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ABRAHAMYAN: IT SECTOR CRUCIAL TO ARMENIAN ECONOMY
CISTran Finance
June 24 2014
June 24, 2014 6:00 AM
By Lawrence Pinkel
Armenian Prime Minister Hovik Abrahamyan, the prime minister
of Armenia, stressed the importance of the country's burgeoning
information technology sector as vital to the national economy.
According to a recent study from the World Bank, information technology
is the fastest growing sector of the Armenian economy. The number
of individuals employed in the IT sector doubled from approximately
5,000 in 2010 to more than 10,000 in 2013.
"The IT sector is very important for the economy," Abrahamyan said
at the Digitec 2014 IT forum in Yerevan, according to ARKA. "It is
our crude oil, gas and sea."
Abrahamyan said the government will work to provide legislative
changes that would support domestic producers and extend privileges
to small and medium-sized businesses, thereby working to minimize
shadow turnover at larger companies. He also said recently that his
cabinet would be strictly punishing companies for shadow activities.
Abrahamyan held a meeting with the 100 wealthiest business people in
Armenia last month, where a July 1 deadline was set for companies to
stop evading taxes and abusing their market positions.
"We do not look at SMEs as taxpayers-our aim is to ensure level
playing field for all," Abrahamyan said, ARKA reports.
http://cistranfinance.com/news/abrahamyan-it-sector-crucial-to-armenian-economy/3627/
CISTran Finance
June 24 2014
June 24, 2014 6:00 AM
By Lawrence Pinkel
Armenian Prime Minister Hovik Abrahamyan, the prime minister
of Armenia, stressed the importance of the country's burgeoning
information technology sector as vital to the national economy.
According to a recent study from the World Bank, information technology
is the fastest growing sector of the Armenian economy. The number
of individuals employed in the IT sector doubled from approximately
5,000 in 2010 to more than 10,000 in 2013.
"The IT sector is very important for the economy," Abrahamyan said
at the Digitec 2014 IT forum in Yerevan, according to ARKA. "It is
our crude oil, gas and sea."
Abrahamyan said the government will work to provide legislative
changes that would support domestic producers and extend privileges
to small and medium-sized businesses, thereby working to minimize
shadow turnover at larger companies. He also said recently that his
cabinet would be strictly punishing companies for shadow activities.
Abrahamyan held a meeting with the 100 wealthiest business people in
Armenia last month, where a July 1 deadline was set for companies to
stop evading taxes and abusing their market positions.
"We do not look at SMEs as taxpayers-our aim is to ensure level
playing field for all," Abrahamyan said, ARKA reports.
http://cistranfinance.com/news/abrahamyan-it-sector-crucial-to-armenian-economy/3627/