Armenian Informaion Technology Sector Has Entered The Qualitative St

ARMENIAN INFORMAION TECHNOLOGY SECTOR HAS ENTERED THE QUALITATIVE STAGE OF DEVELOPMENT, TIGRAN DAVTIAN SAYS

Noyan Tapan
May 03 2007

YEREVAN, MAY 3, NOYAN TAPAN. Armenia’s IT sector has entered a new
stage of development – passing from the quantitative stage to the
qualitative one. RA Deputy Minister of Trade and Economic Development
Tigran Davtian stated this at the conference "Competitiveness of
Armenian Information Technologies" held on May 3.

In his words, IT is of great importance for economic growth of
Armenia. T. Davtian noted that the country has much potential for
developing this sector, while the use of IT in other sectors will
help form the most competitive economy. The deputy minister said that
while integrating into the international economic system, Armenia
should first of all promote exports of IT production.

According to Director of the Enterprise Incubator Foundation (EIF)
Bagrat Yengibarian, conference participants envisage to discuss issues
related to development prospects and strategy of the Armenian IT
sector, promotion of IT industry, its workforce, sceintific research
work, and telecommunication. A number of international organizations
are also participating in the conference.

B. Yengibarian said that a stable 20% annual growth has been registeted
in the sector in the past five years. About 160 enterprises are
currently operating in the IT sector, the number of jobs has reached 5
thousand, 80% of specialists work at foreign organizations. According
to the latest information, in 2006, the IT sector’s production amounted
to 84 million dollars. Nearly 63% of production is exported.