Fri, 20 February
9.1 C
Yerevan
USD: 376.82 RUB: 4.90 EUR: 443.25 GEL: 140.90 GBP: 507.65

Maghay: A welcoming corner in Vanadzor (video)

YEREVAN, March 9. /ARKA/. Marina Davtyan and her family, who live in Vanadzor, started a hotel business by turning their own home into a guesthouse calling it Maghay.

According to the press service of ACBA CREDIT AGRICOLE BANK, the business launched years ago is booming day by day, hosting guests from all over the world. In parallel with the fast-growing flow of tourists, the family decided to expand the business and build the second floor of their guesthouse.

The first business partner to respond to their initiative was ACBA CREDIT AGRICOLE BANK and construction of the second floor began.

“It took us one year to build the second floor in 2018. Our partner, the ACBA CREDIT AGRICOLE BANK, helped us much achieve our goal. On January 1, 2019, we registered the first reservation for the new rooms of the guesthouse. We worked until December 31 to have the second floor accomplished,” says Marina Davtyan.

Ms. Marina, along with other family members, participated in free business courses organized by ACBA CREDIT AGRICOLE BANK to take another step in the development of the family business.

“In 2019, we received an invitation to participate in the courses of ACBA CREDIT AGRICOLE BANK. As a result of these courses, I not only gained new knowledge; human communication was also useful, new contacts were established,” Ms. Marine notes.

The ACBA CREDIT AGRICOLE BANK is controlled by the Central Bank of Armenia.

ACBA was established in 1995 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—–0-

spot_img

POPULAR

In Armenia, more than 21,000 citizens have signed up for cashless pension and benefit payments — Ministry of Social Affairs

By February 19, 2026, 21,539 citizens in Armenia have voluntarily switched to cashless pension and benefit payments, announced Minister of Labor and Social Affairs Arsen Torosyan.

Euro fell 2.54 points against the Armenian dram, while the dollar and ruble also declined

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 19, 2026, fell by 0.74 points compared to February 18, to 376.94 drams.

Union of Banks of Armenia: cryptocurrency market is gaining momentum with 2-3 banks planning to obtain licenses

The Armenian cryptocurrency market is gaining momentum: 2-3 banks plan to obtain separate licenses to handle these operations, Daniel Azatyan, head of the Union of Banks of Armenia (UBA), stated in response to a question from ARKA news agency.

Share of bad loans is decreasing – head of the Union of Banks of Armenia

The share of bad loans in the system is declining and is less than 2%. Daniel Azatyan, head of the Union of Banks of Armenia (UBA), announced this at a final press conference.

Byblos Bank Armenia online loan via mobile: Up to AMD 10 mln in just minutes

Byblos Bank Armenia has launched an online lending product, enabling customers to apply for and receive financing within minutes.

LATEST NEWS

spot_imgspot_imgspot_img