Country Partner Armenia


IT Sector in Armenia

Within the last 10 years, Information Technology became one of the most successful and fastest growing industries in Armenia, which makes the small Caucasus country one of the leading IT nations in the Middle East.

Armenia's technology sector has a long tradition, and after the country’s independence in 1991, the focus shifted from major manufacturing operations to the software and services segment. U.S. American corporations like Synopsis Inc. and LEDA Systems Inc. showed interest in Armenia very early, but also European firms like Lycos Europe have been present for more than a decade.

Today, the capital city Yerevan is a symbol for Armenia’s dynamic IT sector, with its high density of IT professionals and good infrastructure for business operations; the majority of local and foreign enterprises has settled here. Domestic companies not only take advantage of their position as an outsourcing location for software development, but also focus on producing and marketing their own software products and services.

The Armenian IT sphere’s main specializations include custom software development, chip design and testing, internet services, networking systems and communications, internet applications, e-commerce, financial software, IT consulting, and others. The Armenian IT sector offers a multitude of competent and innovative technology partners for German enterprises.

Outsourcing Destination Guide Armenia, 66 pages, 27 MB (web PDF)

Country Partner Organisation

The German Business Association (Deutsche Wirtschaftsvereinigung, DWV) was founded in 2007 as a member organisation for companies actively involved in German-Georgian and German-Armenian economic relations. Maintaining an independent branch in Armenia since 2016, DWV Armenia’s main aim is to enhance trade and economic relations between the Federal Republic of Germany and the Republic of Armenia, as well as to represent German business interests locally. Germany is Armenia’s third most important import partners and its sixth biggest partner for exports. Approximately 700 German companies are present on the Armenian market, mostly represented by their Armenian partner firms.


DWV is a non-commercial registered association representing various German businesses and currently counts 48 members in Armenia. It is also a member of the European Business Association in Armenia. Our Board is composed of ATL Transport, VOLO Global and Arsana CJSC., as well as the German Embassy in Yerevan as a consulting board member. DWV is part of the German Chamber of Commerce and Industry network (DIHK), official representative of Messe Frankfurt (www.messefrankfurt.com) and Senior Expert Service (www.ses-bonn.de) in Armenia.

DWV Services

DWV is a service provider and supports both German and Armenian businesses in Armenia with various services, which include:

  • Introducing new business partners
  • Arrangement of delegate tours
  • Market analyses and research
  • Promotional and networking activities
  • Consulting (trade fairs, logistics, export)
  • Legal and tax advice, tariff information
  • Publications, periodic economy newsletters


ITO&BPO Germany Forum

12.04.2018 / 13:30 h


Dietmar Carl Stiel
Managing Director
German Business Association (DWV) Armenia

Phone: +374 77 660351
Mobil: +374 44 687680
Email: dietmar.stiel@dwv.am
Web: www.dwv.am

Speaker and Contact

Dietmar Carl Stiel, Managing Director

Dietmar Carl Stiel is Managing Director at German Business Association (DWV) Armenia, a member organisation for companies actively involved in German-Armenian economic relations. The organization promotes trade and economic relations between the Federal Republic of Germany and the Republic of Armenia, and represents German business interests in the Caucasus region.

Dietmar specialises in business and export promotion to international organizations, institutions, and trade fair companies, as well as consulting in digital, network and sharing economy.