Banking sector of Armenia legalized its Microsoft software fully

YEREVAN, March 29. /ARKA/. Banking sector of Armenia legalized its Microsoft software fully, said the expert of international organization BSA (Business software alliance), representative of the company Microsoft on the rights and legal interests Narine Mkrtchyan in the press-conference in international press-center “Novosti” on Tuesday.

It is the result of regular work and introduction of all advantages of using licensed software. Pirate product does not provide necessary level of work productivity and security which is especially important for such organizations.

Similar activities on the introduction of licensed software are conducted also with Armenian insurance and credit organizations.

“We target at the private sector using softer approaches for non-commercial organizations but the Government of Armenia should also be more conscientious as today government structures are the main consumers of pirate products”, said Mkrtchyan.

At present only the Justice Ministry and the Ministry of Education and Science use legal software which got licensed programs of Microsoft in the frames of different programs.

Now business representatives of are more conscientious in buying licensed product. 70 of 100 representatives of private sector try to get licensed software.

“By signing of agreement with corporation Microsoft in 2007 the government assumed certain responsibilities, including the introduction of licensed software whichare not applied”, said Mkrtchyan.

The cost of licensed software of corporatioin Microsoft starts from 24 thousand drams for Windows Starter in Armenia.

Corporation Microsoft cooperates with Armenia in the frames of the agreement signed on January 30, 2007 in Edinburgh (Scotland). According to the agreement, Microsoft is implementing a number of investment, educational and innovation programs in Armenia, including the opening of Innovation Center of Microsoft.. –0–

spot_img

POPULAR

Central Bank of Armenia responded to criticism regarding the Law “On Cryptoassets” and announced meetings with crypto market participants

Martin Galstyan, Governor of the Central Bank of Armenia, commented on the criticism voiced by crypto market participants regarding the Law "On Cryptoassets."

“Kamurj” UCO CJSC bonds worth 1 billion drams listed on AMX

"Kamurj" UCO CJSC bonds have been listed on the Armenia Securities Exchange (AMX), the exchange's press service reported.

In January, commercial bank deposits in Armenia decreased by 0.3%, while lending expanded by 1.1% – WB

In January 2026, commercial bank deposits in Armenia decreased by 0.3% (MoM), while loans grew by 1.1% (MoM), according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Accelerating inflation in Armenia in January and February driven by food price dynamics – EDB review

In January and February 2026, inflation in Armenia amounted to 3.8% y/y and 4.3% y/y, respectively, according to the EDB's March review.

Armbanks Weekly Digest: Key Events in Armenian Financial Market (March 9–14) 

The past week in the Armenian financial market was marked by discussions of capital market development prospects at a specialized international conference, regulatory initiatives from the Central Bank, and changes to the insurance system.

LATEST NEWS

spot_imgspot_imgspot_img