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"V4 for Youth Entrepreneurship in the Regions of Armenia" 
project no. 22130172
22/01/2022 – 20/07/2023

Grant support received from the Visegrad Fund #YER #V4 #Visegrad #VisegradFund

Image by Hasmik Ghazaryan Olson


The project reacts to the problem of the internal brain drain in Armenia regarding the youth that is leaving regions (marzes) for the capital. The project has the ambition to contribute to the improvement of living conditions, more opportunities for young people in through developing business skills, including in the accounting, raising their awareness on the taxation and business regulations in Armenia, management, waste clean-ups, European programs on business development, and motivating them for establishing their own start-ups. 

The social situation in Armenia remains at a worrying level, the poverty is still huge, especially in the rural areas, which effect younths abilities to create a family. The opportunities to make a business and be engaged in the social and political life of the country a communities for women are still not equal at all. Because of mentioned problems youth is leaving regions (marzes) for the capital – Yerevan.

At time after the Velvet Revolution in Armenia in spring 2018 and the formation of the local authorities and central government through the democratic elections business in Armenia is becoming much easier than before. According to the Doing Business 2020 report, prepared by the World Bank Group, which
business regulation in 190 Economies, Armenia on 47th place, outstripping such European countries like Montenegro (50), Croatia (51), Hungary (54), etc.

The level of corruption in Armenia decreased. According to the TI Corruption Perceptions Index for 2020 Armenia sharing 60th place and Slovakia, outstripping such European countries as Croatia (63), Bulgaria (69), Hungary (69), Romania (69), Serbia (94), etc. The main issue about the business in the regions of Armenia among the youth, especially women, people with disabilities, and other vulnerable groups remain the: lack of aw of motivation, lack of appropriate skills.

About 360 young people, mostly female from the rural area will receive basic business skills, they will also become aware about European programes open for implementation in Armenia for SMEs, and will be to some extent motivated to start their own business. Mentorship for 60 young people from the rural areas will be organised during the Conference, with the involvement of experienced business persons.

Best bussiness ideas will be sent to the potential investors and specialized business organizations with the request of support in funding. Nine video-lessons will be made in the framework of the Project: two of them - based on the trainings, provided by the two local experts, one-day workshops, and four - based on the trainings, provided by three V4 experts and one local expert during the Spring Schools.

These three videos will be translated and become a base for three Armenian videos, which will be made by the in-kind contribution.

The project is co-financed by the Governments of Czechia, Hungary, Poland and Slovakia through Visegrad Grants from International Visegrad Fund. The mission of the fund is to advance ideas for sustainable regional cooperation in Central Europe.

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