Information and communications technology |

We help our clients

To develop a financial model for investment projects in this field, carry out a feasibility study, prepare a business plan and attract investments for their implementation. In addition, to conduct salary research, optimize the business processes, study individual service markets, create a sector/sub-sector/value chain development strategy, etc.

The information and communication technology sector is one of the most important sectors of Armenia’s economy. It is the leading sector of services by its volumes and contributed 17.4% to the services provided in the country in 2021. Moreover, in recent years, the field of information technologies has been developing at a rapid pace. During the last five years, the volume of information technology services has more than doubled. The field of information technologies has both great potential for development, as well as challenges and problems, among which is the lack of qualified professionals.

Latest publications

The dynamics of the number of employed persons in the IT sector of Armenia

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 […]

10.01.24

3 min read

Taxes paid by the top IT taxpayers | Q1-Q3 2022/23

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.

10.11.23

5 min read

Top IT taxpayers | 2023 Q1-Q3

In January-September 2023, 69 IT companies were included in the list of 1000 large taxpayers. In January-September 2023, IT companies from the list paid AMD 59 billion in taxes or 4.2% of the total income supervised by the State Revenue Committee (SRC). 69 IT companies paid AMD 8.4 billion as profit tax, of which 20% […]

27.10.23

4 min read

Top IT taxpayers | 2023 Q1

In January-March 2023, 65 IT companies were included in the list of 1000 large taxpayers. In January-March 2023, IT companies from the list paid AMD 17.3 billion in taxes or 5% of the total income supervised by the State Revenue Committee (SRC). Note: The taxes paid by each company is calculated as the difference between […]

28.04.23

3 min read