President Robert Kocharian set up on Monday a consultative government council tasked with “supporting development of information technologies” seen as one of the promising sectors of the Armenian economy.
The body headed by Prime Minister Andranik Markarian includes senior government officials and senior executives from Armenia’s nascent IT industry. The latter will represent private firms operating in the country. Many of them are owned by foreign companies.
The government has declared further growth of the IT sector as one of the chief priorities of its economic policy. An IT development “concept” approved by it last March aims to turn Armenia into an “information society” through the creation of so-called “technoparks” and “technological incubators” The World Bank has already approved a $3.5 million grant for the creation of one such incubator that will serve as a tax haven for local high-tech businesses.