Saturday, February 24 2018 17:22
Alina Hovhannisyan

Armenia officially starts preparatory work on holding the World IT Congress -2019 in Yerevan

Armenia officially starts preparatory work on holding the World IT  Congress -2019 in Yerevan

ArmInfo. Armenia officially  starts organizational work on the holding of the Global Congress-2019  (WCIT-2019) in Yerevan, which will be held from 3 to 6 October.  This  was announced by the chairman of UITE Alexander Yesayan on February  24 during a press conference. He noted that Armenia will have to  implement a huge amount of work.

In turn, UITE Executive Director Karen Vardanyan noted that today  Armenia already has a program of envisaged work on the organization  of the congress, prepared sponsorship packages, developed a web page  design, conducted branding, at the stage of finalizing work on  developing branding for B2B meetings.

According to Vardanyan's estimate, WCIT-2019 will gather about 2  thousand delegates from different countries of the world, of which  half will be Armenia and Diaspora, about 500 - from developed  countries, and the remaining part - Representatives of the markets  that are of interest to Armenia, in particular the African, Arab  markets and the Latin American market.

In addition, he noted that a government commission had been set up a  few months ago, but so far no full meetings had been held. "We hope  that after the next Congress in India from 19 to 21 February, the  meeting of the commission will be held soon, and we will hold  relevant discussions, and as a result, we will ensure the progress of  the preparations," he stressed.

The budget of the envisaged works has not been specified yet, but  according to preliminary estimates it will amount to several million  US dollars, Vardanyan said. "Everything depends on the number of  participants, and the program of our events for the reception of  guests," he explained. In this regard, Vardanyan said that $ 750  thousand will be allocated from the state budget as a mandatory  contribution, stipulated by the organizers for the right to host the  Congress. In particular, he noted that until May of this year Armenia  should present the project itself to the World Alliance of IT  Associations (WITSA). "Even after discussions with WITSA, it will be  possible to talk more specifically about the envisaged events," he  stressed.

Answering the question of ArmInfo, A. Yesayan noted that thanks to  the holding of the Congress, Armenia will have an opportunity to  present domestic potential on the international scene to world  leaders and giants of the IT sphere. Speaking about the  competitiveness of Armenian IT products, he noted: "If we compare  with India, we can not compete with them in the quantitative and  price segment, but from the qualitative point of view, the Armenian  IT product takes a high position. In particular, the mathematical  direction of IT in Armenia is quite competitive. If we manage to  adequately position ourselves at the Congress, we will be able to  attract large additional investments into the sphere."

Note that the Congress is organized since 1978 by the World Alliance  of IT Associations (WITSA) and has been held every two years in  different countries, and since 2017 - annually. WCIT is the world's  largest IT event and gathers top managers from leading companies,  university leaders and research centers, as well as the world's  highest representatives of the world - more than 2,000 delegates and  50 exhibitors. This year the Congress was held in Hyderabad (India).

According to the National Statistical Service of Armenia, the IT  sector of Armenia as of the end of 2017 reached a 13.6% growth,  providing an annual revenue of 269.1 billion drams ($ 557.5 million).  According to the National Statistical Service of the Republic of  Armenia, 80.1% of the total volume of the IT sector's revenue falls  on the services provided, with an annual growth of 6.5% to 215.5  billion drams. Considering the anticipated GDP in 2017, the share of  the IT sector will be about 5% of GDP.

POST A COMMENT
Input digits     


News
Nikol Pashinyan discussed with the leadership of the French company  Nikol Pashinyan discussed with the leadership of the French company  "AMUNDI" the tasks of pension reform
Central Bank of Armenia: IMF approved stand-by loans to Armenia worth  about $ 248.2 millionCentral Bank of Armenia: IMF approved stand-by loans to Armenia worth  about $ 248.2 million
RA Agriculture Ministry Launches Program to Promote Local Seed  ProductionRA Agriculture Ministry Launches Program to Promote Local Seed  Production
At the meeting with the delegation of the French company At the meeting with the delegation of the French company "Amundi",  the Vice Premier of the Republic of Armenia stated the Government`s  readiness to expand the cooperation framework
Representative of the EAEU: the Eurasian Economic Union is an  exclusively economic association without political componentRepresentative of the EAEU: the Eurasian Economic Union is an  exclusively economic association without political component
Ministry of Agriculture has developed fight with tomato moth programMinistry of Agriculture has developed fight with tomato moth program
Central Bank of Armenia: The volume of plastic transactions increased  by 22.5% per annum by April 2019, while the number of cards grew by  17.3%Central Bank of Armenia: The volume of plastic transactions increased  by 22.5% per annum by April 2019, while the number of cards grew by  17.3%
Expert: Armenian authorities and political forces have full consensus  on the republic`s membership in the EAEUExpert: Armenian authorities and political forces have full consensus  on the republic`s membership in the EAEU
Ardshininbank Reopens “Noyemberyan” BranchArdshininbank Reopens “Noyemberyan” Branch
Number of divorces in Armenia by April 2019 decreased by 16.7% per  annum, with growth of marriages by 5.6%Number of divorces in Armenia by April 2019 decreased by 16.7% per  annum, with growth of marriages by 5.6%
Birth rate in Armenia decreased by 3.1% per annum by April 2019Birth rate in Armenia decreased by 3.1% per annum by April 2019
In the first quarter of 2019, Armenia increased the production of  alcoholic beverages with the exception of whiskeyIn the first quarter of 2019, Armenia increased the production of  alcoholic beverages with the exception of whiskey
The new governor of Tavush region of Armenia intends to implement in  the region about 100 new projects totaling about 20 billion dramsThe new governor of Tavush region of Armenia intends to implement in  the region about 100 new projects totaling about 20 billion drams
Forecast: Selling Iranian oil at dumping prices could lead to a price  collapseForecast: Selling Iranian oil at dumping prices could lead to a price  collapse
Ameriabank presented a scoring system for issuing online business  loans for SMEs at the international conference Caucasus19Ameriabank presented a scoring system for issuing online business  loans for SMEs at the international conference Caucasus19
Negative migration balance of Armenia in Q1 of 2019 amounted to 1 218  peopleNegative migration balance of Armenia in Q1 of 2019 amounted to 1 218  people
Statistics: In the Q1 of 2019, the population of Armenia decreased by  3.2 thousand peopleStatistics: In the Q1 of 2019, the population of Armenia decreased by  3.2 thousand people
Interagency commission in Armenia approved roadmap on CEPA  applicationInteragency commission in Armenia approved roadmap on CEPA  application
Gazprom Armenia will attract a syndicated loan of up to $ 150 millionGazprom Armenia will attract a syndicated loan of up to $ 150 million
Ministry of Territorial Administration and Development initiated  discussions on the roadmap of the EU grant program in three regions  of ArmeniaMinistry of Territorial Administration and Development initiated  discussions on the roadmap of the EU grant program in three regions  of Armenia
Travel agency director: Bad roads hamper Development of inbound  tourism in ArmeniaTravel agency director: Bad roads hamper Development of inbound  tourism in Armenia
Karen Andreasyan: Georgian operator is a interlink and monopolist in  organizing Armenia-Georgia- Azerbaijan toursKaren Andreasyan: Georgian operator is a interlink and monopolist in  organizing Armenia-Georgia- Azerbaijan tours
Armenia works towards avoiding double taxation and prevention of tax  evasion on income taxes with the Kingdom of DenmarkArmenia works towards avoiding double taxation and prevention of tax  evasion on income taxes with the Kingdom of Denmark
FRV Masrik company invests 28bln AMD in building Masrik-1 solar power  station in ArmeniaFRV Masrik company invests 28bln AMD in building Masrik-1 solar power  station in Armenia
Armenian Armenian "Arm-Fine" company invests 130 million drams in development  of production 
IIB Names Ardshinbank Most Active Issuing Bank in ArmeniaIIB Names Ardshinbank Most Active Issuing Bank in Armenia
RA Prime Minister discussed with the representatives of Chinese  companies the prospects for the implementation of investment programs  in ArmeniaRA Prime Minister discussed with the representatives of Chinese  companies the prospects for the implementation of investment programs  in Armenia
US Ambassador: There is still a lot of untapped potential in  Armenian-American economic relationsUS Ambassador: There is still a lot of untapped potential in  Armenian-American economic relations
Since May 17, import of poultry meat from Stavropol and Krasnodar is  banned in ArmeniaSince May 17, import of poultry meat from Stavropol and Krasnodar is  banned in Armenia
Expert: Prices for grapes this season will increase by an average of  20%Expert: Prices for grapes this season will increase by an average of  20%


Exchange rates
20.05.2019
RUB7.440.01
USD480.030.31
EUR535.620.06
GBP611.99-0.18
CAD357.191.66
JPY43.62-0.12
CNY69.58-0.09
CHF475.561.01


Experts
Yulia Ustyugova: Armenia can get access to IMF “insurance line”Yulia Ustyugova: Armenia can get access to IMF “insurance line”
Armand Arton: The question whether citizenship should be granted in  return for investments is rather rhetoricalArmand Arton: The question whether citizenship should be granted in  return for investments is rather rhetorical
Former head of the Ministry of Finance: <Confrontation> with Lydian may cost much to ArmeniaFormer head of the Ministry of Finance: with Lydian may cost much to Armenia
Vardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDPVardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDP
HSBC Bank Armenia increases efficiency and focuses on digital servicesHSBC Bank Armenia increases efficiency and focuses on digital services
Bulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactoryBulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactory
Expert: Recruitment market in Armenia from the point of view of  supply and demand is sleepingExpert: Recruitment market in Armenia from the point of view of  supply and demand is sleeping
Expert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limitedExpert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limited
Association of Organic Agriculture is being created in ArmeniaAssociation of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not changePailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not change
Rouben Indjikian: Everyone should follow the established unified and fair rules of the gameRouben Indjikian: Everyone should follow the established unified and fair rules of the game
Mher Arakelyan:  Armenia`s payment business has great prospectsMher Arakelyan:  Armenia`s payment business has great prospects
Rating-Agentur Expert RA GmbH and AmRating issued an industry report  on Armenia`s banking systemRating-Agentur Expert RA GmbH and AmRating issued an industry report on Armenia`s banking system
Igor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care ofIgor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care of
Ara Khzmalyan: Armenia is comfortable to Russian touristAra Khzmalyan: Armenia is comfortable to Russian tourist
The Armenian delegation to the US followed the advice of President TrumpThe Armenian delegation to the US followed the advice of President Trump
Outflow of population and passivity of the Diaspora pushes property prices downOutflow of population and passivity of the Diaspora pushes property prices down
Finombudsman: Amendments to the Civil Code on the imposition of fines and penalties will reduce the number of outstanding loans and  non-creditworthy consumersFinombudsman: Amendments to the Civil Code on the imposition of fines and penalties will reduce the number of outstanding loans and non-creditworthy consumers
Vahan Shakaryan: If we promote Armenia, the promotion of economic sectors will not be a run with obstacles, but a light run for short distancesVahan Shakaryan: If we promote Armenia, the promotion of economic sectors will not be a run with obstacles, but a light run for short distances
Gagik Aghajanyan: There is no need to look for alternatives - it is necessary to work and develop actual   directionsGagik Aghajanyan: There is no need to look for alternatives - it is necessary to work and develop actual   directions

Search by date

Government Bonds

 

ISIN AMGT13291250
Auction ID AMGB1029A250A
Date 02.02.2019
Issue date 29.10.2019
Issue volume (AMD) 50 000 000 000
Maturity date 29.10.2025
Coupon year yield 11.00%
Auction volume (AMD) 1000 000 000 - 2.000 000 000
Auction date 12.05.2017
DLS
Total amount (AMD) 1 000 000 000
Amount of the total bids (AMD) 787 200 000
Amount of the total accepted bids (AMD) 787 200 000
Cut of yield (%) 10,6447
Weighted avrage yield (%) 10,6447
Auction max  yield (%) 10,6447
Auction min  yield (%) 10,6447
Number of participants 5
ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

Commented
Forecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategyForecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategy
ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019
Overdue loans accelerate growth in banking system of ArmeniaOverdue loans accelerate growth in banking system of Armenia
RA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in ArmeniaRA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in Armenia
T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas 
Agreement on construction of a new unit with combined gas cycle  signed in YerevanAgreement on construction of a new unit with combined gas cycle  signed in Yerevan
Veolia Jur: Regulatory charges are false and unfoundedVeolia Jur: Regulatory charges are false and unfounded
Armenian Prime Minister: We are gaining momentum for economic takeoffArmenian Prime Minister: We are gaining momentum for economic takeoff
Through the mobile banking application of Ardshinbank you can get a  loan in seconds.Through the mobile banking application of Ardshinbank you can get a  loan in seconds.
By the end of 2018, By the end of 2018, "Galburdjian Group" will launch the production of  sesame oil in Armenia
Expert: Armenia has a problem with effective use of water resources,  rather than small hydropower stationsExpert: Armenia has a problem with effective use of water resources,  rather than small hydropower stations
Investment forum Investment forum "Energy Week 2018" to be held in Armenia
Expert: It is necessary to start implementing the program for the  construction of a new nuclear unitExpert: It is necessary to start implementing the program for the  construction of a new nuclear unit
The Armenian government suggests raising the minimum pension by 60%The Armenian government suggests raising the minimum pension by 60%
The updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of EnergyThe updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of Energy
Eurasian Development Bank wishes to expand its activities in ArmeniaEurasian Development Bank wishes to expand its activities in Armenia
$ 100 million to be invested in repatriation project Build Armenia$ 100 million to be invested in repatriation project Build Armenia
FRV: Armenia`s growing desire to increase renewable energy sources is  a decisive factorFRV: Armenia`s growing desire to increase renewable energy sources is a decisive factor
Suren Papikyan: It`s safe now to do business in Armenia, assures  Armenian MinisterSuren Papikyan: It`s safe now to do business in Armenia, assures  Armenian Minister
Armenian state debt started reducing up to $6.7 bln to June 1 2018Armenian state debt started reducing up to $6.7 bln to June 1 2018
Minister: Implementation of program on liberalization of the electric  power complex of Armenia will be completed within the next two yearsMinister: Implementation of program on liberalization of the electric  power complex of Armenia will be completed within the next two years
Nikol Pashinyan: In a number of cases after paying fines and  penalties the borrowers will be allowed to take new loan Nikol Pashinyan: In a number of cases after paying fines and  penalties the borrowers will be allowed to take new loan 
German bank KFW urges Armenia to build power line in the direction to  GeorgiaGerman bank KFW urges Armenia to build power line in the direction to  Georgia
Anna Chobanyan-one of most likely candidates for new Head of General  Department of Civil Aviation Anna Chobanyan-one of most likely candidates for new Head of General  Department of Civil Aviation 
IFAD confirms its readiness to develop and implement new joint programs with Armenia`s Agriculture MinistryIFAD confirms its readiness to develop and implement new joint programs with Armenia`s Agriculture Ministry
Rosselkhoznadzor asks not politicize the issue of deliveries of tomatoes from Armenia to RussiaRosselkhoznadzor asks not politicize the issue of deliveries of tomatoes from Armenia to Russia