YEREVAN. – The European Union (EU) and the European Bank for Reconstruction and Development (EBRD) plan to invest €40 million in the capital market of Armenia.

Hoa-Binh Adjemian, Head of Cooperation Section of the EU Delegation to Armenia, on Wednesday informed that assistance to small and medium-sized enterprises is the foundation of cooperation with Armenia.

“Over the last three years, more than 250 small and medium-sized entrepreneurs in Armenia have made use of consulting services,” he noted.

A three-day training course for financial consultants in Armenia has begun Wednesday in capital city Yerevan. The objective of this program is to improve the efficiency of consulting services being  provided to the small and medium-sized enterprises in the country.