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

Central Bank of Armenia acquired $1.9 billion in market from beginning of year through September – Finance Minister

The Central Bank intervened in the market and acquired approximately $1.9 billion from the beginning of the year through September, Armenian Finance Minister Vahe Hovhannisyan stated in parliament while presenting the draft state budget for 2027.

Euro, dollar, and ruble exchange rates fell against the Armenian dram, according to the Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, decreased by 0.06 points to 360.34 drams on November 6, 2026, compared to November 5.

CUBE INVEST becomes the first investment company to list AMD 5 billion worth of bonds on AMX

An important precedent has been set in the Armenian capital market: for the first time, an investment company has listed its bonds on the Armenian Securities Exchange (AMX).

Nearly $2 billion in new biodiversity funding announced at COP17 in Yerevan — UN

At the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP17), which concluded in Yerevan, nearly $2 billion in new funding for biodiversity conservation was announced, according to a final press release from the Convention Secretariat published on October 31.

Freedom Broker Armenia Director Expects Pause in Central Bank Rate Hike, but Points to Conditions for Further Increases (EXCLUSIVE)

The Central Bank of Armenia's further decisions on the refinancing rate will depend on inflation dynamics and its structure, according to Freedom Broker Armenia Director Hovak Hovakimyan.

LATEST NEWS

spot_imgspot_imgspot_img