Technological Revolution to make Armenia one of innovative technological centers: Armenia’s PM

Technological revolution will allow Armenia to become one of the contemporary technological centers, Armenia’s Prime Minister Nikol Pashinyan stated at the opening of WCIT-2019 in Yerevan today.

“We are in the phase of economic revolution which is taking place thanks to decentralization. The economy of our country is registering impressive growth, as of now we have 7% economic growth,” Pashinyan, said, voicing hope  that it all will be followed by the technological revolution which will result in making Armenia one of the innovative technological centers.

Pashinyan stressed that tax privileges have been set for newly created technological companies.

“They are freed from profit tax and pay just 10% income tax by 2023,” the prime minister said.

WCIT 2019 has attracted more than 2,500 participants from more than 70 countries.