ArmInfo. Despite certain obstacles caused by the coronavirus pandemic and the outbreak of hostilities in Artsakh, the Ministry of High-Tech Industry of Armenia in 2020 implemented a number of programs planned under the strategy, ensuring double-digit growth rates. Minister of High-Tech Industry of Armenia Hakob Arshakyan stated this during a press conference on February 9.
In particular, he said that the turnover of companies operating in the field of high technologies increased in 2020 by 20.6%, amounting to 198 billion drams. The number of employees in this industry increased by 22%, reaching 18,747 people, and the number of active companies reached 1228. According to the minister, 192 new companies received certificates in 2020, thanks to which the latter, according to the law, will receive new benefits. At the same time, as the head of the high-tech department said, the volume of taxes paid in this industry increased by 14%, exceeding 41 billion drams. In addition, according to Arshakyan, Armenian startups, which have research centers here and create appropriate products, have managed to attract $ 50 million in investments from foreign markets. "That is, high-tech companies and products were created in Armenia, which managed to show results that aroused interest among venture capitalists and other investors, and through their high-tech products they were able to attract investments. We hope that these amounts will increase in the near future, "the minister stressed. It should be noted that according to the RA Statistical Committee, the revenue of the entire information and telecommunication technologies (ICT) field in 2020 reached 318.1 billion drams (about $ 650.6 million), exceeding the indicator of a year ago by 2.8%. This general decline in growth dynamics is mainly due to a drop in revenues for the country's telecom operators.
