ArmenPress
March 17 2005

KOCHARIAN DISCUSSES IT WITH LYCOS MANAGERS

YEREVAN, MARCH 17, ARMENPRESS: President Kocharian received today
top managers of German IT Lycos company to look into what can be done
to train more skilled IT specialists in Armenia. Top managers were
quoted by Kocharian’s press office as saying that they intend to
carry out projects in Armenia for next six years. Kocharian said the
government is ready to assist the process of IT development.
Lycos Armenia currently employs around 170 employees. It is
heavily growing in all areas, and is now the biggest development
location for Lycos Europe . Since there is a growing demand the
company is actually engaging new staff and plan to employ 220
employees within this year. Additionally Lycos Armenia is enlarging
its operations department which was set up in the year 2004, and now
employs 25 employees.
Kocharian also received today Vahagn Movsisian, the director of
the Armenian Development Agency (ADA). Movsisian was quoted as saying
that the ADA was recognized by World Bank as the second best
development agency among counterparts in Central Europe and Central
Asia and the best fifth in the world.
Kocharian and Movsisian also discussed ways for making Armenian
markets attractive for foreign investors.