On 19 January, the International Centre for Migration Policy Development (ICMPD Armenia) hosted the closing event for the EU4IMPACT (EU for Increasing Migrants’ Potential to Act for the Development of Armenia) project. EU Ambassador to Armenia Vassilis Maragos also took part in the event, held in Yerevan.

21.02.2025

Launched in September 2020, the project was implemented alongside the Local Empowerment for Actors for Development (LEAD) project, both funded by the European Union, and as part of the EU4Business initiative. Its main goal was to empower Armenian labour migrants, returnees, and their families by mobilising remittances to invest in local development and job creation in Armenia. In addition to providing support for migrant start-ups and existing businesses, the project worked on developing innovative diaspora investment instruments.

As part of the project, approximately 300 individuals were trained, and 117 migrant start-ups and businesses received funding. These businesses spanned various sectors across Armenia, including agriculture (40%), production (34%), services (31%), and tourism and hospitality (19%). The project also created a new crowdfunding platform.

Source: https://euneighbourseast.eu/news/latest-news/eu-project-on-capacity-building-of-migrants-in-armenia-presents-achievements/