Arachova has a primary school, a junior high school, a high school, two churches, two banks (National Bank, Alpha Bank), and a small post office.
Following the departure of the Ottoman forces in December 1898, the Cretan government under Eleftherios Venizelos established the Bank of Crete with the assistance of the National Bank of Greece.
A little while later he became executive of the National Bank of Greece, position he retained until September 1917, with a short-term interval (February 25-August 10, 1915) when he became for second time Minister of Foreign Affairs under the cabinet of Dimitrios Gounaris.
Following the population exchange between Greece and Turkey, the mosque no longer functioned as a religious building and became the property of the National Bank of Greece.
In 2002 NBG merged with ETEBA (National Investment Bank for Industrial Development), but NBG's attempted merger with Alpha Bank fell through.
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They are also in many public and private institutions such as the City of Montreal, Reader's Digest, Telephone Quebec, Gazoduc TQM, ABB Group, Thiro Ltee, the National Bank of Greece and others as well as in many private collections throughout Canada, the U.S.A. and Europe.
Its main creditors are Alpha Bank, Cyprus Popular Bank, Eurobank EFG, and National Bank of Greece, and the company has now reached an agreement for a new 2 million euro loan from the banks to allow it to maintain its activities during its recent economic problems.