Armenia can competitively satisfy the needs of IT companies seeking access to a highly qualified talent pool of IT specialists at very cost competitive rates.
Armenia's competitive strengths in the software and IT services sector are based on a unique 50 year-old tradition of multi-generational IT skills. The highly qualified workforce is based on a traditionally strong education system and leading research institutions. Armenia was the leading center of computing technologies and regarded as the Silicon Valley of the Former Soviet Union (FSU). At its peak, in the beginning of the 1990's, the Armenian IT / electronics sector was supplying almost 30% of the computer-related equipment for the Soviet defense and space industries.
Nowadays the Armenian software and IT services sector is one of the most successful and fastest growing industries in Armenia and its contribution to GDP is comparable to countries like Germany and India.
The Government of Armenia has proclaimed IT to be one of its priority sectors and assists in stimulating its development.
For more information see the ADA publication "IT Sector in Armenia" provided in PDF format.
Key sectors:
IT, Electronics and Precision Eng., Mining, Energy, Fine chemicals and pharmaceutecal, Jewelry and diamonts, Textiles and Closing, Food and drinks, Tourism