The government of the Republic of Armenia said on Thursday that it is taking steps to promote small and medium-size enterprises in the information technology sector.
Armenia joined the U.N. Industrial Development Organization's "Clean Technologies for SMEs" worldwide program in February 2013. It was the first Eastern European country to join the program. Clean Technologies for SMEs seeks to promote a clean technology-based innovative business environment, enforce an ecosystem for clean technologies and strengthen national policies aimed at improving SMEs and maximizing the institutional system's potential.
The SME sector accounts for more than 40 percent of Armenia's gross domestic product and approximately 20 percent of total exports.
The national program's partners are the Ministry of Economy, the Ministry of Nature Protection, the Ministry of Energy and Natural Resources, and the Ministry of Agriculture.
Armenia will implement the program with the assistance of the Enterprise Incubator Foundation and SME DNC. Program events such as the Digitech Expo, the Digitech Business Forum and ArmTech are meant to demonstrate the achievements of the Armenian IT sector and the result of cooperation between the government, the private sector, academia, educational institutions and donor organizations.
- Amirbekyan of Anelik Bank wins TFP Trade Expert award
- UniCredit sells non-performing mortgage loans
- European Investment Bank lends millions to AccessBank to finance small businesses
- First Ukrainian International Bank among most transparent financial institutions in region, study says
- VTB Bank named best trade-finance bank in Russia by magazine
- AtaBank, Central Bank of Azerbaijan Republic host financial literacy event
- Richard de Keijzer named managing director for ABN AMRO Commercial Finance in the UK
- Galt & Taggart named Best Investment Bank in Georgia by Global Finance magazine
- Armeconombank customers can repay loans via Idram, EasyPay terminals
- Kapital Bank joins American Bankers Association