City of Roses founded in Aparan

YEREVAN, April 15. /ARKA/. In Aparan, which is rich in sunny days, a city of roses opens on the slope of a mountain. The  2.5-hectare greenhouse grows only fragrant, colorful and unique species of Dutch roses, Acba bank said in a press release.

Fully automated, the 4th generation greenhouse was established in 2019 in Saralanj by the Rose Field company that had gone through a string of difficulties at first, but there was a unifying idea – to create an Armenian flower paradise.

The greenhouse features 18 types of Dutch roses, which in addition to the local market will be exported to the Eurasian Economic Union member countries.

The greenhouse provides now jobs to 35 families, and by the end of the year the company will create 85 more jobs and expand to other regions of Armenia.

The partners of Rose Field company are the Acba bank and ACBA Leasing, a member of the Acba financial group, which supported the implementation of the greenhouse idea even in the most difficult year.

“We started the construction of the greenhouse with a pandemic, then there was the 44-day war (in Nagorno-Karabakh conflict zone), but during the whole period our supply and financing did not stop. Acba bank believed in us from the very beginning, stood by us and throughout our work our relations were not only a partnership, but much warmer and friendlier,” says Hayk Vardanyan, director of Rose Field company. Details in the video.

Acba bank is supervised by the Central Bank of Armenia. -0-

spot_img

POPULAR

Euro and dollar exchange rates against the Armenian dram rose, while the ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of March 10, 2026, increased by 0.12 points compared to March 9, reaching 377.41 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (March 2–8)

The past week in the Armenian financial market was marked by the publication of macroeconomic data, capital market activity, and the continued regulatory adjustment of the payment infrastructure.

EDB forecasts consumer price growth in Armenia of 3.3% y/y by the end of this year

The EDB forecasts consumer price growth in Armenia of 3.3% y/y by the end of this year.

A 10% or 15% cashback: Acba Leasing’s offer for businesses

In Armenia, green investments are gradually becoming not an alternative, but a strategic choice.

Guesthouse “Bees and Beekeeping” in Lori Province

In the village of Vardablur in the Lori region, at the "Beeography" guesthouse, guests are welcomed with a honey drink, considered the guesthouse's signature dish.

LATEST NEWS

spot_imgspot_imgspot_img