Sat, 14 February
5.1 C
Yerevan
USD: 376.94 RUB: 4.88 EUR: 446.90 GEL: 140.43 GBP: 513.28

From a small family dream to a large business: Danielyan sweets

YEREVAN, 23 December. /ARKA/. The Danielyan family started their business after the Spitak earthquake – first in a small house, and now they have more than 500 employees. The family under Danielyan Sweets and Danielyan Bakery brands produces various cakes and pastries, high quality bakery products and sweets. Danielyan’s production and sales outlets are located in Spitak, Vanadzor, Artik and Yerevan.

The production partner of the company is Acba Leasing, the leader of the Armenian leasing market. With its support the company was enriched with equipment for automation of baking processes of bread, bakery and confectionery products, as well as refrigeration equipment, production cookers and ovens.

‘The base of all our enterprises is located in Spitak. We started doing business right after the earthquake: we started in a small house and with one sack of flour, sold the products and invested the money we received in the production development. Now, before we start production, we study the market, local prices, demand and try to make offers that are in line with the market. We are extremely honest with clients, perhaps, this is the key to our success. We started co-operating with Acba Leasing a few years ago: we applied and started co-operation, which is still going on. From the moment we started co-operating with Acba Leasing, our enterprises started to expand. I believe that there are many opportunities for work in Armenia, and I myself know that the more I work, the bigger sums we will receive, the more production facilities we will open,’ says Tigran Danielyan, founder of Danielyan Sweets and Danielyan Bakery.

Danielyan Sweets and Danielyan Bakery will also open a shop in Gyumri in the near future: work is underway to start activities outside Armenia.

Acba Leasing’s 100 per cent shareholder is Acba Bank. Acba Leasing is overseen by the Central Bank of Armenia. -0-

spot_img

POPULAR

Unibank Becomes  A-Level Member of Armenian- British Business Chamber

Unibank is pleased to announce its A-Level membership in the Armenia British Business Chamber (ABBC), marking an important milestone in strengthening its international cooperation and actively engages with the global business community.

AMX conducted auctions for placement and redemption of government bonds totaling 28.3 billion drams

On February 10, the Armenia Stock Exchange (AMX) executed a government bond placement auction amounting to 20 billion drams, alongside a government bond redemption auction totaling 8.3 billion drams.

Euro, USD and Russian ruble drop against Armenian dram

As of February 11, 2026, the average market exchange rate of the US dollar to the Armenian dram, established on the Armenian foreign exchange market, has dropped by 0.37 points from February 10, now standing at 377.51 drams.

Euro and dollar rise against Armenian dram, while ruble weakens

The average market exchange rate for the US dollar against the Armenian dram on the Armenian foreign exchange market as of February 9, 2026, rose by 0.27 points compared to February 6, reaching 377.97 drams.

Central Bank of Armenia has set maximum fees for non-cash payments for a number of business entities

The Board of the Central Bank of Armenia has set maximum fees for certain business entities for non-cash payments, in particular, card payments made through physical POS terminals.

LATEST NEWS

spot_imgspot_imgspot_img