FIELD OF INFORMATION TECHNOLOGIES SHOULD MODERNIZE STRUCTURE OF ARMENIA’S ECONOMY
ARKA News Agency, Armenia
Sept 25 2007
YEREVAN, September 25. /ARKA/. The field of information technologies
should modernize the structure of Armenia’s economy, Armenian President
Robert Kocharian told journalists after the official opening of the
office building of Synopsys Armenia.
"Information technologies should play a weighty role in the economy
of Armenia," Kocharian said.
According to him, attention and a system approach toward IT sphere
seriously promotes the young people in selecting specialty.
In providing faster development of IT field, the main problem is lack
of specialists, Kocharian said.
The President expressed confidence that the programs implemented by
Synopsys Armenia lay groundwork for more serious development in IT
area in future.
"Synopsys company took root fundamentally in Armenia, which can
give a good impetus to other companies for coming into the country,"
Kocharian said.
According to the information of the Ministry of Trade and Economic
Development, annual growth of IT sector reached 15-20% in Armenia in
2006, with total annual production in the sphere making 100mln dollars,
as per the estimates.
As per the data of 2006, the number of companies in IT sector reached
200 in Armenia. More than 30% of them are companies with foreign
investments. More than 5,000 people are employed in IT area.
Synopsys Inc. entered the Armenian market in October 2004 after
the signing of an agreement on merger of Leda Design and Monterey
Arset into Synopsys Armenia Closed Joint Stock Company. The company
carries out research and engineering works on automation of electronic
designing, development of intellectual property, as well as industrial
designing.
During the two years Synopsys provided technical investments for
total of 360mln dollars to Armenia.