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| Enterprise
Eligibility Criteria |
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quality for consideration, enterprises should meet the following
criteria:
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Legal
status: enterprise
is registered as a limited liability company, partnership,
joint-stock company or co-operative according to local legislation
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Enterprise
size: number of persons
employed at the enterprise is between 10 to 250
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Ownership:
majority (more than 50%) of shares is private and majority
of shares (at least 76%) is owned by local nationals
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Maturity:
enterprise is in existence for at least 2 years
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Enterprise
viability: enterprise
has a positive track record, is showing signs of establishing
a competitive position within the industry, and has the resources
and management will for taking effective action
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Management
quality: management
has a realistic understanding of the problem, is ready to
solve the problem using business advisory services, and is
open to cooperate with BAS and the consultant
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Respectability:
enterprise and management are credible and respectable; no
adverse image problems for either the donors or BAS
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Financial
commitment: enterprise
is ready and able to make its 50% financial contribution to
consulting expenses
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Regional
SMEs are particularly encouraged to apply.
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BAS
Programme Limitations:
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Excluded
activities: BAS does
not support enterprises engaged in audit, banking, gambling,
hard alcoholic beverages, primary agriculture, products for
military use, property development, tobacco products
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Project
duration: not limited
in duration but effectively limited by the maximum funds of
EUR 9,000 available per project
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BAS
will not support enterprises
that need rescuing or radical restructuring
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BAS
will not support any project
retroactively
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| Copyright
© 2003-2008 EBRD BAS Programme for Armenia - All
rights reserved |
| Last
updated 01.07.2008 |
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