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IT Remains Of The Leading Branches Of Armenian Economy

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  • IT Remains Of The Leading Branches Of Armenian Economy

    IT REMAINS OF THE LEADING BRANCHES OF ARMENIAN ECONOMY
    Liana Yeghiazaryan

    "Radiolur"
    11.04.2012 14:56

    Information Technologies remain one of the leading branches of Armenian
    economy. Even with a number of problems existing in the field, it
    continues registering serious achievements, having finally overcome
    the influence of the global financial-economic crisis.

    Currently there are more than 300 IT companies functioning in Armenia
    with the total capital of $205 mln and with about 7 000 specialists
    involved.

    "Armenia's rating in the world IT sector is gradually improving,"
    Deputy Minister of Economy Vahe Danielyan told reporters today. An
    evidence of the above-said is the cooperation of a number of famous
    international companies with Armenian specialists and opening of
    their branches in Armenia.

    A proof of this is the entry of the "Microsoft" Innovation center, the
    Mobile Solutions Regional Laboratory, the Armenian-Indian Information
    and Telecommunication Excellence Center, the National Instruments,
    the ST Kinetics companies to Armenia, specialists say.

    The next large-scale project is the techno park in Gyumri, which is
    expected to be launched this year.

    The small market and the restricted opportunities of cooperation with
    other countries are the main challenges to the Armenian IT sector.

    Another problem is that Armenian specialists have no opportunity to
    implement their programs in the Armenian economy.

    Bagrat Yengibaryan, Director of the Enterprise Incubator Foundation,
    attaches importance to the fact that local companies are also
    developing.


    From: Baghdasarian
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