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Armenian IT Sector Expands to $84 Million

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  • Armenian IT Sector Expands to $84 Million

    Armenpress

    ARMENIAN IT SECTOR EXPANDS TO $84 MILLION

    YEREVAN, JANUARY 5, ARMENPRESS: Armenian
    economists estimate that the share of information
    technology industry in the overall GDP in 2006 will
    constitute 2 percent. Armenia IT sector which experts
    say is the most advanced in the region, has expanded
    to $83.7 million in 2006, but nevertheless it is
    beginning to experience a shortage of skilled labor.
    Vahagn Movsisian, head of the Armenian Development
    Agency (ADA), says some 150 companies, 105 are local
    ones, are working actively in this sector. In 2006
    such IT giants as Microsoft, Ericsson and Sonics
    entered the Armenian market, while Intel launched a
    workshop here for assembling of laptops.
    He said Armenian IT companies have to shift from
    chips designing to software designing. He said
    negotiations with IBM will continue in 2007 in an
    effort to bring this company to Armenia.
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