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ARMENIAN-OWNED SMALL BUSINESS GROWS WITH HELP FROM THE EU-FUNDED BUSINESS ADVISORY SERVICES
TendersInfo.com
December 15, 2011 Thursday
A 5 million contribution from the European Union is helping the EBRD
s Business Advisory Services (BAS) to deliver business advice and
consultancy services to micro, small and medium-sized enterprises
(MSMEs) in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.
Such businesses are the main drivers of economic growth and job
creation. The EBRD s BAS, launched in 1995, assists individual
enterprises to engage with local consultants on specific projects with
a rapid payback. Additionally, BAS carries out market development
activities to develop the capacity of MSMEs and local business
advisory providers.
In Armenia, the BAS Programme brings best business standards and
improves MSME management skills such as planning, production, quality
control and marketing, thereby making them more competitive and able
to attract external financing.
One of the beneficiaries is SUNFOOD LLC, an importer and wholesaler
of ready-made and semi-cooked food products, hygiene and household
products, located in Kotayk province. BAS Armenia has assisted the
company to implement an automated corporate management information
system (CIS), and to develop a website. The CIS is customised to
Armenian legislative requirements and helps the company to find
solutions management, financial and tax accounting, production and
warehouse operations.
SUNFOOD LLC also produces napkins and liquid soaps from imported
ingredients.
The company is opening a supermarket in Yerevan s Charbakh area,
where scan-coded cash counter sales are interconnected with the
corporate information system. A BAS consultant installed the system
in the company s office. System users were trained, data entry was
facilitated and consultancy was provided in such areas as trouble
shooting. The consultant also developed a web site for the company.
The project was supported by BAS and the company co-shared the
project cost. The project has contributed to SUNFOOD LLC becoming more
efficient in managing generated income and expenditures, effectively
controlling accounting and operational issues and facilitating
reporting processes across its operations.
TendersInfo.com
December 15, 2011 Thursday
A 5 million contribution from the European Union is helping the EBRD
s Business Advisory Services (BAS) to deliver business advice and
consultancy services to micro, small and medium-sized enterprises
(MSMEs) in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.
Such businesses are the main drivers of economic growth and job
creation. The EBRD s BAS, launched in 1995, assists individual
enterprises to engage with local consultants on specific projects with
a rapid payback. Additionally, BAS carries out market development
activities to develop the capacity of MSMEs and local business
advisory providers.
In Armenia, the BAS Programme brings best business standards and
improves MSME management skills such as planning, production, quality
control and marketing, thereby making them more competitive and able
to attract external financing.
One of the beneficiaries is SUNFOOD LLC, an importer and wholesaler
of ready-made and semi-cooked food products, hygiene and household
products, located in Kotayk province. BAS Armenia has assisted the
company to implement an automated corporate management information
system (CIS), and to develop a website. The CIS is customised to
Armenian legislative requirements and helps the company to find
solutions management, financial and tax accounting, production and
warehouse operations.
SUNFOOD LLC also produces napkins and liquid soaps from imported
ingredients.
The company is opening a supermarket in Yerevan s Charbakh area,
where scan-coded cash counter sales are interconnected with the
corporate information system. A BAS consultant installed the system
in the company s office. System users were trained, data entry was
facilitated and consultancy was provided in such areas as trouble
shooting. The consultant also developed a web site for the company.
The project was supported by BAS and the company co-shared the
project cost. The project has contributed to SUNFOOD LLC becoming more
efficient in managing generated income and expenditures, effectively
controlling accounting and operational issues and facilitating
reporting processes across its operations.