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

AMX held government bond placement and redemption auctions worth 35 billion drams

On May 12, the Armenia Securities Exchange (AMX) held a government bond placement auction worth 30 billion drams and a government bond redemption auction worth 5 billion drams.

Armenia Shows Significant Progress in Using More Complex Financial Instruments – EBRD

Armenia is demonstrating significant progress and growing readiness to use more complex financial instruments, said Elisabetta Falcetti, the bank's Executive Director for Turkey and the Caucasus, in an interview with ARKA news agency.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (May 4-10)

The week in the Armenian financial market was influenced by decisions and statements by the Central Bank, updated macroeconomic data, and capital market activity.

100 million euros will be allocated for business development in Armenia: ACBA Bank

CBA Bank, in a new partnership with the European Bank for Reconstruction and Development, will allocate 100 million euros to the development of businesses operating in Armenia, with the EBRD bearing the risk of 50 million euros of the financing.

Armenia Central Bank Governor: Open Banking Will Strengthen Clients’ Position with Financial Institutions

The implementation of the Open Banking model in Armenia is aimed at expanding consumer options in their dealings with financial institutions, Martin Galstyan, Chairman of the Central Bank of Armenia, told reporters on the sidelines of the "SME Sector: Impact and Development Challenges" conference.

LATEST NEWS

spot_imgspot_imgspot_img