Production of natural vegetable oils established in Spitak

YEREVAN, April 18. /ARKA/. White violet – a small social enterprise in Spitak – creates natural plant oils. Twelve plant extracts were obtained in the production: nettle, chamomile, rose, basil, even lilac and dandelion, but they decided to have linden, sand thorn and rosehip seed oils as the main products.

White violet was founded by a human rights non-governmental organization operating in Spitak, which deals with the protection of women’s and children’s rights. The production workers are women, who are the beneficiaries of the human rights organization. 

White violet has become an employer and a stable source of income: in the future, they want to expand their activity and create workplace for more than 50 women in Lori region.

White violet is one of the beneficiaries of Acba Federation educational program; thanks to the financing the company received a chance to become a member of Impact Hub ecosystem within one year. Thanks to the program, the social enterprise has passed trainings and received consultation on methods in different spheres. 

In the future, the product range will expand; after positioning themselves as a vegetable oil manufacturer they will create essential oils for cosmetic purposes. 

“Why “violet?” Despite being small, violets spread their smell everywhere, and being a small social enterprise, we will have big influence. Our goal is to provide women with work, to empower them economically, to solve their bread problem, and we want our city to become famous. When they say Spitak, everyone remembers the earthquake. We want to add color. We decided to deal with the plants that are known in science and there is a lot of information about them in the literature,” says Ashkhen Babayan, the founder of White Violet social enterprise.”

Now the oils are sold at exhibitions, soon the products will also be sold in pharmacies and beauty centers.

Acba Federation is the only significant participant of Acba Bank with 83.8 percent stake in the bank’s shares. Thanks to its participation in Acba Bank, Acba Federation contributes to the development of agriculture, small and medium businesses in rural areas, development of communities, revitalization and development of the business environment in rural areas and communities, and the growth of the well-being of every person carrying out business activities in these areas.

More details in the video.  -0-

spot_img

POPULAR

EDB forecasts inflation in Armenia at 4.4% by the end of 2026

Inflation in Armenia will reach 4.4% year-on-year by the end of 2026, according to the Eurasian Development Bank (EDB).

Euro, dollar, and ruble exchange rates against the Armenian dram rose after declining in previous days: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.05 points on September 3, 2026, compared to September 2, to 364.19 drams.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.15 points on September 7, 2026, compared to September 4, to 363.7 drams.

IMF noted the low level of insurance coverage for natural disaster risks in Armenia

Insurance penetration in Armenia remains low, particularly in agriculture and property insurance, according to the International Monetary Fund's report "Armenia: Climate Policy Diagnostic - July 2026," published on September 3, 2026.

AMX held government bond placement and exchange auctions totaling approximately 38 billion drams

Yesterday, the Armenia Securities Exchange held a government bond placement auction totaling 35 billion drams and exchange auctions totaling over 2.9 billion drams.

LATEST NEWS

spot_imgspot_imgspot_img