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

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 15–21)

The financial week in Armenia was marked by Central Bank decisions, discussions of public debt parameters, inflation dynamics, and institutional changes in the banking sector.

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.

Net non-commercial remittances in Armenia accelerated to 16% in April – WB

Net non-commercial remittances in Armenia increased by 16% year-on-year in April from a low base in 2025, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

Institute of Theater and Cinematography has implemented the latest video editing software

A new stage of development has begun at the Yerevan State Institute of Theater and Cinematography.

Members of the Board and the CEO of the Universal Health Insurance Fund have been elected in Armenia

Members of the Board of Trustees and the CEO of the Universal Health Insurance Fund have been elected in Armenia, the government press service reported.

LATEST NEWS

spot_imgspot_imgspot_img