Sat, 1 February
-4.9 C
Yerevan
USD: 397.35 RUB: 4.04 EUR: 412.25 GEL: 139.06 GBP: 493.31
spot_img

Armenian tea on sale in Germany with help of ACBA-CREDIT AGRICOLE BANK and German NABU

YEREVAN, March 6. /ARKA/. Armenian herbal teas “Sari Tey” (Mountain Tea), exported to Germany in 2018, are already on sale in TeeGschwendner’s chain stores and on its website as part of a joint project ‘Development of Organic Agriculture,’ which is implemented by ACBA-CREDIT AGRICOLE BANK and the Nature and Biodiversity Conservation Union (NABU), one of the oldest and largest environment associations in Germany.

ACBA-CREDIT AGRICOLE BANK said today in a press release that as a result of negotiations, a new agreement was reached at BIOFACH international exhibition of organic products to continue the export of Armenian herbal teas and increase the supplies.

The joint project ‘Development of Organic Agriculture” has been carried out in Armenia since 2015 in cooperation with ACBA-CREDIT AGRICOLE BANK and NABU Armenia. As a result of this project, companies and farmers recognized as winners in a pre-negotiated competition were able to acquire an organic producer certificate and increase their export prospects incomparably.

ACBA-CREDIT AGRICOLE BANK and NABU will continue this free project. Information about the start of the project for 2019-2020 can be found by visiting the official website of the bank www.acba.am.

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

Armenia’s 1.5% inflation in December is the highest since April – WB

Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Euro exchange rate plunges by 4.12 points to AMD 414.32

The average market exchange rate of the US dollar to the Armenian dram on January 29, 2024, amounted to 398.27 drams, down 0.09 points compared to January 27.

LATEST NEWS

spot_imgspot_imgspot_img