YEREVAN. – The information technology (IT) sector turnover in Armenia amounted to US$550 million in the year past, and this is 17 percent more, as compared to 2014.
Minister of Economy Artsvik Minasyan noted the aforementioned during his report at Monday’s joint session of the National Assembly committees, and regarding the “performance” of the 2015 State Budget of Armenia.
In his words, there are more than 400 IT companies in Armenia, and 15,000 specialists work in these enterprises.
Minasyan added that owing to the tax incentives law for startup IT companies, a total of 79 such startups were established in Armenia in 2015, and 329 jobs were created in these companies.