ARMENIA OF INTEREST TO INVESTORS IN INFORMATION TECHNOLOGIES
ARKA News Agency, Armenia
Oct 1 2007
YEREVAN, October 1. /ARKA/. Armenia is of interest to investors
in information technologies, Technical Director of "Arminco"
Internet-provider company Grigory Saghian said at the seminar "Modern
technologies in solving the problem of "last mile" on Monday.
According to Saghian, Armenia has the most advantageous conditions
in the region in terms of recoupment of investments.
"We have low crime rate; we are the 39th in simplicity of establishing
and doing a business so that Armenia is an attractive country for
investors," Saghian said.
He pointed out that the country has a great intellectual and financial
potential for the development of IT sector.
Among disadvantages in Internet development of Armenia, Saghian pointed
out the lack of the required recourses in the Armenian language.
"Our users not always know the languages in which the main stuff is
presented in the web, and there is no that much stuff in Armenian,"
he said.
According to him, another problem is the low level of development
of the telecommunication infrastructures and the high tariffs as
a consequence.
"For development of infrastructures, investments and competition
are required. As of October 1 "ArmenTel" telecommunication company
is deprived of all its monopolies in the field, which will lead to
development of competition and reduction in prices and will encourage
investors to invest means in the development of infrastructures,"
Saghian said.