IT industry tops $1 billion, data showFebruary 6, 2024 - 13:01 AMT PanARMENIAN.Net - Turnover of the Armenian IT industry in 2023 increased one and a half times, amounting to 420.1 billion drams ( $1.037 billion at the current exchange rate), according to data released by the National Statistical Committee for January-December 2023. As previously noted, the growth of the IT industry in the country was facilitated by the influx of Russian companies, including branches of foreign corporations, which were transferred from Russia to Armenia. In 2023, imports of goods by postal and courier services increased by more than 80%. In absolute terms, over 3,5 million parcels were imported, which means more than one for each resident of the country on average. Export shipments also increased, but only by 22% – to approximately 144 thousand. As for other service-related industries, significant growth continued in the restaurant and hotel segment, which grew by almost 19%, amounting to 311.5 billion drams or $769 million. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Turkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks. Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin. Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |