Istak Distillery partners with Acba Leasing to start production of calvados (VIDEO)

YEREVAN, October 4. /ARКА/. Istak Distillery is crafting the Armenian calvados “Сharline” from apples that have matured under the Armenian sun, utilizing French technology, as reported by the press service of Aсba Bank.

“Сharline,” which is aged in oak barrels, marks Istak Distillery’s inaugural product, with plans to subsequently produce premium vodkas and gins.

These beverages are currently available in the local market and are set to be exported to Europe shortly.

The company’s production partner is Aсba Leasing, a prominent leasing company, which facilitated the installation of solar panels and a steam boiler at the plant.

“Through our partnership with Aсba Leasing, we acquired solar panels and a steam boiler, enabling us to optimize the entire production process. The solar panels supply electricity for the entire company, while the boiler assists in organizing the production process itself. The boiler generates steam, which is utilized in the distillation process,” stated Lusine Muradyan, a representative of Istak Distillery.

Aсba Bank holds a 100% stake in Acba Leasing. Acba Leasing is overseen by the Central Bank.-0-

spot_img

POPULAR

“Anomaly in the Armenian market: Some bank bonds are trading at a yield lower than sovereign Eurobonds — KK Partners

The authors of the study "Free Lunch in Yerevan: An Arbitrage Anomaly in the Armenian Bond Market" draw attention to the unusual ratio of bank and sovereign bond yields for the debt market.

Armenia calls on Visa to reduce fees for cashless payments through POS terminals

RA Deputy Prime Minister Mher Grigoryan called on the international payment system Visa to discuss the possibility of reducing fees charged for cashless payments through POS terminals in Armenia.

Unibank’s Renamed “Tumanyan” Branch Opens at a New Location

Unibank’s branch, previously located in the Moscow Cinema building, has moved to a new location and has been renamed "Tumanyan."

Central Bank of Armenia puts into circulation a commemorative silver coin for the 35th anniversary of the Republic

The Central Bank of Armenia will put into circulation a silver commemorative coin, "35th Anniversary of the Republic of Armenia," on September 14, 2026, the regulator's press service reported.

Armenia’s capital market still lags behind the economy’s real potential: Cube Invest’s CEO

The depth of Armenia's capital market still lags behind the country's real economic potential, said Mikael Margaryan, CEO of the investment company Cube Invest.

LATEST NEWS

spot_imgspot_imgspot_img