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