Ministry of Economy

transfer all public administration and public services to electronic form. introduce information and communication technologies in the private sector. and support and develop the digital skills of the population. These programs are supervised by the Government of Armenia.

the and the Ministry of High-Tech Industry.

“In addition to the digitalization strategy. we recommend that Russian companies familiarize themselves with three documents. The first is the Law of the Republic of Armenia dated January 15. 2005. No. 3P-40 “On gambling database  Electronic Document and Electronic Digital Signature”. It is important because. according to Armenian law. 100% of trades must be conducted electronically. The second is Law No. 3P-49 “On the Protection of Personal Data”. This is a fundamental law that you need to know before promoting a product. It has a lot in common with its Russian counterpart. but there are a number of fundamental differences. The third law is No. 3P-135 “On Currency Regulation and Currency Control”. Despite the fact that transactions are conducted either in rubles or drams. some

companies prefer other currencies.” said Alexey Ordin.

At the same time. in the Armenian IT market. which is worth $2 billion. Russian companies will have to compete with Western IT vendors and their products. “We recommend that Russian companies work with distributors. local system integrators and create representative offices. joint ventures with th aruba business databasee Armenian side. We see that domestic products are in demand. In the cybersecurity industry alone. the share of Russian solutions has grown from 28% to 35% in 2023-2024. In 9 ways to make online meetings more effective  Armenia. there is support for digitalization at the state level. a stable personnel base and educational initiatives. there are more than 10 joint Russian-Armenian educational projects. Finally. an integrated approach is very important: complex systems sell better than a single product.” concluded Alexey Ordin.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top