The South Caucasus countries are creating their own competition potential – either due to natural resources (Azerbaijan) or due to communication lines (Georgia), Manuk Gergnyan, Director of the EV Consulting Company and Head of the Economy and Values research center, told journalists Nov. 2. Armenia should create its competition potential due to knowledge, he said.

“We not only need new technologies, but also must use the opportunities they afford, which will enable us not only leave our neighbors behind in many respects, but also gain access to vast regions,” Gergnyan said.

He pointed out positive changes in Armenia over the recent period – a higher number of mobile communication users, high-speed Internet communication. However, it is not enough for being a competitive country. “The IT sector needs serious investments, as information technologies are not just a group of students with a few computers. The IT needs huge funds to become a mover for the country,” Gergnyan.