Yerevan, 25.January.2026,
00
:
00
BREAKING


Production of natural vegetable oils was established in Spitak

SOCIETY

White violet – a small social enterprise in Spitak creates natural plant oils. 12 plant extracts were obtained in the production: nettle, chamomile, rose, basil, even lilac and dandelion, but they decided to have linden, sand thorn and rosehip seed oils as the main products. 

White violet was founded by a human rights non-governmental organization operating in Spitak, which deals with the protection of women's and children's rights. The production workers are women, they are the beneficiaries of the human rights organization.  

White violet has become an employer and a stable source of income: in the future they want to expand their activity and create workplace for more than 50 women in Lori region. 

White violet is one of the beneficiaries of Acba Federation educational program; thanks to the financing the company received a chance to become a member of Impact Hub ecosystem within one year. Thanks to the program, the social enterprise has passed trainings and received consultation on methods in different spheres.  

In the future the product range will expand; after positioning themselves as a vegetale oil manufacturer they will create essential oils for cosmetic purposes.  

“Why “violet?” Despite being small, violets spread their smell everywhere, and being a small social enterprise, we will have big influence. Our goal is to provide women with work, to empower them economically, to solve their bread problem, and we want our city to become famous. When they say Spitak, everyone remembers the earthquake. We want to add color. We decided to deal with the plants that are known in science and there is a lot of information about them in the literature," says Ashkhen Babayan, the Founder of White Violet social enterprise.”

Now the oils are sold at exhibitions, soon the products will also be sold in pharmacies and beauty centers.

Acba Federation is the only significant participant of Acba Bank with 83.8 percent stake in the bank's shares. Thanks to its participation in Acba Bank, Acba Federation contributes to the development of agriculture, small and medium businesses in rural areas, development of communities, revitalization and development of the business environment in rural areas and communities, and the growth of the well-being of every person carrying out business activities in these areas.

  More details in the video. 

Up to 2% Cashback with IDBank Mastercard and ARCA CardUp to 2% cashback, free Mastercard and free ArCa card when you join IDSalaryAraratBank Sums Up “You Choose the Destination” Campaign Implemented in Partnership with MastercardBook by March 31 and get 15% off your FINTECH360 ticket Ucom Launches Fixed Network Services in Zovuni The FINTECH360 conference will be held in Yerevan from April 27 to 29 AraratBank Partners as General Sponsor of 4090 Charity Foundation's Five-Year Milestone EventAraratBank Takes the Lead in Brand PR Performance Unforgettable Moments and a Profitable Offer at Myler. Idram&IDBank Idram Summarizes 2025The Power of One Dram Donates 5,788,105 AMD to the City of Smile Charity Foundation Converse Bank Successfully Completes Globbing Bond Placement Why the Pressure on Vahe Hakobyan Continues Ucom Introduces Hecttor AI to Improve Call Center Communications The Armenian Apostolic Church: Refutation of a False Premise Vahe Hakobyan Is Being Politically PersecutedIdram employees are the Secret Santa Claus for the students of the Orran Day Care CenterAraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan CanalUnibank Launches Gift Cards New Education Platforms through Cooperation between AraratBank and Aren Mehrabyan FoundationTech Innovator and Winemaker Adam Kablanian Joins the Board of Trustees of the “Music for Future” FoundationUcom Reopens Sales and Service Center on Tigran Mets Avenue AraratBank Receives Visa Trusted Partnership Award 2025 Secret Santa at idplus: Anonymous Gift CardsWe condemn the unlawful actions by Armenia’s Gov. against the Armenian Apostolic Church. Jan Figel Free Style issues Armenia’s first corporate bonds in the fashion retail sector, placed by Cube InvestUnibank Completed the Placement of Its Third Issuance of Perpetual BondsScholarship for 100 Artsakh Students as Part of IDBank’s “Side by Side” Program The results of the second Junius financial literacy competition have been summarized From idea to implementation: Ameriabank Presents the Programs Implemented under My Ameria, My Armenia CSR Campaign Ucom and SunChild Launch the “Smart Birdwatching” Educational Program AraratBank Supports Digitization of "Karin" Scientific Center ArchiveWelcome to the ID booth: Big Christmas MarketWidest 5G Coverage, the Launch of the Uplay Platform, and the Integration of Cerillion: Ucom Summarizes 2025 Ucom and Armflix Present “13 Seconds” at KinoPark How to Choose a Career Path and What Skills are Considered Crucial: AraratBank on the GoTeach Platform Unibank Issues a New Tranche of Perpetual Bonds with 13.75% Coupon Unibank Became a Member of BAFTThe December beneficiary of “The Power of One Dram” initiative is the “City of Smile” Foundation EBRD lends US$ 40 million to Acba bank for youth-led firms in ArmeniaHeading Into 2026 at Ucom Speed։ New Year Offers Are Now Live Bvik and Idram Standing by Young ReadersIDBank participated in the conference dedicated to the 10th anniversary of the Armenian Institute of Directors AxelMondrian Wins Three Major International Awards for Branding, PR and Film Production in 2025Ucom Promotes Space Engineering Education Global Finance names AraratBank Best Sub-Custodian Bank 2025 in ArmeniaAraratBank Participates in “Women’s Empowerment Principles in Armenia” Conference Unibank’s Perpetual Bonds Were Acquired in Nearly One Day Acba bank and France’s Proparco to continue strengthening their long-term strategic partnershipTeam Holding Announces the Launch of Bond Placement. Underwriter - Freedom Broker Armenia