More than 1 billion drams in relief to be provided to 64 IT companies in Armenia

15:46,

YEREVAN, SEPTEMBER 17, ARMENPRESS. 64 IT companies based in Armenia in the areas of artificial intelligence, data science, robotics, communications, radio electronics and others have been approved by the Ministry of High Tech Industry for the first and second programs of the government’s coronavirus relief package designed for tech companies .

More than 1 billion drams in total will be provided to these companies, Deputy Minister Victoria Poghosyan said.

The program’s phase three is currently underway, envisaging up to 30 million drams in aid to companies that will attract documented and confirmed investments.

Editing and Translating by Stepan Kocharyan

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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