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SME Policy Index: Eastern Partner Countries 2024

Building Resilience in Challenging Times

image of SME Policy Index: Eastern Partner Countries 2024

The SME Policy Index: Eastern Partner Countries 2024 – Building resilience in challenging times is a unique benchmarking tool to assess and monitor progress in the design and implementation of SME policies against EU and international best practice. It embraces the priorities laid out in the European Union’s SME Strategy for a sustainable and digital Europe and is structured around the ten principles of the Small Business Act for Europe, which provide a wide range of measures to guide the design and implementation of SME policies. This report marks the fourth edition in this series, following assessments in 2012, 2016, and 2020. It tracks progress made since 2020 and offers the latest key findings on SME development and related policies in the countries of the Eastern Partnership (EaP). It also identifies emerging challenges affecting SMEs in the region and provides recommendations to address them. The 2024 edition benefits from an updated methodology that also offers a deeper analysis of policies to support the digital transformation of SMEs.

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Armenia: Small Business Act country profile

This chapter provides an assessment of the progress made by Armenia in implementing the Small Business Act (SBA) for Europe over the period 2020-23. It starts with an overview of Armenia’s economic context and dives further into the characteristics of the country’s SME sector. It then develops on the state of selected framework conditions for the digital transformation of SMEs. Finally, it analyses Armenia’s progress along twelve measurable dimensions grouped in five thematic pillars and sets out targeted policy recommendations.

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