LACK OF INVESTMENTS IN INFORMATION TECHNOLOGY SECTOR CONDITIONED BY HIGH RISKINESS OF ARMENIA
Noyan Tapan
May 02 2007
YEREVAN, MAY 2, NOYAN TAPAN. The first Armenian high-tech congress
"Armtech 2007" to be held in San Francisco on July 4-7 provides an
exceptional chance to present Armenia’s IT opportunities in the famous
Silicon Valley, as well as to promote investments and exports of IT
production and services.
Director of the Armenian Development Agency (ADA) Vahagn Movsisian
stated this at the May 2 meeting.
According to him, in addition to the major speeches and business
meetings, an exhibition with the participation of about 50 Armenian
companies will be organized during the congress. V. Movsisian expressed
confidence that organization of such congresses will have a continuous
character.
Speaking about the current problems in Armenia’s high-tech sector,
Tony Moroyan – Chairman of Viasphere International company, the main
US initiator-organizer of Armtech 2007, noted that the lack of private
investments in this sector is mainly conditioned by high reskiness
of Armenia. "Achievements in the IT sector would be more tangible in
case of solving the problem of training qualified IT experts in line
with market requirements," he said.