CONTRACTS OF TOTAL COST OF 800 THOUSAND DOLLARS SIGNED BETWEEN INFORMATION TECHNOLOGY COMPANIES OF ARMENIA AND CANADA

Noyan Tapan
Apr 11 2006

YEREVAN, APRIL 11, NOYAN TAPAN. 64 Canadian companies and more than
20 Armenian ones are cooperating through the Toronto-based Armenian
Information Technologies (IT) Canada Office, with the total cost of
the contracts signed between them making 800 thousand USD. Bagrat
Engibarian, Director of the Enterprise Incubator Foundation, stated
this at the April 11 press conference.

According to him, these companies are now discussing many draft
programs, and in case of reaching agreements, contracts worth a
total of 1 mln USD will be signed as well. It was mentioned that
in parallel with extension of Armenia-Canada cooperation, various
programs on training, business trips, exhibition participation and
mutual visits are being implemented. B. Engibarian said that a pilot
program launched by the Armenian IT Canada Office in October 2004
will operate until December 2006.