Armenia IT sector’s turnover exceeds $1 bln. - minister

YEREVAN, May 31. /ARKA/. Armenian IT sector’s turnover in 2022 exceeded the $1 billion mark, Minister of High Technologies Industry Robert Khachatryan said on Tuesday. 

"The law on incentives for new IT companies is still in effect in the country. However, neither these nor other incentives apply to online betting companies," Khachatryan said at a meeting of the National Assembly committees during the discussion of the 2022 state budget execution. 

According to the Minister, despite the fact that granting of privileges is organized in such a way that companies from the gambling industry cannot receive them, they are considered to be IT sector companies.

According to the Armenian Government, more than 12 thousand new companies and 25 thousand private entrepreneurs were established in the country in 2022. Relocation of foreign citizens, mainly from Russia, to Armenia played a major role in this process. --0--

Read the news first and discuss them in our Telegram

20:23 05/31/2023