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Armenian Representation Will Be Opened In Silicon Valley

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  • Armenian Representation Will Be Opened In Silicon Valley

    ARMENIAN REPRESENTATION WILL BE OPENED IN SILICON VALLEY

    ARMENPRESS
    OCTOBER 23, 2012
    YEREVAN

    YEREVAN, OCTOBER 23, ARMENPRESS. Growth of the development of IT
    sphere in Armenia for 2012 equals to 25% if compared with the previous
    year. As reports "Armenpress" This was announced by the director of
    Incubator Foundation of Enterprises Bagrat Yengibaryan the conference
    of the National Committee of Assistance for IT Development under the
    direction of the Prime Minister of the Republic of Armenia Tigran
    Sargsyan. Yengibaryan said: "If we had 281 organizations in this
    sphere last year, then today we have about 350 organizations in Armenia
    acting in IT sphere. We maintain annual tempo of development of 25 %
    and if the circulation in the sphere was equal to USD 200 million,
    then this year it equals to USD 250 million."

    According to him local and foreign enterprises equated in general
    circulation of enterprises, which certifies that we have a serious
    development in the local companies.

    In his opinion about 60 % of the production of IT sphere is mainly
    exported to the USA and Northern America, the amount of export to
    Europe also grows.

    Talking about the upcoming congress ArmTech-2012 dated to December
    of this year Yengibaryan said that in the frames of the congress
    he is hopeful to see Armenian representation will be opened in the
    Silicon Valley.

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