1st halfyear results in Armenia’s IT sector enable a projection of 20% growth by yearend, according to Enterprise Incubator Foundation director.

As Bagrat Yengibaryan told July 9 news conference in Yerevan, “with 300 IT enterprises already operating in Armenia, a strong increase in the number of start-ups has been posted in the last 3 years.”

The Foundation official also noted a growing demand for IT specialists, with 10% medium salary growth in the sector reported.