“Tormak” – a new corner of rural tourism in Lori (VIDEO)

YEREVAN, November 1. /ARKA/. Since 2019, the Tormak guest house has been operating on the road leading to the Stepanavan dendropark and has become one of the favorite places for tourists. According to Acba Bank’s press service, the guest house, named after the Tormak Monastery in Gyulagarak village, required expansion due to a rising number of guests each year.

The guest house “Tormak” is one of the beneficiaries of the ACBA Federation and the “Rural Tourism Development Program” of the German Nature Conservation Union (NABU). Thanks to the provided grant, it became possible to expand the guest house by adding a two-story room.

“The idea of adding a second room came to us when we realized we were losing customers due to limited space. We decided that a second, separate room was necessary. This idea had been on our minds for some time, but without the support of the Acba Federation and the NABU program, I’m not sure we could have made it happen. We also offer our guests a complimentary tour, which includes a car ride to a mountain farm, where they can walk, enjoy beautiful views, and experience the local way of life,” said Vruyr Ayvazyan, founder of the Tormak Guest House.

The most active season for the guest house is during pine pollination, when the forests release special substances that are highly beneficial for respiratory health. Tormak Guest House is known for its warm, family-like atmosphere and unique charm, attracting guests who return every year. Acba Federation is the primary shareholder of Acba Bank, holding over 81% of its shares. Through its partnership with Acba Bank, the Federation contributes to the development of agriculture, small and medium-sized businesses, and community revitalization in rural areas across Armenia. Its efforts focus on improving the business environment and enhancing the well-being of individuals engaged in entrepreneurship in these regions.-0-

spot_img

POPULAR

World Bank Group Mobilizes $342 Million in Private Capital in Armenia in FY2026—a 56-Fold Increase Since FY2022

The World Bank Group mobilized $342 million in private capital in Armenia during the 2026 fiscal year—a 56-fold increase compared to the $6 million recorded in the 2022 fiscal year, the World Bank’s Armenia office reported.

Exchange rates of the euro, dollar, and ruble against the Armenian dram have fallen – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram in Armenia's foreign exchange market fell by 0.3 points on October 14, 2026, compared to October 13, settling at 361.43 drams.

AMX Hosts Auction for 25 Billion Dram Government Bond Issuance

An auction for the issuance of government bonds totaling 25 billion drams took place at the Armenia Securities Exchange (AMX) on October 13, the exchange's press service reported.

Euro and dollar exchange rates against the Armenian dram fell, while the ruble continued to rise – Central Bank of Armenia 

The average market exchange rate of the US dollar against the Armenian dram, established on Armenia's currency market, fell by 0.48 points on October 13 compared to October 12, settling at 361.73 drams.

$284.4 million for housing for refugees from Artsakh and mortgage market development: Armenian parliament ratifies agreement with IBRD

The National Assembly of Armenia, at an extraordinary session on Monday, ratified loan and grant agreements totaling $284.4 million with the International Bank for Reconstruction and Development (IBRD, part of the World Bank Group).

LATEST NEWS

spot_imgspot_imgspot_img