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  • Lack Of Infrastructures, Poor-Quality Internet Hamper It Development

    LACK OF INFRASTRUCTURES, POOR-QUALITY INTERNET HAMPER IT DEVELOPMENT IN ARMENIA

    ARKA
    Oct 9, 2008

    YEREVAN, October 9. /ARKA/. Lack of the required infrastructures and
    poor-quality Internet hamper IT development in Armenia, Vice-President
    on Strategic Market Development at Synopsys Inc., General Director
    of Synopsys Armenia Rich Goldman said.

    According to him, favorable infrastructures (including uninterrupted
    power supply and availability of warehouses) should be established
    to attract major IT corporations to Armenian market.

    Goldman stressed the necessity to develop the Internet - to raise
    speed and bandwidth and reduce the cost. Certain steps have been
    made recently in this direction, but much remains to be done in the
    country for development of the Internet, he said.

    Among other weaknesses he pointed out the problems in customs and
    taxation fields, as well as educational matters.

    A fundamental educational system exists in Armenia, but the problem
    is the lack of experimental basis and scientific developments due
    to insufficient funds, Goldman said. Yet, according to him, these
    problems can be solved and progress in IT can be achieved if the
    country shows will and cooperation for proceeding with IT development.

    According to Armenian Ministry of Economy, foreign investments in
    information technologies sector are $10mln at minimum. Production
    output in the field grew almost by 30% (it was about $100mln at the
    end of 2006 - "AR KA").

    About 190 companies are actively involved in IT sector. Synopsys
    Inc. came to Armenian market in October 2004 after an agreement on
    merger was signed between Leda Design and Monterey Arset and Synopsys
    Armenian open joint stock company was formed.

    Synopsys has it offices in a total of 60 countries (North America,
    Europe, and Asia) with the headquarters located in California.
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