Friday, September 15 2017 17:08
Naira Badalian

Hovik Musaelyan: Over the previous year and a half, the "brain drain" - IT professionals abroad has decreased quite a bit

Hovik Musaelyan: Over the previous year and a half, the "brain drain" - IT professionals abroad has decreased quite a bit

ArmInfo. Over the previous year and a half, the "brain drain" - IT specialists abroad has decreased significantly, "said Synopsys Armenia executive director Hovik Musaelyan on September 15 at a press conference in response to a question from ArmInfo. According to him, this was promoted by the growth of salaries and today, on average, it is about $ 1000 - $ 1200, which is quite a competitive indicator.

According to the head of "Synopsys Armenia", currently there is a tendency that many specialists of the sphere, leaving Armenia for a better life, soon return to their homes after satisfying their minimal needs. At the same time, according to Musaelyan, "unworthy behavior" of enticement of personnel by competitors remains in Armenia. While some companies invest in the education and training of future cadres, others, not investing a penny in their development, only slightly increase their salaries, entice a valuable specialist.

As the director of the Enterprise Incubator Foundation (EIF) Bagrat Yengibaryan noted, the average salary of the IT sphere is comparable to the average salary in many European countries - the Czech Republic, Poland. It is noteworthy, however, that the work done by this specialist in Armenia is much more expensive than her financial evaluation. "Today the Armenian IT specialist leaves the country not to the Russian Federation, but to the US, where programmers receive five times more than in Armenia, which means that we have much to grow." At the same time, Armenia is not China, and not India and our specialists do not agree to work for small money, "he said. It should be noted that the total turnover of over 500 IT companies operating in Armenia has overcome the $ 600 million threshold. Over the past 7 months alone, the sphere recorded 30-35% growth. In the field involved 15 thousand highly qualified specialists.

POST A COMMENT
Input digits     


News
Think about tomorrow a bit more. Why save?Think about tomorrow a bit more. Why save?
Aluminum foil exports  decreased in Armenia while maintaining their  customs valueAluminum foil exports  decreased in Armenia while maintaining their  customs value
Armenian Customs Service: Gold trade decreased significantly in the  first half of 2025Armenian Customs Service: Gold trade decreased significantly in the  first half of 2025
Armenia`s diamond trade decreased  by almost 50% in the first half of  2025Armenia`s diamond trade decreased  by almost 50% in the first half of  2025
Arsen Torosyan: 420,000 citizens to benefit from pensioner cashback  program by the end of next yearArsen Torosyan: 420,000 citizens to benefit from pensioner cashback  program by the end of next year
State Revenue Committee,  EBRD, and Grant Thornton Armenia launch  skills development program for refugeesState Revenue Committee,  EBRD, and Grant Thornton Armenia launch  skills development program for refugees
 GIZ  entrusted with implementation of programs worth ?15.6 million as  part of Armenia`s technical cooperation with Germany GIZ  entrusted with implementation of programs worth ?15.6 million as  part of Armenia`s technical cooperation with Germany
Social Ministry`s program budget to be increased by 9.6% in 2026Social Ministry`s program budget to be increased by 9.6% in 2026
Armenia extending ban on export of ferrous and non-ferrous metal  scrap and waste until August 2, 2026Armenia extending ban on export of ferrous and non-ferrous metal  scrap and waste until August 2, 2026
IMF: Armenia- Azerbaijan improving relations to facilitate greater  regional cooperation and integrationIMF: Armenia- Azerbaijan improving relations to facilitate greater  regional cooperation and integration
Armenian government to support procurement process of Voskehat and  Areni grapesArmenian government to support procurement process of Voskehat and  Areni grapes
Armenia to get $250 million loan from  ADB to address housing needs  of internally displaced persons from Nagorno-KarabakhArmenia to get $250 million loan from  ADB to address housing needs  of internally displaced persons from Nagorno-Karabakh
New bridgework near Armavir - South Caucasus Railway New bridgework near Armavir - South Caucasus Railway 
EU to allocate EUR 5mln for enhancing Armenia`s nuclear safety and  radiation protection EU to allocate EUR 5mln for enhancing Armenia`s nuclear safety and  radiation protection 
Armenia`s Ministry of Finance proposes tax benefits for  government-funded programs Armenia`s Ministry of Finance proposes tax benefits for  government-funded programs 
Armenia, Argentina discuss prospects for joint technology projects Armenia, Argentina discuss prospects for joint technology projects 
Construction of 32-km-long section of Kajaran-Agarak highway must  meet high quality standards - official Construction of 32-km-long section of Kajaran-Agarak highway must  meet high quality standards - official 
Armenia attaches importance to continued cooperation with EIB in  implementing major infrastructure programs and  private sector  developmentArmenia attaches importance to continued cooperation with EIB in  implementing major infrastructure programs and  private sector  development
Tashir Capital will once again appeal to Public Services Regulatory  Commission on October 30th, demanding reduction in electricity  tariffs for populationTashir Capital will once again appeal to Public Services Regulatory  Commission on October 30th, demanding reduction in electricity  tariffs for population
Fourth meeting of EU-Armenia Investment Coordination Platform held in  YerevanFourth meeting of EU-Armenia Investment Coordination Platform held in  Yerevan
ENA former management  proposed reducing electricity tariffs to  Public Services Regulatory Commission, but the proposal was denied -  David GhazinyanENA former management  proposed reducing electricity tariffs to  Public Services Regulatory Commission, but the proposal was denied -  David Ghazinyan
Armenian-German intergovernmental talks starting in BerlinArmenian-German intergovernmental talks starting in Berlin
Connected, Convenient, Converse: Andranik Grigoryan Presents Converse Bank’s Digital Transformation Journey at the BACEE ConferenceConnected, Convenient, Converse: Andranik Grigoryan Presents Converse Bank’s Digital Transformation Journey at the BACEE Conference
In 2024, Armenia exported 48 million liters of bottled brandyIn 2024, Armenia exported 48 million liters of bottled brandy
In the first eight months of 2025, Armenia`s exports to Germany  exceeded the volume from 2024 - Economy MinisterIn the first eight months of 2025, Armenia`s exports to Germany  exceeded the volume from 2024 - Economy Minister
VWFA discusses opportunities to export Armenian wine to JapanVWFA discusses opportunities to export Armenian wine to Japan
Armenia`s 1,000 major taxpayers: trade sector has lion`s shareArmenia`s 1,000 major taxpayers: trade sector has lion`s share
RA State Control Service`s budget to be increased next yearRA State Control Service`s budget to be increased next year
More funds for RA premier`s staff, less for RA presidentia, staff, NA  in 2026More funds for RA premier`s staff, less for RA presidentia, staff, NA  in 2026
ArmSwissBank wins Ipra Golden World Award 2025 in climate change and literacy categoryArmSwissBank wins Ipra Golden World Award 2025 in climate change and literacy category
Underwater cable across Black Sea awaiting European Commission`s  approval Underwater cable across Black Sea awaiting European Commission`s  approval 
 Medium-term funding of professional research on certain bills  possible - minister  Medium-term funding of professional research on certain bills  possible - minister 
Public Services Regulatory Commission declined proposal to lower  electricity supply prices - Our Movement coordinator Public Services Regulatory Commission declined proposal to lower  electricity supply prices - Our Movement coordinator 
ANC vice-chairman releases new program proposalANC vice-chairman releases new program proposal
Condominium management rules to be modified in ArmeniaCondominium management rules to be modified in Armenia
Armenian Conference Interpreters Association: A Reliable Platform for Professional CollaborationArmenian Conference Interpreters Association: A Reliable Platform for Professional Collaboration
IDBank - Silver Sponsor of BACEE’s 50th Jubilee International Banking ConferenceIDBank - Silver Sponsor of BACEE’s 50th Jubilee International Banking Conference
Armenia named Europe`s Leading Heritage Destination 2025Armenia named Europe`s Leading Heritage Destination 2025
In 2026, 74.5 billion drams to be allocated  for  Economy Ministry`s   projectsIn 2026, 74.5 billion drams to be allocated  for  Economy Ministry`s   projects
RA Economy Ministry expects GDP per capita to exceed $9,000 by year  endRA Economy Ministry expects GDP per capita to exceed $9,000 by year  end
 Khudatyan: Armenia currently discussing subsidy program for  construction of storage plants  Khudatyan: Armenia currently discussing subsidy program for  construction of storage plants 
With complete unblocking of communications, at least two land roads  to open between Armenia and Russia - Economy Minister With complete unblocking of communications, at least two land roads  to open between Armenia and Russia - Economy Minister 
Preparatory work to design new nuclear power unti to get underway  next year - minister Preparatory work to design new nuclear power unti to get underway  next year - minister 
RA State Revenue Committee to get AMD 23bln more next year RA State Revenue Committee to get AMD 23bln more next year 
Construction of 34-km-long- section of Ashtarak-Talin highway to be  completed this year - minister Construction of 34-km-long- section of Ashtarak-Talin highway to be  completed this year - minister 
GDP growth to exceed target by the end of 2025 - minister GDP growth to exceed target by the end of 2025 - minister 
Armenian authorities want more AI experts Armenian authorities want more AI experts 
With the support of IDBank and Idram, the “Symphonic Forest” project was launchedWith the support of IDBank and Idram, the “Symphonic Forest” project was launched
RA Ministry of High-Tech Industry to get AMD 31.2bln next yearRA Ministry of High-Tech Industry to get AMD 31.2bln next year
Armenia`s banking system increased state treasury payments by 28% in  the first nine months, reaching $343 millionArmenia`s banking system increased state treasury payments by 28% in  the first nine months, reaching $343 million
Deputy Finance Minister: Declaration System  not failedDeputy Finance Minister: Declaration System  not failed
Central Bank on  2026 budget: Fiscal consolidation, investments, and  risk managementCentral Bank on  2026 budget: Fiscal consolidation, investments, and  risk management
Economy Minister: Armenia`s trade turnover with EU countries totaled  $2.9 billion in January-September 2025Economy Minister: Armenia`s trade turnover with EU countries totaled  $2.9 billion in January-September 2025
Pay at cafés and bars with Idram&IDBank and earn lots of idcoinsPay at cafés and bars with Idram&IDBank and earn lots of idcoins
EU  assisting Armenia in rebranding Armenian cognac- Economy Minister EU  assisting Armenia in rebranding Armenian cognac- Economy Minister 
 Armenia`s telecom operators paid $80.4 million to  state budget in  first nine months of 2025 Armenia`s telecom operators paid $80.4 million to  state budget in  first nine months of 2025
Starting January 1, 2026, all Armenian citizens, not just pensioners,  will be eligible to receive cashback - Ministry of FinanceStarting January 1, 2026, all Armenian citizens, not just pensioners,  will be eligible to receive cashback - Ministry of Finance
 Russian Federation`s restrictions on EAEU citizens` stay in Russia  contradicts provisions outlined in Treaty on  Eurasian Economic Union  - Minister Russian Federation`s restrictions on EAEU citizens` stay in Russia  contradicts provisions outlined in Treaty on  Eurasian Economic Union  - Minister
Ardshinbank— Armenia’s No. 1 Taxpayer in Direct Taxes AgainArdshinbank— Armenia’s No. 1 Taxpayer in Direct Taxes Again
Slowdown in industrial sector  leading to deceleration in  industrial  price index growthSlowdown in industrial sector  leading to deceleration in  industrial  price index growth
Read more
Exchange rates
30.10.2025
RUB4.75-0.04
USD382.720.10
EUR444.15-1.53
GBP504.23-1.52
CAD274.21-0.33
JPY24.86-0.27
CNY53.81-0.08
CHF478.40-2.22