Delegation of the European Union to Armenia

European Union boosts competitiveness of regional SMEs

12/09/2018 - 09:20
Business event

On 2 September four new enterprises officially started their activities in Vanadzor, Stepanavan and Alaverdi (Lori marz) through the support of the European Union as part of the “Boosting competitiveness of regional SMEs” project. The two-year project launched on 14 December 2016. It is funded by the European Union and the Ministry of Territorial Administration and Development of Armenia through the Pilot Regional Development Programme (PRDP). The project is being implemented by a consortium, coordinated by the SME Development National Centre of Armenia. The total project budget is €1,604,808, of which the European Union contribution is €1,123,370. The overall objective of the project is to boost competitiveness of regional SMEs and create sustainable employment opportunities in Lori, Syunik and Armavir marzes.

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