ARMENIAN IT-SPHERE REPRESENTED IN VIENNA

Yerevan, April 11. ArmInfo. Armenian Information Technologies
representation in Europe has opened in Vienna, Head of Enterprise
Incubator Foundation (EIF) Bagrat Yengibaryan said at a press
conference, Tuesday.

At present 60% of Armenian companies engaged in the IT-sphere cooperate
with the USA, while only 10% of Armenian companies are represented
in Europe, he said. The opening of the representation in Vienna is
a regular initiative of the Foundation which aims to stimulate the
cooperation of Armenian and European IT- companies. B.

Yengibaryan said the representation in Vienna plans to gain at least
$200-300,000 orders for 2006. The representation will work to increase
the Europe’s awareness of the Armenian IT-sphere as well as to present
and distribute IT products and services, to ensure the cooperation
of Armenian and European companies for the purpose of establishing
joint ventures and implementing joint programs.

Head of Armenian IT-sphere representation in Vienna, Robert Trausnig,
says the representation will focus on off-shore orders, however direct
sale of Armenian IT-products is not ruled out either. R.

Trausnig believes Armenian IT- developments for health care,
communications and web-technologies spheres may be in demand
in Europe. He informs of the upcoming joint Armenian-European
conferences wherein the prospects and possibilities of bilateral
cooperation will be discussed. To recap, an Armenian Information
Technologies Representation opened in Toronto in the October of
2004 which had contributed to preparation of 7 contracts between 19
Armenian IT-enterprises and Canadian ones for about a year. Due to
the representation in Toronto, Armenian companies received about
$800,000 orders, with new programs for $1 million are currently
under discussion.