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  • Lack Of Investments In Information Technology Sector Conditioned By

    LACK OF INVESTMENTS IN INFORMATION TECHNOLOGY SECTOR CONDITIONED BY HIGH RISKINESS OF ARMENIA

    Noyan Tapan
    May 02 2007

    YEREVAN, MAY 2, NOYAN TAPAN. The first Armenian high-tech congress
    "Armtech 2007" to be held in San Francisco on July 4-7 provides an
    exceptional chance to present Armenia's IT opportunities in the famous
    Silicon Valley, as well as to promote investments and exports of IT
    production and services.

    Director of the Armenian Development Agency (ADA) Vahagn Movsisian
    stated this at the May 2 meeting.

    According to him, in addition to the major speeches and business
    meetings, an exhibition with the participation of about 50 Armenian
    companies will be organized during the congress. V. Movsisian expressed
    confidence that organization of such congresses will have a continuous
    character.

    Speaking about the current problems in Armenia's high-tech sector,
    Tony Moroyan - Chairman of Viasphere International company, the main
    US initiator-organizer of Armtech 2007, noted that the lack of private
    investments in this sector is mainly conditioned by high reskiness
    of Armenia. "Achievements in the IT sector would be more tangible in
    case of solving the problem of training qualified IT experts in line
    with market requirements," he said.
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