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Production Of Information Technologies Sector Grows By 30%

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  • Production Of Information Technologies Sector Grows By 30%

    PRODUCTION OF INFORMATION TECHNOLOGIES SECTOR GROWS BY 30%

    Noyan Tapan
    Dec 26 2006

    YEREVAN, DECEMBER 26, NOYAN TAPAN. About 165 enterprises are now
    operating actively in Armenia's IT sector, with the number of their
    employees making 5 thousand, the RA Minister of Trade and Economic
    Development Karen Chshmaritian stated during the December 26 press
    conference. According to him, in 2006 production of the IT sector
    will make 80 mln USD or by 30% more than last year.

    About 85% of IT production is exported. The sector will account
    for about 2% of Armenia's GDP. The amount of foreign investments is
    estimated to make at least 10 mln USD.
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