ARMENIA TO OPEN OFFICE IN SILICON VALLEY

news.am
Nov 23 2009
Armenia

Armenia will open the office in Silicon Valley till March 2010,
Enterprise Incubator Foundation Director Bagrat Yengibaryan told
NEWS.am, adding that office will be engaged in representation of
Armenia’s achievements in the High tech sphere. "We cannot represent
our production without that office," he said, underlining Armenia
already has two successfully operating offices in Canada and Austria.

According to him, the next office preplanned to be in Russia,
as the country has large market and the IT sphere is in focus by
the government. He expressed confidence that despite there are huge
companies in Russia, Armenian ones will also be in demand. Yengibaryan
outlined that Armenian specialists design programs where state
investments are inexpedient, besides the country does not hold the
sufficient means. "Government should assist the field establishment,
sale of Armenian products in the world market. However, there should
be demand in domestic market as well," said Yengibaryan, adding that
the attempt to achieve technical solution to Armenian programs is
presently underway. "The attempt to recruit skillful professionals
to develop the High tech sphere on the basis of the present programs
is made," he pointed out, forecasting that other economy sectors will
become more active with the High tech sphere acceleration.