Grant Thornton Amyot: Armenia’s it sector attracts investors for its fast development
Grant Thornton Amyot: Armenia’s it sector attracts investors for its fast developmentARKA, 11.05.2009
Armenia’s IT sector attracts investors for its fast development, Gurgen Hakobyan, shareholder of Grant Thornton Amyot audit and consulting company, said on Sunday at a regular meeting of IT area’s prominent figures in Aghveran, Armenia.
He said investors’ interest in mining and metallurgy areas is dwindling now because of the fall in world prices for metals.
“Instead, interest in IT companies is increasingly growing”, Hakobyan said.
He said that thanks to it, Armenian companies get opportunities to enter securities market.
“Entrance in IPO market will enable companies to attract funds and become leaders thanks to implementing reforms, protecting property rights and spurring foreign investors’ interest in Armenia”, Hakobyan said adding that it is possible to use intellectual property as additional capital.
He thinks that to enter IPO market the country should improve economic situation and conduct audit at least three consecutive years to convince potential investors of transparency of companies. M.V.-0---
