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Armenia: Annual IT Turnover Reaches USD 110 Million In 2008

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  • Armenia: Annual IT Turnover Reaches USD 110 Million In 2008

    ARMENIA: ANNUAL IT TURNOVER REACHES USD 110 MILLION IN 2008

    PanARMENIAN.Net
    24.11.2009 14:58 GMT+04:00

    /PanARMENIAN.Net/ Currently, Information Technologies are an important
    development factor in RA, Enterprise Incubator Foundation director
    Bagrat Yengibaryan said in his statement on IT development challenges
    in Armenia, delivered at IT competitiveness forum in Yerevan.

    As Bagrat Yengibaryan informed, 4-year research results show the
    major role IT technologies play in RA economy development.

    According to foundation director, government-private sector
    collaboration will further promote Information Technologies'
    integration into society, providing availability of a number of
    services.

    Currently, 210 IT companies are already operating in Armenia, 25%
    specializing in software programming and 13% in web-design. In this
    context, Bagrat Yengibaryan noted that in 2008 annual IT turnover in
    Armenia reached USD 110 million, exceeding 1998 results by 27%. The
    sphere provided 5000 jobs in RA, with software production exports
    comprising USD 70 million.
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