Thursday, April 9 2020 20:54
Alina Hovhannisyan

Coronavirus hits IT sector

Coronavirus hits IT sector

ArmInfo. Despite the fact that  IT sector does not belong to those vulnerable sectors that mostly suffered from the spread of coronavirus, however, the pandemic  affects this area of economic activity as well.

In an interview with the Public Television of Armenia, the Minister  of High-Tech Industry of Armenia Hakob Arshakyan noted that the  domestic IT sector's growth has slowed down.

In this regard, he referred to the results of an online conference  with the participation of representatives of IT companies, during  which the latter reported a freezing of orders from Europe, North  America and other regions.  The acceleration in the implementation of  grant programs, according to Arshakyan, is due to the current  dynamics and situation. "I understand that this will not solve all  the problems, but it can help to certain extent," he said, adding  that he hopes for an early resumption of growth.

At the same time, the Minister drew attention to the fact that in the  current situation, when domestic IT services are serving foreign  markets less and less, the potential of the latter can be used for  government needs. 

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