Completion of the Third Group of the Entrepreneurial Education Development Program for Forcibly Displaced People from Nagorno-Karabakh
.jpg?token=10d6f6611113c07c22b532de04ebc979 "Completion of the Third Group of the Entrepreneurial Education Development Program for Forcibly Displaced People from Nagorno-Karabakh")
On September 6, the third group of the Entrepreneurial Education Development Program for forcibly displaced people from Nagorno-Karabakh, implemented by the Republican Union of Employers of Armenia (RUEA), successfully concluded. The program aimed to enhance participants’ business skills and support them in taking practical steps toward starting their own enterprises.
The third group's trainings were conducted in a hybrid format, combining in-person and remote learning, which made it possible to expand the program's geographical accessibility and ensure the participation of beneficiaries living in different marzes of Armenia. As a result of the intensive one-month course that started on August 12, 29 participants gained essential knowledge and skills necessary for establishing, managing, and sustainably developing their own businesses. They explored fundamentals of entrepreneurial activity, business organization regulations, financial planning principles, market analysis methods, and the basic requirements of Armenia's legislative and tax framework for business operations.
Participants also acquired skills in developing business plans, calculating costs, utilizing financial management tools, understanding budgeting structures, and applying information and analytical resources. The trainings also addressed financial institutions and diverse sources of investment, exploring potential financing options and effective models of collaboration. were conducted by experienced professionals in the field: Mihran Tadevosyan, RUEA Board Member, finance expert and economist, and PhD in Economics Soghomon Mirzoyan, RUEA Board Member, President of the Association of Armenian Financiers.
Participants expressed their gratitude to the organisers, highlighting that the program provided a unique opportunity for them to gain valuable knowledge and hands-on skills that will allow them to launch new business ventures, thereby ensuring stable income.
The completion of the third group marks the conclusion of the Entrepreneurial Education Development Program for forcibly displaced people from Nagorno-Karabakh, with the final outcomes and achievements to be showcased at the upcoming wrap-up conference.
It should be noted that the project was implemented with the support of International Labour Organization (ILO) under the ILO initiative “Building the capacity of constituents to pre-empt the informalisation of work and promote the transition to formality in the context of a refugee crisis.
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