armenia at a glance. market gateway around 3 mln population tariff free access to cis: market of...
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ARMENIA
AT A GLANCE
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Market GatewayMarket Gateway
Around 3 mln population
Tariff Free Access to CIS: Market of 250 Million Consumers
Access to Middle East Market
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Investment IncentivesInvestment Incentives
Well Located for Access to CIS and Middle East Markets Cost Effective and Qualified Work Force Tax Incentives for Investors Free Repatriation of Profit No Limitations on Wire Transfers Favorable Investment Legislation Liberal Trade Policy No Restrictions on Foreign Investor Ownership Armenia is a Member of WTO
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INFORMATION TECHNOLOGIESINFORMATION TECHNOLOGIES
Foreign Companies,
45
Domestic Companies,
105
Total Number of operating companies - 150
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World-class scientific potential Highly qualified specialists Strong university programs Government support Extensive experience with large
multinational companies Strong diaspora in Europe and North
America
COMPETITIVE ADVANTAGESCOMPETITIVE ADVANTAGES
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IT SECTOR REVENUESIT SECTOR REVENUES
Export, 62%
Domestic, 38%
Average annual revenue
84 million USD
• USA & Canada – 55%• Russia & CIS – 23% • Europe – 15%
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Internet Applications, Web Development and Graphics
Consulting, Customized Software and Outsourcing
Management Information Systems, DBMS and Financial Software
Chip Design and Testing
IT SPECIALIZATIONSIT SPECIALIZATIONS
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ALTERNATIVE ENERGY – FUEL ALTERNATIVE ENERGY – FUEL CELLSCELLS Alternative solution to receding oil supplies and
increased global warming. Use oxygen and hydrogen to give electrons, heat
and water. Green motoring technology of the future Honda aims to offer fuel-cell cars by 2008
GM by 2010
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FUEL CELLS – ARMENIAFUEL CELLS – ARMENIA
Research and development of fuel cells and related technologies since 2000.
Available commercialized products. Exporting fuel cell products worldwide. Every day the scientists are challenged
to solve new problems, expanding their knowledge and capabilities.
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OTHER FAST GROWING OTHER FAST GROWING SECTORSSECTORS
JEWELRY & DIAMONDS AGRICULTURE PRECISION ENGINEERING ELECTRONICS CONSTRUCTION TOURISM
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GLOBAL COMPACT ARMENIA
14 P.Adamyan Str, Yerevan, 0010 Armenia.Tel: +37410 547268Fax: +37410 543811
E-mail: [email protected] www.gc.am
WE’LL BROKER YOUR DEALWE’LL BROKER YOUR DEAL