“Vanakan” Mineral Water Project

22.9.2017

In 2003, the Foundation loaned funds to the Artsakh Archdiocese to establish a mineral water plant. With the loan, the company purchased equipment including a van and truck that were transported to Armenia from Russia. The loan also covered the operational costs of the plant. At the end of the year, the company produced its first batch of bottled “Vanakan” mineral water. Profits from production are used for charitable purposes of the Artsakh Archdiocese.

Today, the water production plant stands as one of the few such enterprises in war-torn Shushi. Twelve Shushi residents have jobs in the plant. Repayment of the loan began in January 2004 and was completed in 2007.[ top ]