Armenia of interest to investors in information technologies

YEREVAN, October 1. /ARKA/. Armenia is of interest to investors in information technologies, Technical Director of “Arminco” Internet-provider company Grigory Saghian said at the seminar “Modern technologies in solving the problem of “last mile” on Monday.

According to Saghian, Armenia has the most advantageous conditions in the region in terms of recoupment of investments.

“We have low crime rate; we are the 39th in simplicity of establishing and doing a business so that Armenia is an attractive country for investors,” Saghian said.

He pointed out that the country has a great intellectual and financial potential for the development of IT sector.

Among disadvantages in Internet development of Armenia, Saghian pointed out the lack of the required recourses in the Armenian language.
“Our users not always know the languages in which the main stuff is presented in the web, and there is no that much stuff in Armenian,” he said.

According to him, another problem is the low level of development of the telecommunication infrastructures and the high tariffs as a consequence.

“For development of infrastructures, investments and competition are required. As of October 1 “ArmenTel” telecommunication company is deprived of all its monopolies in the field, which will lead to development of competition and reduction in prices and will encourage investors to invest means in the development of infrastructures,” Saghian said. N.V. –0--