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

Mher Ananyan joins Unibank’s Management Board

According to the decision of the Board of Unibank OJSC dated August 3, 2026, Mher Ananyan has been appointed Acting First Deputy Chairman of the Management Board.  

Market capitalization exceeded 426 billion drams in July – Armenia Securities Exchange

Equity market capitalization exceeded 426 billion drams in July 2026, the press service of the Armenia Securities Exchange (AMX) reported.

Armenian banks’ loan portfolio in the first half of the year amounted to 8.8 trillion drams, up 11.5% – Union of Banks

The loan portfolio of Armenian banks in the first half of 2026 amounted to 8.8 trillion drams, up 11.5%, reported Daniel Azatyan, head of the Union of Banks of the Republic.

Ranking of Armenia’s Largest Credit Institutions by Total Capital in H1 2026

ARKA News Agency publishes a ranking of Armenia's largest credit institutions by total capital for the first half of 2026.

“Urgently Confirm Your Card Details”: IDBank Warns of Hotel Booking Scams

The vacation season traditionally becomes a peak time not only for tourists, but also for scammers. One of the most dangerous schemes in recent years targets users of hotel booking services.

LATEST NEWS

spot_imgspot_imgspot_img