IT Sector as the Most Perspective High-Tech Industry in the Republic of Armenia

Nowadays the economic growth and economic stability are the main state strategic directions for any economy. The Republic of Armenia is not an exception for that issue. Moreover, during 2016 the country faced with many political and economic challenges which made the Government reorganize as it had not been able to provide economic growth and higher results in many economic areas. Nevertheless, there are some spheres where the growth was noticed and one of that spheres is considered to be the Armenian IT sector, which comes to be the most sustainable and perspective in the country as it does not mostly depend on geographic location, borders, political and other competitive advantages. The article describes the trends of growth of the Armenian IT sector, the current positions of Armenian IT products and the regulatory policy held by the Government of the state, which fosters the sector growth and gains more and more productive results.