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Armenia Is A Leading Regional Country In IT Sector - Economy Ministr

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  • Armenia Is A Leading Regional Country In IT Sector - Economy Ministr

    ARMENIA IS A LEADING REGIONAL COUNTRY IN IT SECTOR - ECONOMY MINISTRY

    news.am
    March 28, 2012 | 13:59

    YEREVAN. - Armenia is considered a leading country, in the Information
    Technology (IT) sector, from among its neighboring CIS and Middle
    Eastern countries, states the Economy Ministry's 2012 Program for
    Promotion of IT Sector.

    According to this program, new IT companies sharply increased in
    Armenia in the past ten years. In 2011, this number was close to 300;
    near 5,500 specialists were involved in this sector; and, together
    with the telecommunications sector, this totaled more than 10,000
    specialists.

    The IT sector's share in Armenia's GDP amounted to 1.7 percent,
    which can be compared with that of India (1.4%) and Germany (1.3%).

    The Armenian IT companies' total revenue reached US$ 205 million
    in 2011.

    And around 50 percent of the IT companies' products and services
    are exported

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