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Financial crisis impact on information technologies field of Armenia

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  • Financial crisis impact on information technologies field of Armenia

    Panorama.am

    20:51 27/11/2008

    FINANCIAL CRISIS IMPACT ON INFORMATION TECHNOLOGIES FIELD OF ARMENIA

    `In the aftermath of world financial crisis companies specialized on
    information technologies in Armenia will be divided into 3 groups `
    those which will not close down, but they will not also develop
    anymore, those which will develop and those which will have negative
    impact because of the crisis,' says Karen Vardanyan the director of
    the union of information technologies enterprises of
    Armenia. Mr. Vardanyan did not mention or remind any company from the
    field.

    Regarding `LYCOS' company, Mr. Vardanyan said that they have problems
    with the portal which is in Denmark and with its subdivisions, and
    Armenian company is an engineering part of it. Remind that according
    to rumors, `LYCOS' internet technologies processing company is to be
    closed. The company representatives neither rejected not confirmed the
    news.



    Source: Panorama.am
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