Financial crisis impact on information technologies field of Armenia

Panorama.am

20:51 27/11/2008

FINANCIAL CRISIS IMPACT ON INFORMATION TECHNOLOGIES FIELD OF ARMENIA

`In the aftermath of world financial crisis companies specialized on
information technologies in Armenia will be divided into 3 groups `
those which will not close down, but they will not also develop
anymore, those which will develop and those which will have negative
impact because of the crisis,’ says Karen Vardanyan the director of
the union of information technologies enterprises of
Armenia. Mr. Vardanyan did not mention or remind any company from the
field.

Regarding `LYCOS’ company, Mr. Vardanyan said that they have problems
with the portal which is in Denmark and with its subdivisions, and
Armenian company is an engineering part of it. Remind that according
to rumors, `LYCOS’ internet technologies processing company is to be
closed. The company representatives neither rejected not confirmed the
news.

Source: Panorama.am