The favorable IT climate in Armenia is the reason for the recent software boom.There are more than 450 IT companies, which are employing more than 10 thousand software developers and engineers. Around two thirds of Armenian IT output is exported to over 20 countries. So what is standing between Armenia and its dream of building a "Silicon Mountain"?
The emerging startup ecosystem in Armenia is very vibrant but faces many challenges. Tech expert and startup enthusiast, Artashes Vardanyan takes a critical look at the existing beliefs in the startup sector that need to be readjusted to ensure future success.
The engine to a developed economy is the competitiveness of local businesses, because they are the building blocks of the economy and the country’s development. It is time for Armenia’s economy to advance to the next level of efficiency and each company has a unique role to play in this regard, writes Sona Grigoryan.