ARMENIA AT A GLANCE

Market Gateway  Around 3 mln population  Tariff Free Access to CIS: Market of 250 Million Consumers  Access to Middle East Market

Investment Incentives  Well Located for Access to CIS and Middle East Markets  Cost Effective and Qualified Work Force  Tax Incentives for Investors  Free Repatriation of Profit  No Limitations on Wire Transfers  Favorable Investment Legislation  Liberal Trade Policy  No Restrictions on Foreign Investor Ownership  Armenia is a Member of WTO

INFORMATION TECHNOLOGIES Total Number of operating companies - 150

 World-class scientific potential  Highly qualified specialists  Strong university programs  Government support  Extensive experience with large multinational companies  Strong diaspora in Europe and North America COMPETITIVE ADVANTAGES

IT SECTOR REVENUES Average annual revenue 84 million USD USA & Canada – 55% Russia & CIS – 23% Europe – 15%

 Internet Applications, Web Development and Graphics  Consulting, Customized Software and Outsourcing  Management Information Systems, DBMS and Financial Software  Chip Design and Testing IT SPECIALIZATIONS

ALTERNATIVE ENERGY – FUEL CELLS  Alternative solution to receding oil supplies and increased global warming.  Use oxygen and hydrogen to give electrons, heat and water.  Green motoring technology of the future  Honda aims to offer fuel-cell cars by 2008 Honda aims to offer fuel-cell cars by 2008  GM by 2010

FUEL CELLS – ARMENIA  Research and development of fuel cells and related technologies since  Available commercialized products.  Exporting fuel cell products worldwide.  Every day the scientists are challenged to solve new problems, expanding their knowledge and capabilities.

OTHER FAST GROWING SECTORS  JEWELRY & DIAMONDS  AGRICULTURE  PRECISION ENGINEERING  ELECTRONICS  CONSTRUCTION  TOURISM

GLOBAL COMPACT ARMENIA 14 P.Adamyan Str, Yerevan, 0010 Armenia. Tel: Fax: WE’LL BROKER YOUR DEAL