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

Armenia to attract $150 million loan from ADB for budget support

At a meeting on Thursday, the Armenian government approved a $150 million loan agreement with the Asian Development Bank (ADB) under the "Fiscal Sustainability and Financial Market Development – ​​Subprogram 3" program.

Armenian banks’ loan portfolio in the first half of the year amounted to 8.8 trillion drams, up 11.5% – Union of Banks

The loan portfolio of Armenian banks in the first half of 2026 amounted to 8.8 trillion drams, up 11.5%, reported Daniel Azatyan, head of the Union of Banks of the Republic.

Net profit of Armenian credit institutions in the first half of 2026 decreased by 1.5 times to 21 billion drams

The total net profit (after tax) of Armenian credit institutions in the first half of 2026 amounted to 21.02 billion drams, compared to 30.73 billion drams in the first half of 2025 (a decline of 1.46 times, or 31.6%).

Central Bank of Armenia explained its decision to keep the interest rate unchanged

The Central Bank of Armenia kept the interest rate unchanged because it has not yet seen any deviation in inflation expectations from the target level, stated Deputy Chairman of the Central Bank Hovhannes Khachatryan.

Average exchange rate of the Armenian dram to the US dollar in July was 366.8 drams, compared to 384.1 drams a year earlier

In July 2026, the average exchange rate of the Armenian dram to the US dollar in Armenia was 366.8 drams (in July 2025, the exchange rate was 384.1 drams).

LATEST NEWS

spot_imgspot_imgspot_img