Tue, 1 July
14.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Tatoyan family in Nerkin Getashen repairs watermill with assistance of ACBA Federation and NABU

YEREVAN, December 11. /ARKA/. The Tatoyan family in the village of Nerkin Getashen has turned a watermill, built back in the 1800s, into a real time machine, the ACBA – CREDIT AGRICOLE BANK said in a press release.

It said the family members show the watermill to the locals and foreign tourists, visiting the village, telling the story of its creation.

The family ascribe the success they registered in the field of rural tourism also to their partners. The miller Mezhlum Tatoyan says when they learned about a joint program called “Development of Rural Tourism’ which is conducted by the ACBA Federation and the Nature and Biodiversity Conservation Union (NABU), one of the oldest and largest environment associations in Germany, they applied for it immediately submitting an application and the result was not long in coming.

“With the assistance of the ACBA Federation and NABU we were able to renovate our watermill. We are grateful to them for the assistance and help,” he said.

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.

Founded in 1899, NABU encompasses more than 520,000 members and sponsors, who commit themselves to the conservation of threatened habitats, flora and fauna, to climate protection and energy policy. NABU`s main objectives are the preservation of habitats and biodiversity, the promotion of sustainability in agriculture, forest management and water supply and distribution, as well as to enhance the significance of nature conservation in our society. -0-

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

LATEST NEWS

spot_imgspot_imgspot_img