Mon, 24 November
12.1 C
Yerevan
USD: 381.60 RUB: 4.85 EUR: 440.37 GEL: 141.13 GBP: 499.63

Acba-supported Yerevan Wine Days over

YEREVAN, June 10. /ARKA/. Yerevan Wine Days, a weekend wine festival, was held in Yerevan for a third year in a row, supported by Acba Bank. The festival welcomed Armenia’s winemakers, sommeliers, and wine connoisseurs in Yerevan’s Saryan street.

The mission of the festival is to present the creativity of Armenian winemakers to the world, as well as to promote exports and present local products at international venues, and develop tourism.

“For the third year now we have been supporting the Yerevan Wine Days event. This festival has turned into a unique holiday for our capital, which also allows us to present our partner, the international payment system Visa. Such events help small and medium-sized manufacturers enter the market and present their products,” Arsen Melkonyan, Deputy General Director for Coordination of Business Functions of Akba Bank, said.

Mary Badalyan, co-founder and director of the EventTura company, noted that a total of 87 winemakers joined the festival this year, compared to last year’s 75.

“Acba Bank has been supporting Yerevan Wine Days since 2019, and this partnership has turned into friendship. We understand the importance of our mission. You could say that it is thanks to this cooperation that the festival has become so high-profile,” Badalyan said.

The development of agriculture, winemaking and tourism in Armenia is of strategic importance for Acba Bank.

Last year, a total of 120,000 people attended the festival.

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

US dollar and ruble exchange rates rise against Armenian dram

The average market exchange rate for the US dollar to the Armenian dram on the Armenian foreign exchange market on November 18, 2025, increased by 0.29 points compared to November 17, reaching 382.01 drams.

LATEST NEWS

spot_imgspot_imgspot_img