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Kocharian discusses IT with Lycos managers

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  • Kocharian discusses IT with Lycos managers

    ArmenPress
    March 17 2005

    KOCHARIAN DISCUSSES IT WITH LYCOS MANAGERS

    YEREVAN, MARCH 17, ARMENPRESS: President Kocharian received today
    top managers of German IT Lycos company to look into what can be done
    to train more skilled IT specialists in Armenia. Top managers were
    quoted by Kocharian's press office as saying that they intend to
    carry out projects in Armenia for next six years. Kocharian said the
    government is ready to assist the process of IT development.
    Lycos Armenia currently employs around 170 employees. It is
    heavily growing in all areas, and is now the biggest development
    location for Lycos Europe . Since there is a growing demand the
    company is actually engaging new staff and plan to employ 220
    employees within this year. Additionally Lycos Armenia is enlarging
    its operations department which was set up in the year 2004, and now
    employs 25 employees.
    Kocharian also received today Vahagn Movsisian, the director of
    the Armenian Development Agency (ADA). Movsisian was quoted as saying
    that the ADA was recognized by World Bank as the second best
    development agency among counterparts in Central Europe and Central
    Asia and the best fifth in the world.
    Kocharian and Movsisian also discussed ways for making Armenian
    markets attractive for foreign investors.
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