Inmates of children’s home in Gavar climb mountain Armarkhan with the help of ACBA-CREDIT AGRICOLE BANK

YEREVAN, September 15. / ARKA /. Tens of children from a children’s home in Gavar, the administrative center of Gegharkunik province, their teachers, as well as a group of children from local poor families, employees of ACBA-CREDIT AGRICOLE BANK and World Vision international charity organization climbed September 11 the top of the mountain Armakhan of Geghama mountain range, ACBA-CREDIT AGRICOLE BANK said in a press release.

It said the trip was part of a joint charitable program of ACBA-CREDIT AGRICOLE BANK, Pan- Armenian Fund Hayastan and World Vision Armenia, designed to create educational opportunities for the inmates of the children’s home in Gavar and help their social integration.

Climbing to more than 2,800 meters above the sea level, the children had the opportunity to see a crater lake on top of the mountain and visit a chapel at the site of an ancient shrine. Then they had a discussion devoted to Armenia’s Independence Day. The event was attended by 40 children and 25 adults.

“Such events allow the inmates of the children’s home develop relationships with their peers outside the institution and make new friends, which in turn helps them build communication skills and integrate in the society,” the press release said.

The joint trilateral program has been implemented in the Gavar children’s home since 2014. As part of the program the center of education was set up for about 80 children from the children’s home and poor families aged 9 -18 to have in-depth classes of Armenian and foreign languages, mathematics, history, as well as other specialized disciplines.

About 41 million drams for the financing of the program were raised by Visa Philanthropist charity bank cards issued by ACBA-CREDIT AGRICOLE BANK together with the Pan-Armenian Fund Hayastan. The program is being implemented by World Vision Armenia.

This is the first joint charitable initiative of ACBA-CREDIT AGRICOLE BANK, the Pan- Armenian Fund Hayastan and World Vision Armenia.

World Vision’s mission is to improve the lives of children in poverty, their parents and communities. It operates in more than 250 communities in Yerevan and six regions of the country, providing assistance to about 32,000 children and their families. Its programs include health, economic development, protection of children and spiritual development.

Pan-Armenian Fund Hayastan was established in 1992. Its main task is the implementation of national development projects in Armenia and Nagorno-Karabakh.

ACBA-CREDIT AGRICOLE BANK was established in 1996 as part of European Union’s TACIS program. In September 2006, France’s Credit Agricole Group became the biggest shareholder of the bank making considerable investments into its capital. -0-

spot_img

POPULAR

Food and non-alcoholic beverages accounted for approximately 59% of Armenia’s inflation in February – WB

n February, inflation in Armenia rose to 4.3% (y/y) from 3.8% (y/y) in January. According to the World Bank's "Armenia Monthly Economic Update – March 2026," food and non-alcoholic beverages continued to be the largest contributors, increasing in price by 6.5% and contributing approximately 59% to overall inflation.

Accelerating inflation in Armenia in January and February driven by food price dynamics – EDB review

In January and February 2026, inflation in Armenia amounted to 3.8% y/y and 4.3% y/y, respectively, according to the EDB's March review.

Central Bank of Armenia and banks are ready to tighten mechanisms to combat telephone fraud – Galstyan

The Central Bank of Armenia, together with banks, is ready to introduce stricter mechanisms to prevent telephone fraud, stated regulator head Martin Galstyan, responding to a question from the ARKA news agency.

Tokenization among the priorities of the Central Bank of Armenia’s digital asset strategy

Martin Galstyan, Governor of the Central Bank of Armenia, responded to a question from the ARKA news agency about whether the regulator is considering drafting a law on tokenization.

Armenia to Raise OSAGO Payout Limits on April 1 – Reason Given

In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.

LATEST NEWS

spot_imgspot_imgspot_img