ARMENIAN INFORMATION TECHNOLOGY SECTOR’S OUTPUT AMOUNTS TO 100 MILLION
DOLLARS IN 2006
YEREVAN, FEBRUARY 1, NOYAN TAPAN. Output of about 100 million USD was
produced in Armenia’s information technology sector in 2006. The RA
Deputy Minister of Trade and Economic Development Tigran Davtian said
this. According to him, in recent years the IT sector growth rates
made 15-20%, which exceed the index of the country’s GDP growth
rates. It was noted that more than 120 companies operate in the IT
sector, with the total number of their employees making 5,000.
T. Davtian noted that in 2006, investments of over 10 mln USD were
made in the sector. In his words, this year the investment flow into
educational and scientific infrastructures of the country’s IT sector
will continue – in the form of establishing scientific and edicational
complexes. Particularly, Syposys will open its center in the area of
Viasphere Technopark. Epygy Labs AM company is also going to open a
new center.