ARMENIAN DEVELOPMENT AGENCY ATTRACTS INVESTMENTS IN HI-TECH STATES

PanArmenian News Network
July 18 2005

18.07.2005 06:20

/PanARMENIAN.Net/ The Armenian Development Agency has initiated
a telemarketing campaign for attracting investments to the sphere
of informational technologies of Armenia, head of the investment
department Hasmik Hovhannisian stated in conversation with “.am”
PanARMENIAN.Net reporter. In her words, during the telemarketing
campaign over 30 organizations of the EU states engaged in Hi-Tech
industry showed interest in cooperating with Armenia. “We achieved
agreement on cooperation with several companies intending to open
branches in Armenia. Other companies requested data on the situation
with the information technology industry in Armenia and expressed a
wish to meet and discuss possible cooperation. Armenia represented
high technologies with precision instruments, electronics, organic
chemistry, medicine and biotechnology. During a week the ADA working
group held meetings with the representatives of 13 out of 25 interested
companies, who inquired about the professional level of the Armenian
personnel. Hasmik Hovhannisian informed. She also said that the process
of attracting investments is not a one-day task and Armenia’s presence
in the investment package is a good result. To note, thanks to the
efforts of the ADA the Sonics branch was opened in Armenia.