Manuk Hergnyan, the Chairman of Economy and Values research center, a partner of World Economic Forum’s Global Competitiveness Network, said that Armenia is behind many countries in terms of connection to broadband Internet. “Internet development in Armenia is evident, however, the world is developing at much higher paces,” Hergnyan stated on September 9 in Yerevan.

According to 2010-2011 Global Competitiveness Report, 8-point drop was recorded in innovation index of Armenia as compared with 2009. Meanwhile, Armenia is ranked 81st by the level of mobile subscribers’ base.