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RUEA
SME AND WOMEN ENTREPRENEURSHIP DEVELOPMENT PROJECT IN ARMENIA (May 2019)
07/06/2019
The Republican Union of Employers of Armenia with the support of the Bulgarian Government has launched a project aimed at SME and Women Entrepreneurship Development in Armenia.

The main objective of the project is to promote the development of SMEs and women entrepreneurs in Armenia aimed at the positive social impact and poverty reduction in Armenia, as well as at the development of the new SME policy by the Government.

THE PROJECT OBJECTIVES ARE:
- Strengthening the economic role of women in Armenia through promotion of women entrepreneurship;
- Creating evidence-based basis for the development of SME strategy and new SME policy in Armenia;
- Capacity building of SMEs and women entrepreneurs;
- Promotion of entrepreneurial culture through trainings.

Within the framework of the project, the Republican Union of Employers of Armenia will carry out a deep and comprehensive analysis as well as focus groups among SMEs and women entrepreneurs in order to identify and address issues of SMEs and women entrepreneurs. Additionally desk review of the RA legislation on SME and women entrepreneurship will also be conducted.

By another component of the project capacity building to 120 SMEs and women entrepreneurs will be provided through trainings and consulting.

Thus, based on the analysis of the study and survey results among SMEs and female entrepreneurs, focus groups, as well as government officials and NGOs, a set of evidence-based recommendations will be developed in order to improve SME strategy and policy in Armenia. In addition, SMEs and women entrepreneurs working in Yerevan and marzes will receive relevant knowledge and skills on how to develop their businesses.

The results of the first phase of the project will be summed up in September 2019 during a special Conference. The project will end in December 2019.
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