Feb 25 2005
IT SECTOR REPORTS 10 PERCENT EXPORT GROWTH IN 2004
YEREVAN, FEBRUARY 25, ARMENPRESS: A recent study conducted by the
Armenian Enterprises Incubator Foundation revealed that Armenia’s
information technology sector made a 10-percent growth last year in
export volumes, as well as recruited 10 percent more personnel.
According to the findings, the sector employs now some 4,000 people
and the number of IT enterprises grew by 10 reaching overall 140.
IT’s contribution to GDP last year was 2 percent. According to
Enterprises Incubator chief executive manager, Bagrat Yengibarian,
the companies produced officially last year $50 million worth
products, but he also added that according to some other estimations,
the figure may be around $200 million.