On Wednesday, July 3, Deputy Minister of High-Tech Industry of Armenia Ruben Simonyan met with a delegation from Georgia, headed by Deputy Minister of Economy and Sustainable Development Irakli Nadareishvili.
During the meeting, issues of sectoral cooperation and the implementation of joint regional programs were discussed. The topic of company participation in exhibitions was also touched upon.
Ruben Simonyan presented the ministry's current and upcoming programs, including the development of the startup ecosystem and digitalization.
Irakli Nadareishvili spoke about the progress in Georgia's technology sector and invited the Armenian delegation for a return visit. The Georgian delegation also visited the engineering town and the Tumo Center for Creative Technologies.
According to the report of the National Bank, in 2023, the revenues of Georgia's IT sector amounted to $784 million. This is 53% or $283 million more than for the same period in 2022.
Meanwhile, according to a study by the consulting company Modex, the turnover of Armenia's IT sector in 2023 amounted to 837 billion drams ($2.12 billion), which is 252 billion drams (over $630 million) or 43% more than in 2022. At the same time, about 87% or 755 billion drams ($1.91 billion) of the turnover of the IT sector were realized in external markets (i.e., exported), and 13% or 114 billion drams - in the domestic market.
