Armenia’s IT Sector Needs Huge Funds

ARMENIA’S IT SECTOR NEEDS HUGE FUNDS

news.am
Nov 2 2010
Armenia

The South Caucasus countries are creating their own competition
potential – either due to natural resources (Azerbaijan) or due
to communication lines (Georgia), Manuk Gergnyan, Director of the
EV Consulting Company and Head of the Economy and Values research
center, told journalists Nov. 2. Armenia should create its competition
potential due to knowledge, he said.

“We not only need new technologies, but also must use the opportunities
they afford, which will enable us not only leave our neighbors behind
in many respects, but also gain access to vast regions,” Gergnyan said.

He pointed out positive changes in Armenia over the recent period –
a higher number of mobile communication users, high-speed Internet
communication. However, it is not enough for being a competitive
country. “The IT sector needs serious investments, as information
technologies are not just a group of students with a few computers.

The IT needs huge funds to become a mover for the country,” Gergnyan.

From: A. Papazian

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