Armenia is considering appointing attache in Silicon Valley

ArmInfo. Armenia is considering appointing an attach‚ in Silicon Valle. Minister of High-Technological Industry of Armenia, Mkhitar Hayrapetyan, stated this during a press conference on April 15.

According to him, the opening of such an office will allow Armenia to  use global technological resources.  "This will provide an  opportunity to stimulate international cooperation, accelerate the  development of an innovation center and allow Armenia to position  itself as an international player in the field of high technologies,"  the minister emphasized.

According to the RA Statistics Committee, the information and  telecommunication technologies (ICT) sector of Armenia provided  revenue of 883.2 billion drams (over $2.2 billion) in 2023, which  exceeds the year-ago figure by 54.8%.

The service has traditionally been the dominant segment in ICTs -  with a share of 68.6% (versus 77.7% in 2022) or 606.2 billion drams,  with an increase of 36.7% over the year. The lion's share of services  falls on the information technology (IT) sector - 449.1 billion  drams, which is 52.4% higher than a year ago.

At the same time, the share of the ICT production segment decreased  over the year from 0.5% to 0.1%, and the volume of revenue decreased  by 63.8% - to 972.1 million drams.