The turnover of high-tech companies increased by 20.6% in 2020, despite the epidemic and war in Armenia. As reported by “Armenpress”, the Minister of High-Technological Industry of the Republic of Armenia Hakob Arshakyan said this, summing up the results of 2020.

The Minister reminded that last year the coronavirus and war prevented the implementation of programs. “However, the high-tech sector in Armenia has grown in double digits in 2020. The turnover of the companies has increased by 20.6%, amounting to about 198 billion drams (only high-tech industry companies are included, communication operators are not included), “Arshakyan said.

The number of employees involved in the sector increased by 22%, reaching 18,747.