EN
24 November 2009 - 10:58 AMT

Armenia: Annual IT turnover reaches USD 110 million in 2008

Currently, Information Technologies are an important development factor in RA, Enterprise Incubator Foundation director Bagrat Yengibaryan said in his statement on IT development challenges in Armenia, delivered at IT competitiveness forum in Yerevan.

As Bagrat Yengibaryan informed, 4-year research results show the major role IT technologies play in RA economy development.

According to foundation director, government-private sector collaboration will further promote Information Technologies’ integration into society, providing availability of a number of services.

Currently, 210 IT companies are already operating in Armenia, 25% specializing in software programming and 13% in web-design. In this context, Bagrat Yengibaryan noted that in 2008 annual IT turnover in Armenia reached USD 110 million, exceeding 1998 results by 27%. The sphere provided 5000 jobs in RA, with software production exports comprising USD 70 million.