Wed, 30 April
11.1 C
Yerevan
USD: 389.45 RUB: 4.78 EUR: 443.12 GEL: 141.62 GBP: 521.16
spot_img

Stepan Gishyan charity foundation to provide grants to five programs

YEREVAN, June 5. /ARKA/. The Stepan Gishyan charity foundation run by the Yerevan-based ACBA-CREDIT AGRICOLE BANK has summed up the results of grant competitions, announced at the beginning of the year, the bank’s press service reported.

It said in 2018, the foundation has received 220 applications, by 80 applications more than in the same time span of 2017. According to the decision of the foundation, assistance will be provided to five organizations that submitted their programs.

They are the programs submitted by the Resource Center for Women’s Development NGO, Soros Foundation for the Assistance of Children with Disabilities and Their Families, the Armenian-French Development Foundation, the Union of Information Technology Enterprises (UITE) and the Byurakan Astrophysical Observatory of Armenia’s National Academy of Sciences.

According to a Bank’s press release, a separate class will be created in Hrazdan School N11 with in-depth study of the French language for 1,200 pupils.

Another program will be implemented in the Shinuair community of the town of Goris. More precisely, the Resource Center for Women’s Development will purchase sewing and wool spinning machines for this community, and new jobs will be created.

The Byurakan Observatory will develop the so-called scientific tourism. The press release says this year the foundation will also help children with disabilities and their parents. Also an engineering laboratory Armath will be established in the border village of Movses.

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

ACBA was established in 1996 as part of EU’s TACIS program. As a result of a long-term and mutually beneficial cooperation between ACBA Bank and the French Credit Agricole the latter became the biggest shareholder of ACBA in 2006, September. ACBA was restructured, becoming a closed joint stock company and was renamed ACBA CREDIT AGRICOLE BANK. -0-

spot_img

POPULAR

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

LATEST NEWS

spot_imgspot_imgspot_img