Majority of IT companies operating in Armenia are American

 The toll of foreign companies being operated in Armenia formed 72 in 2010, which means that 37% of the local companies are foreign ones, “Enterprise Incubator” foundation research tells.

According to the research compared with 2008, the number of companies with Russian or CIS participation has grown by 50%.

In the last 3-4 years the number of American and European companies has also grown. American companies form the majority of it (62%)