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Production of Lycos-Armenia Firm is of Much Demand on Euro Market

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  • Production of Lycos-Armenia Firm is of Much Demand on Euro Market

    PRODUCTION OF LYCOS-ARMENIA FIRM IS OF MUCH DEMAND ON EUROPEAN MARKET

    YEREVAN, December 2 (Noyan Tapan). The Armenian branch of the Lycos
    well-known German firm engaged in information technologies,
    Lycos-Armenia, plans to increase the number of its employees from 150
    to 250 people next year. Hovhannes Avoyan, Executive Director of
    Lycos-Armenia, informed the journalists about this. According to him,
    this extension is conditioned by growth of demand for the information
    production of the firm. Its quality corresponds to world standards and
    the price is considerably lower that in Europe, which is the main
    market for programs of Lycos-Armenia.

    H.Avoyan also said that in connection with the planned extension the
    firm made a decision about renting 70% of territories in the business
    center building of the American University.

    At present 80 programmers work in the firm, their salary makes 0-500
    and more depending on their qualification. They are admitted to work
    on the basis of a tender.

    Lycos-Armenia actively cooperates with the faculties of programming of
    Yerevan State University and Engineering University. Starting from
    2003-2005 the financing of training programs makes { YEREVAN, December
    2 (Noyan Tapan). The Armenian branch of the Lycos well-known German
    firm engaged in information technologies, Lycos-Armenia, plans to
    increase the number of its employees from 150 to 250 people next
    year. Hovhannes Avoyan, Executive Director of Lycos-Armenia, informed
    the journalists about this. According to him, this extension is
    conditioned by growth of demand for the information production of the
    firm. Its quality corresponds to world standards and the price is
    considerably lower that in Europe, which is the main market for
    programs of Lycos-Armenia.

    H.Avoyan also said that in connection with the planned extension the
    firm made a decision about renting 70% of territories in the business
    center building of the American University.

    At present 80 programmers work in the firm, their salary makes 0-500
    and more depending on their qualification. They are admitted to work
    on the basis of a tender.

    Lycos-Armenia actively cooperates with the faculties of programming of
    Yerevan State University and Engineering University. Starting from
    2003-2005 the financing of training programs makes $NewsText}.5m.

    H.Avoyan said that at present the firm produces information products
    on 5 categories: "Billing," service of payment operations; production
    connected with the communication sphere, opening of address and
    sending of e-mail, besides, sending of short messages through
    Internet; use of the CHAT system permitting to send short messages and
    so on.

    H.Avoyan also said that the sum of investments to the firm that made
    2.5m euros in 2003, 3.5m euros this year will make about 5m euros in
    2005.

    }.5m.

    H.Avoyan said that at present the firm produces information products
    on 5 categories: "Billing," service of payment operations; production
    connected with the communication sphere, opening of address and
    sending of e-mail, besides, sending of short messages through
    Internet; use of the CHAT system permitting to send short messages and
    so on.

    H.Avoyan also said that the sum of investments to the firm that made
    2.5m euros in 2003, 3.5m euros this year will make about 5m euros in
    2005.
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