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Investments In IT Sector In Armenia To Reach Tens Of Millions Of Dol

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  • Investments In IT Sector In Armenia To Reach Tens Of Millions Of Dol

    INVESTMENTS IN IT SECTOR IN ARMENIA TO REACH TENS OF MILLIONS OF DOLLARS 2007

    ARKA News Agency, Armenia
    Feb 19 2007

    YEREVAN. February 19. /ARKA/. In 2007 the amount of investments in
    Armenia's IT sector will reach tens of millions of dollars. Deputy
    Minister of Trade and Economic Development Tigran Davtyan reported
    at the fourth International economic forum Bridge 2007 these figures
    are showcasing the high economic indicator, especially considering
    the fact that a few years ago the investments in this sector totaled
    $100-200ths.

    He reminded that in the previous year, the Armenian Government signed
    three agreements with three largest companies Alcatel, Sun Microsystems
    and Hewlett Packard., and with Microsoft at the beginning of 2007.

    "These four companies will be seriously and widely represented in
    the Armenian market in 2007," he said.

    According to Davtyan, the IT sector in Armenia is rather well
    diversified.

    "It relates not only to the software products, but also appearance
    of new segments, particularly chip designing.

    "The Armenian company Unicomp in cooperation with Intel have launched
    its own manufacture of PC and portable computers," said Davtyan.
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