatryan, on behalf of the ministry, representatives of KfW bank and “High Voltage” CJSC signed an agreement for a €85.2m loan; €75m will be provided by the KfW bank and another €10.2m by the Federal Republic of Germany for the primary stage of th...

2Dec
Public finance reforms through an EU programme
Public finance reforms through an EU programme

A conference on the role of the Chamber of Control was held on 28 November, attended by representatives of various state institutions and the International Organisation of Supreme Audit Institutions. The conference was organised within the framework of the EU-funded “Public Financial Management in the South Caucasus” programme, implemented togethe...

30Oct
SME development as a primary goal
SME development as a primary goal

On 22 October the European Union and the European Bank for Reconstruction and Development (EBRD) organised a meeting concerning the ways of supporting local small- and medium-sized enterprises (SMEs) to have access to finance and know-how. The Head of Cooperation of the EU Delegation to Armenia, Hoa-Binh Adjemian, stated that the development of SM...

30Oct
EU budget support governance board
EU budget support governance board

On 21 October a governmental session was convened at the Armenian Ministry of Economy to discuss EU budget support programmes, as well as future proposals. The Head of the EU Delegation to Armenia, Ambassador Traian Hristea, expressed his appreciation for projects implemented until today: ‘The EU is Armenia's largest assistance donor, and has been...

17Oct
EU supports raising SME competitiveness
EU supports raising SME competitiveness

On 7 October a working meeting on the “Promotion of SMEs’ competitiveness in Eastern Partner countries: Armenia” project took place in Yerevan. The Head of Political Section of the EU Delegation to Armenia, Dirk Lorenz, and the Armenian First Deputy Minister of Economy, Garegin Melkonyan, and the Head of the “Eurasia” competitiveness project, Grego...

16Sep
Public internal financial control
Public internal financial control

The launch of the EU-funded twinning project called “Strengthening the Regulatory and Institutional Framework of Public Internal Financial Control and Supporting the Central Harmonisation Unit (CHU) in its role of operationalising the new system in the Republic of Armenia” took place on 11 September. The project is designed to support public intern...

10Jul
Public expenditure and financial accountability
Public expenditure and financial accountability

On 3 July a Steering Committee Meeting on the “Multi-Sector Budget Support Programme 2010 & 2011” took place at the Armenian Ministry of Economy. Within the framework of the meeting the key issues concerning the budget support programme implementation were discussed. Deputy Minister of Economy Garegin Melkonyan presented the background of the p...

10Jul
Business friendly environment for women entrepreneurs in Armenia
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 activit...

8Jul
Lorva Orran Centre for Armenian cultural, artistic and culinary entertainment
Lorva Orran Centre for Armenian cultural, artistic and culinary entertainment

On 28 June the opening ceremony of the Lorva Orran Centre for Armenian cultural, artistic and culinary entertainment took place in Pambak, Lori region. The opening ceremony was attended by travel agencies and tour operators, international organisations, and embassies in Armenia, and was organised by the “SOSE Charity” NGO, which is currently implem...

8May
Energy-efficient Housing Finance
Energy-efficient Housing Finance

On 29 April 2014 the launch event of “Energy-efficient Housing Finance” project took place in the Best Western Congress Hotel, Yerevan. This project has been initiated by the National Mortgage Company (NMC), the French Agency for Development, the EU Neighbourhood Investment Facility and the KfW Development bank. The project will provide over 3,000 ...

9Apr
Promoting Innovative Rural Tourism in the Black Sea basin region
Promoting Innovative Rural Tourism in the Black Sea basin region

On 27 March, a meeting with the beneficiaries of the “Promoting Innovative Rural Tourism in the Black Sea Basin Region” project took place at the Erebuni Plaza Business Centre in Yerevan. The event was organised by Heifer Armenia in cooperation with the European Union. The goal of this programme is to establish regional cooperation between the f...

21Feb
Factoring training for Armenian private sector representatives
Factoring training for Armenian private sector representatives

On 11-12 February 2014 a training session entitled “Introduction to Factoring and Structuring Factoring Transactions”, funded by the EU Neighbourhood Investment Facility, was organised by the European Bank for Reconstruction and Development (EBRD) as part of its Trade Facilitation Programme (TFP). Thirty nine representatives from nine Armenian ban...

17Feb
Armenian wine producer improves business
Armenian wine producer improves business

Pomegranate, blackberry, apricot and two dozen other fruit wines are among the top-selling products of 365 Wines, a small specialised beverage producer in Armenia. The business has been steadily growing and exports to the EU, Russia and as far as the US and Australia now account for 70 per cent of its operations. But with growth, the business also...

10Dec
EU and Armenian experts sum up results of efforts to improve the Armenian market surveillance system
EU and Armenian experts sum up results of efforts to improve the Armenian market surveillance system

The closing conference of the “Harmonisation with International/EU standards and institution building of the State Inspectorate of Market Surveillance” twinning project was held on 7 November. This EU-funded project had been launched in May 2012 to strengthen the capacity of the Armenian State Inspectorate of Market Surveillance. The results of th...

3Jun
10 years of small business support
10 years of small business support

On 14 May 2013 the Small Business Support initiative (SBS) of the European Bank for Reconstruction and Development (EBRD) celebrated its 10th anniversary in Armenia. SBS is a project funded by the European Union and implemented by the EBRD. The EBRD supports economic development in Armenia by stimulating change in enterprise among small businesses ...

11Feb
Promoting economic development through support to entrepreneurship
Promoting economic development through support to entrepreneurship

On 13 December, the the EU funded "East Invest" project presented results of ongoing activities and highlighted the achievements of its “Twinning” component. “East Invest” is a regional EU funded project implemented by the European Chamber of Commerce. with a local partner the Chamber of Commerce and Industry (CCI) of Armenia, East Invest is a r...

18Dec
Safe and upgraded metro in Yerevan
Safe and upgraded metro in Yerevan

Improving the safety and energy efficiency of Yerevan's metro has been the aim of a large-scale EU investment project which started in 2010, and whose results are already visible for every-day users. Thanks to joint financing from the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the European Union’...

13Jul
Introduction of the Harmonised Consumer Price Index in Armenia
Introduction of the Harmonised Consumer Price Index in Armenia

With the assistance of the Armenian National Statistics Service and within the framework of the EU “Forwarding Armenian Statistics through Twinning” project, a seminar on the Harmonized consumer price index contribution to Armenia was held on 12 July 2012. The seminar was organised by EU experts, with assistance from the Danish, Lithuanian and Lat...

29Mar
Improving consultancy in Armenia
Improving consultancy in Armenia

Armenian business consultants received training on professional skills and ethics through the "Business Advisory Service" project of the EBRD, supported by the EU. The European Union provided €10,000,000 for consulting and expert assistance for micro-, small- and medium-sized enterprises in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukrain...

2Dec
Deep and Comprehensive Free Trade Agreement: a new perspective for the Armenian economy
Deep and Comprehensive Free Trade Agreement: a new perspective for the Armenian economy

The negotiations on deep and comprehensive free trade agreement (DCFTA) with the EU are envisaged to be launched in the near future. As part of the future EU-Armenia Association Agreement, the creation of a deep and comprehensive free trade area will open the European market to Armenia and will promote foreign investment. Before negotiations on t...