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3 May 2011 - 06:25 AMT

54,2% growth reported in Armenia’s ICT sector sales volumes in Q1 2011

Communication and IT (ICT) sector proceeds grossed AMD 45,6 bln in the first quarter of 2011 in Armenia, dropping by 0,6% against last year’s index.

According to the National Statistical Service of Armenia, production in the sector of technologies and telecommunications yielded AMD 355 million decreasing by 3.3% compared with 2010 results. Sales volumes of communication and IT sector amounted AMD 5,7 billion in the first quarter of 2011, increasing by 54% compared with the same period in 2010.

Over January-March 2011, proceeds from telecommunication and IT services totaled AMD 39,6 billion, decreasing by 4,9% against 2010 results.