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

Unibank’s AMD 6.9 billion Perpetual Bonds Listed on the Armenia Securities Exchange

Unibank’s AMD-denominated perpetual bonds with a total nominal volume of AMD 6.9 billion have been listed on the Armenia Securities Exchange and included in the secondary Bbond list of bonds.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (October 5–11)

Armenia’s financial agenda last week covered inflation trends, capital market activity, new bank bond issuances, and cross-border remittances.

Net inflow of remittances to Armenia from abroad doubled over 8 months

The net inflow of cross-border remittances to individuals in Armenia, received from abroad via the banking system of the Republic of Armenia, totaled $1.8 billion in January–August 2026, compared to $889.3 million in January–August 2025, according to a report by the republic's Central Bank.

“The Golden Hour”: IDBank explains how to respond effectively to a scam attack

In medicine, there is a concept known as the “golden hour” – the critical time after an injury when assistance is most effective.

EFSD Raises Armenia’s 2026 Economic Growth Forecast to 5.8%

The Eurasian Fund for Stabilization and Development (EFSD) has raised its GDP growth forecast for Armenia for 2026 to 5.8%, up from the previously expected 5.5%.

LATEST NEWS

spot_imgspot_imgspot_img