EEU ever-growing market for Armenia’s IT sector - Bagrat Yengibaryan
By Meri Mikaelyan
Bagrat Yengibaryan, Founding Manager of the Enterprise Incubator Foundation (EIF), is sure that Armenia’s information technologies sector has serious potential in the Eurasian Economic Union (EEU) market – Russia, Belarus and Kazakhstan.
“I think that Russia, Belarus and Kazakhstan are an ever-growing market for Armenian engineering designs,” Mr Yengibaryan told Tert.am.
He disagrees with the opinion that Armenia has always had access to the markets in question.
“We have begun thinking of it only now. And drafting measures with the EEU, creating innovation centers and obtaining funds is of high importance,” Mr Yengibaryan said.
At present, Armenian companies have access to many previously closed projects.
Armenian, Russian, Belarusian or Kazakh engineers will find new areas of cooperation and create new hi-tech solutions.
“There are serious competitive advantages, and we can equally compete with Russians as he we superior to Kazakhs in a number of respects. It means that Armenians will greatly contribute to cooperation and get serious advantages,” Mr Yengibaryan said.
As regards European markets, he said that Europe has always been the second major IT region for Armenia after the United States.
“Europeans make incredible investments in the IT sector to be able to compete with the United States. And it is not surprising that in many cases Armenians are considered rivals rather that support seekers. Europe is a market offering well-paid job and is not far away from us,” Mr Yengibaryan said.
On the other hand, he points difficulties in selling IT products in France, Germany or Spain.
“If we have advantages in Russia and in the United States, with its large Armenian community, we have not the same advantages in Europe. But Armenia could be a bridge between the EEU and Europe, which could create numerous cultural centers here.”
Armenia’s role as a regional hub will be enhancing if the country finds its right position between Europe, Eurasia and Americas.
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