EU support to SMEs | EUNewsletter

EU support to SMEs

15 October 2015
ARS_3632

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 Investment Preparation”. This initiative again became possible through the European Union, the EBRD’s core donor in advisory support activities to support the development of sustainable private sector in Armenia, which brings international best practice and local know-how to local SMEs. During the press conference, which took place on 14 October, EBRD and EU representatives talked aboout the courses that will take place on 15-16 October in Yerevan.
The overall objective of the “Financial Investment Preparation” course is to increase demand for local consultancy services to prepare local enterprises for the various stages of financial investment and to increase shareholder value as a result of obtaining funding within the engagement spectrum. It will reflect the latest developments in financial products and instruments, and will facilitate the transfer of knowledge and skills to local consultants.
ARS_3652Ludovic Ciechanowski, International Aid/Cooperation Officer in the EU Delegation in Armena, talked about the importance of EU’s support to SME development: ‘We are going to implement many programmes here in Armenia; all of them will be possible with our partners support. Investment is key in our cooperation with Armenia – this week we will launch a twinning project to support this sector further. For us it is very important to show that we stand here to support SMEs’.
ARS_3643Mark Davis, the Head of the Yerevan Resident Office, went into detail about what was required on the Armenian side: ‘More modern business processes, such as strong corporate governance, transparency, environmental and social policies, and investor relations are key in attracting junior forms of capital, including mezzanine and equity investments, as well as market instruments such as bonds and listed equity, which can provide the critical long-term capital firms need to grow and prosper’.
Taking into consideration the recent positive experience in the EU’s “SME Flagship Initiative”, the EBRD again invited Gavin Ryan to deliver the “Financial Investment Preparation” course to local consultants. Ryan is an international expert with over 25 years’ experience in the financial industry and private equity markets, and will share his expertise of exposing local SMEs to investment opportunities, allowing them to grow and become genuine catalysts for local economies.
Ryan gave more details on the course: ‘The training course is a practical one, based upon relevant experiences and cases from Central and Eastern European countries. We aim to equip SMEs and their consultants with the necessary skills to secure the financial resources for growth. This we will do by exploring equity and quasi-equity products on the marketplace. We will look at the positive actions an SME can take to position itself, such as corporate governance upgrading and good business planning’.

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 Investment Preparation”. This initiative again became possible through the European Union, the EBRD’s core donor in advisory support activities to support the development of sustainable private sector in Armenia, which brings international best practice and local know-how to local SMEs. During the press conference, which took place on 14 October, EBRD and EU representatives talked aboout the courses that will take place on 15-16 October in Yerevan. The overall objective of the “Financial Investment Preparation” course is to increase demand for local consultancy services to prepare local enterprises for the various stages of financial investment and to increase shareholder value as a result of obtaining funding within the engagement spectrum. It will reflect the latest developments in financial products and instruments, and will facilitate the transfer of knowledge and skills to local consultants. ARS_3652Ludovic Ciechanowski, International Aid/Cooperation Officer in the EU Delegation in Armena, talked about the importance of EU’s support to SME development: ‘We are going to implement many programmes here in Armenia; all of them will be possible with our partners support. Investment is key in our cooperation with Armenia – this week we will launch a twinning project to support this sector further. For us it is very important to show that we stand here to support SMEs’. ARS_3643Mark Davis, the Head of the Yerevan Resident Office, went into detail about what was required on the Armenian side: ‘More modern business processes, such as strong corporate governance, transparency, environmental and social policies, and investor relations are key in attracting junior forms of capital, including mezzanine and equity investments, as well as market instruments such as bonds and listed equity, which can provide the critical long-term capital firms need to grow and prosper’. Taking into consideration the recent positive experience in the EU’s “SME Flagship Initiative”, the EBRD again invited Gavin Ryan to deliver the “Financial Investment Preparation” course to local consultants. Ryan is an international expert with over 25 years’ experience in the financial industry and private equity markets, and will share his expertise of exposing local SMEs to investment opportunities, allowing them to grow and become genuine catalysts for local economies. Ryan gave more details on the course: ‘The training course is a practical one, based upon relevant experiences and cases from Central and Eastern European countries. We aim to equip SMEs and their consultants with the necessary skills to secure the financial resources for growth. This we will do by exploring equity and quasi-equity products on the marketplace. We will look at the positive actions an SME can take to position itself, such as corporate governance upgrading and good business planning’.