YEREVAN, March 7. /ARKA/. Speaking at the official launch of Women in Business program, designed by the European Bank for Reconstruction and Development (EBRD) to support women-led small and medium-sized enterprises (SMEs) in several former Soviet republics, included in EU’s Eastern Partnership program, the head of the EU Delegation to Armenia, Ambassador Peter Switalski noted that Armenia has been one of the first states in the Neighborhood Policy countries, making use of the EBRD program.

“The EU believes that Armenia women along with the younger generation are obliged to fulfill their role as a driving force for Armenia’s economy, while the European Union will continue to make new investments in the sphere,” Peter Switalski said.

‘The availability of financial resources is the "Achilles' heel" in Armenia, especially given the large gap between interest rates and inflation, which makes payment of loans for many entrepreneurs simply impossible, "Switalski said.

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on EBRD, European Union, and Sweden help to promote Armenian women’s participation in business

Tags: Armenia, EBRD, European Union, Sweden, women

Read more