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Armenian IT Sector's Output Amounts to 100 Million Dollars in 2006

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  • Armenian IT Sector's Output Amounts to 100 Million Dollars in 2006

    ARMENIAN INFORMATION TECHNOLOGY SECTOR'S OUTPUT AMOUNTS TO 100 MILLION
    DOLLARS IN 2006

    YEREVAN, FEBRUARY 1, NOYAN TAPAN. Output of about 100 million USD was
    produced in Armenia's information technology sector in 2006. The RA
    Deputy Minister of Trade and Economic Development Tigran Davtian said
    this. According to him, in recent years the IT sector growth rates
    made 15-20%, which exceed the index of the country's GDP growth
    rates. It was noted that more than 120 companies operate in the IT
    sector, with the total number of their employees making 5,000.

    T. Davtian noted that in 2006, investments of over 10 mln USD were
    made in the sector. In his words, this year the investment flow into
    educational and scientific infrastructures of the country's IT sector
    will continue - in the form of establishing scientific and edicational
    complexes. Particularly, Syposys will open its center in the area of
    Viasphere Technopark. Epygy Labs AM company is also going to open a
    new center.
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