Productive Work for Youth in Armenia
On November 19 the second Steering Committee meeting of the UNIDO project “Productive Work for Youth in Armenia” was held at the Ministry of Economy in Yerevan, chaired by the First Deputy Minister of Economy, Garegin Melkonyan and attended by Executive Director of the SME Development National Center of Armenia Gegham Petrosyan, UNIDO Team (Monica CARCO, UNIDO Chief of Investment and Technology Unit and Project Manager, Julia Rohe, Project Manager up until October 2014, Somaya Moll, Project International Expert, Marianna Petrosyan, Project National Team Leader) (as well as representatives from the Donor Organization and the Governor Offices of 4 target regions of Armenia.)
Participants discussed the progress of the project and the way forward. After 8 complete trainings the results are as follows: 130 trained, 54 approved loans, with total amount of about EUR300,000. As of now, 27 businesses have already been funded with total amount of about EUR150,000, and are successfully operating. Companies with high-growth potential will be adequately supported.