Stepan Gishyan charity foundation of ACBA-CREDIT AGRICOLE BANK helps create ‘social” bakery in Gyumri

YEREVAN, December 22. /ARKA/. The joint efforts of the Stepan Gishyan charity foundation of ACBA-CREDIT AGRICOLE BANK and Miasin (Together) foundation in Armenia’s second-largest town of Gyumri, have resulted in the establishment of a ‘social” bakery that will provide employment opportunities to local socially vulnerable young people.

According to a bank press release, there will be an Armenian-French “corner “in Gyumri. ‘This is the third project that has been completed by the foundation during this year. Much of the bread to be produced by the bakery will be donated to nursing homes, charitable canteens and orphanages, and the rest will be sold, ensuring stability and duration of the project,’ said Anna Gishyan, the head of the Stepan Gishyan charitable foundation.

She said apart from employment young people will be able to learn and improve their bread-making skills due to a training course to be delivered by their French peers.

According to the head of the Miasin foundation Satenik Hovhannisyan, the project tries to help those children who lived in closed institutions, orphanages, care centers and do not have the opportunity to get a work or study.

“We already have a similar experience, in particular, a bakery has been operating for about one year in the Proshyan community, where the students of the Zatik care center work. Thanks to the grants of the Stepan Gishyan Foundation, equipment was purchased for the bakery, in particular, a stove, machines for dough kneading, tables and everything that is necessary for training and at the same time for making high-quality French bread,” said Hovhannisyan.

The Bank said the results of the activity of the Stepan Gishyan charitable foundation will be summed up by the end of the year.

In 2015, ACBA-CREDIT AGRICOLE BANK, the French Agricole Credit, the National Federation of Credit Agricole and the family of Stepan Gishyan founded the Stepan Gishyan charitable foundation. -0-

spot_img

POPULAR

Euro continued to decline against the Armenian dram, while the dollar and ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 19, 2026, rose by 0.17 points compared to May 18, to 368.21 drams.

Summer starts with iced coffee, what if it brings bonuses too? Idram&IDBank

Summer is already in the air across Yerevan. People are choosing to walk more, work from open-air cafés, meet friends outdoors, or simply pause for a few minutes to enjoy their favorite iced latte.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 21, 2026, fell by 0.01 points compared to May 20, to 367.86 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (May 11–17) 

Last week's agenda included issues of credit institution sustainability, public debt structure, capital market development, and digital financial services. Special attention was paid to SME access to bank financing, Open Banking, and insurance technologies.

531,000 pensioners in Armenia are already receiving cashback for non-cash transactions: minister

As of April 2026, 531,000 pensioners and benefit beneficiaries in Armenia were using the cashback program for non-cash purchases, according to RA Minister of Labor and Social Affairs Arsen Torosyan.

LATEST NEWS

spot_imgspot_imgspot_img