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Friday, January 5, 2007

Armenia's Information Technology Sector Expands



Given the number of university graduates in Armenia, it only makes sense for the country to focus very heavily on expanding the IT sector. As a stable market in an unstable region, many companies obviously see the potential in our little country.
Armenia IT sector which experts say is the most advanced in the region, has expanded to $83.7 million in 2006, but nevertheless it is beginning to experience a shortage of skilled labor.

...some 150 companies, 105 are local ones, are working actively in this sector. In 2006 such IT giants as Microsoft, Ericsson and Sonics entered the Armenian market, while Intel launched a workshop here for assembling of laptops.
Our future will look bright once we move from mere manufacturing to research & development of nanotech, biotech, and other cutting-edge technologies.

Source: ArmenPress

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