ARMENIA

AT A GLANCE

Market GatewayMarket Gateway

Around 3 mln population

Tariff Free Access to CIS: Market of 250 Million Consumers

Access to Middle East Market

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

INFORMATION TECHNOLOGIESINFORMATION TECHNOLOGIES

Foreign Companies,

45

Domestic Companies,

105

Total Number of operating companies - 150

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

IT SECTOR REVENUESIT SECTOR REVENUES

Export, 62%

Domestic, 38%

Average annual revenue

84 million USD

• USA & Canada – 55%• Russia & CIS – 23% • Europe – 15%

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

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

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.

OTHER FAST GROWING OTHER FAST GROWING SECTORSSECTORS

JEWELRY & DIAMONDS AGRICULTURE PRECISION ENGINEERING ELECTRONICS CONSTRUCTION TOURISM

GLOBAL COMPACT ARMENIA

14 P.Adamyan Str, Yerevan, 0010 Armenia.Tel: +37410 547268Fax: +37410 543811

E-mail: armen.matosyan@undp.org www.gc.am

WE’LL BROKER YOUR DEALWE’LL BROKER YOUR DEAL