Francofest – the breath of French literature in Armenia 

YEREVAN, October 14. /ARKA/. Under the general sponsorship of ‘’Akba Leasing’’, the French book festival “Francofest 2024” is being held for the second year in a row, promoting the dissemination of French books, literature and culture in Armenia.

The organizer of this unprecedented cultural event was Newmag. 

Newmag presented 5 new books in Armenian at the French book festival. 

“Akba Leasing promotes the spread of reading in Armenia and this support is also an expression of appreciation for literature, art, Armenian-French cultural ties and centuries-old friendship between the peoples of our countries. It is very important that financial organizations, in addition to promoting economic development and business financing, also sponsor such cultural events,” said Sarkis Sargsyan, Deputy General Director of Akba Leasing. 

Director of the Newmag publishing house Artak Aleksanyan noted that ‘’Akba Leasing’’ traditionally promotes the Armenization of French literature and its dissemination. 

“We are very happy that we have a very good partnership with ‘’Akba Leasing’’, and I hope that this cooperation will be long-term,” said Aleksanyan.

Francofest brings the most significant international literary event in the last 15 years to Armenia. The most prestigious Goncourt Prize in the French-speaking world opens its branch in Armenia.

All publications of the books of the famous Armenian Charles Aznavour by the Newmag publishing house were carried out with the support of the financial group “Akba”, “Akba Bank”, “Akba Leasing” and “Amundi-Akba”.  

Akba Bank is a 100% shareholder of Akba Leasing.

Akba Leasing is controlled by the Central Bank of Armenia. -0-

spot_img

POPULAR

Aggregate assets of Armenian banks grew by 20.82% to 14.46 trillion drams by the end of September 2026

As of September 30, 2026, the aggregate assets of Armenian banks reached 14.46 trillion drams, an increase of 20.82% compared to September 30, 2025, according to an operational bulletin from the ARKA news agency.

Capital of Armenian Banks Reaches 2.32 Trillion Drams in January–September

As of September 30, 2026, the total capital of Armenian banks stood at 2.32 trillion drams.

ACBA Bank issues bonds totaling 10 billion drams and $10 million

ACBA Bank is offering, via a public offering, two tranches of non-documentary coupon bonds, with a total volume of 10 billion drams and $10 million. The offering period runs through February 20, 2027.

Ranking of Armenia’s Largest Banks by Asset Volume for the First 9 Months of 2026

The ARKA news agency has published a ranking of Armenia’s largest banks by total assets as of September 30, 2026.

Armenia to subsidize interest rates on loans and leases for energy storage systems — by up to 10 percentage points

Armenia is introducing a state subsidy for interest rates on loans and leases used to purchase electrical energy storage systems, announced Armenian Minister of Economy Gevorg Papoyan.

LATEST NEWS

spot_imgspot_imgspot_img