The Software Industry

Filed under: Investment — Posted by Matt on August 27th

Amongst a good crop of new articles, HETQ Online has an article on the software industry in Armenia.

In 1990s the experience of the most successful exporters - India, Ireland, and Israel - greatly inspired the developing and less developed countries, and as E. Carmel put it, many countries “have been trying for ten years now to become the next India.” For several years, this ambition has been proclaimed on behalf of Armenia as well

In 2003 the annual turnover of the IT industry in Armenia was $24 million. The report talks of reaching a figure of $300-500 million in annual revenue by the year 2010.

Read the full article.

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