The turnover of the RA IT sector in 2023 at current prices was about 837 billion drams, 252 billion drams or 43% more than last year.
Note: The taxes paid by each company is calculated as the difference between the total amount paid by the company and the amounts returned to the unified account in terms of VAT and excise tax.
In 2023, RA banks registered AMD 230 billion net profit which is 9% less than last year. Ardshinbank registered the biggest profit with AMD 62.7 billion. All banks, except Artsakhbank and Armswissbank, operated with profit, however 6 out of 16 commercial banks recorded a decrease in net profit.
After the outbreak of the Russian-Ukrainian war, thousands of IT professionals left Russia and settled in Armenia. As a result, by the end of 2022, the number of registered IT professionals in Armenia increased by almost 46% compared to January 2022. However, due to the continuing devaluation of AMD, the outflow of Russian professionals, a […]