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  • Non-competitive business environment prevents development of innovat

    Non-competitive business environment prevents development of
    innovative business in Armenia, UITE says


    YEREVAN, April 13. / ARKA /. Non-competitive business environment is
    the main obstacle preventing the development of innovative businesses
    in Armenia, according to Karen Vardanian, the executive director of
    the Union of Information Technology Enterprises (UITE).

    "The oligarchic business system in Armenia is affecting competition.
    When there is no competition, entrepreneurs are not interested in the
    modernization of their businesses," he said at the 13th congress of
    UITE.

    According to him, some of the best IT solutions in the world are
    being designed in Armenia, `but the problem is that by producing the
    best IT solutions, Armenians do not use them because of the weak
    competition.'

    Presenting the work done in 2012 by UITE Vardanian singled out the
    concept and suggestions for improvement in the areas of e-commerce and
    IT procurement, designed by UITE.

    In 2000 the government announced IT sector as a priority. Today there
    are around 350 IT companies in the country, which employ some 10,000
    people. According to UITE, in 2012 this sector grew by 25 percent to
    an annual turnover of $250 million. UITE was founded in 2000 to
    protect the interests of IT companies, stimulate progress and
    encourage research. It has now 60 member companies. -0-

    http://telecom.arka.am/en/news/telecom/non_competitive_business_environment_prevents_deve lopment_of_innovative_business_in_armenia_uite_say/

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