Republic of Armenia executive bodies, including Ministry of Finance, regularly conduct country situational analyses and forecasting. Specialists from different sectors collect macroeconomic indicator data required for each specific case using possible sources, and spend considerable time identifying the final sources of revised data, data collection, verification of accuracy of information, and other similar repeated actions. This process is both time and work consuming and so gave rise to the idea of establishing an electronic database and on-line statistical portal for general use. The project was to automate completely data collection, analysis and publication. The tasks included:

• Development of technical standards for the system and data exchange formats
• Development of software architecture, platforms, etc.
• Development of hardware requirements and specifications for system operation

The Assignment resulted in the establishment of an on-line system for periodic publication of statistics of the main economic indicators for Armenia. This system contains flexible solutions and tools with standard interfaces to allow future connection, upon availability, of new databases and systems. The legal framework for the system functioning was also developed in the form of Government decrees and normative acts, regulating the format and obligation of relevant parties to provide statistical information.