Armenia Has Certain Hi-Tech Advantages: IMF

ARMENIA HAS CERTAIN HI-TECH ADVANTAGES: IMF

ARKA
Feb 12, 2010

YEREVAN, February 12, /ARKA/. Mark Lewis, who headed an IMF
delegation’s visit to Armenia, said in an interview with a local daily
Kapital that Armenia possesses certain advantages in hi-tech sector.

He said the IMF does not have a concrete analysis of Armenian IT
industry, but one can say that its share in the overall GDP is little.

‘We hope that in a mid-term perspective IT’s share may increase,
but I would like to repeat-it is too little now,’ he said.

According to a report by Enterprise Incubator Foundation (EIF),
Armenian IT’s share in 2)09 GDP was 1.1%, comparable with 1.4% of
India and 1.3% of Germany. According to the report, software and
services segment grew by 27% over the last decade.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS