Thursday, September 24 2026 10:24
Alexandr Avanesov

Yerevan notes the importance of EBRD support in developing small businesses in Armenia

Yerevan notes the importance of EBRD support in developing small businesses in Armenia

ArmInfo. The Armenian government's strategic investment priorities and directions were the subject of discussions between Deputy Prime Minister Mher Grigoryan and Elisabetta Falchetti, Executive Director of the European Bank for Reconstruction and Development for Turkey and the Caucasus.

According to the government's press service, during the meeting, the parties discussed issues related to the EBRD's participation in a number of projects. They exchanged views on the implementation of major regional infrastructure programs. The parties emphasized the importance of the program aimed at increasing the competitiveness and inclusiveness of small and medium-sized enterprises, as well as the EBRD's support for small business development, particularly in Implementing grant, loan, and advisory programs that promote Armenia's exports to the EU and other international markets.

It is worth noting that the European Bank for Reconstruction and Development's total investment in Armenia reached €2.8 billion through 242 projects by the end of 2025, with annual investments reaching a record €426 million in 2025. Approximately 85% of these investments are directed toward the private sector, the green economy, infrastructure, and support for small and medium-sized businesses.