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 fell 1.94 points against the Armenian dram, while the dollar and ruble remained unchanged: 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 June 23, 2026, increased by 0.01 points compared to 368.08 drams on June 22.

Unibank and “Vanq” Charity Fund Support Wheelchair Basketball Exhibition Game in Yerevan

Paralympic gold medalists and U.S. Sports Envoys Rose Hollermann and Steve Serio visited Armenia to conduct a wheelchair basketball masterclass and an exhibition game. Unibank and the “Vanq” Charity Fund jointly sponsored the concluding event held in Yerevan, supporting an initiative that combined sport with a powerful message of determination, resilience, and overcoming barriers. 

Euro, dollar, and ruble exchange rates against the Armenian dram 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 June 22, 2026, fell by 0.08 points compared to June 19, to 368.07 drams.

Yerevan’s budget revenues exceeded targets by 9.7% for the first five months

As of May 31, 2026, Yerevan's budget revenues totaled 40.3 billion drams, compared to the planned 36.4 billion drams for January-May, reported David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Unibank and Unisport took part in the “Tricolor” Yerevan Beat Run

Employees of Unibank and the Unisport club took part in the "Tricolor" Yerevan Beat Run.

LATEST NEWS

spot_imgspot_imgspot_img