Over the past five years, Russian software exports have more than doubled, reaching about $7 billion. At the same time, demand for IT companies’ products on the domestic market has been falling. Analysts attribute it to a transformation of the Russian market, with demand shifting from hardware to services.
The boom is over
“Here we must run as fast as we can, just to stay in place. And if you wish to go anywhere, you must run twice as fast as that.” This quote from Lewis Carroll’s “Alice in Wonderland” has become a motto for many Russian IT companies these days.
US companies remain interested in doing business with Russia, head of the Economic Section of the Russian Embassy to the United States Mikhail Kalugin told Sputnik.
The diplomat explained that the United States realized that the potential of the Eurasian Economic Union had just started to gain weight. “Every company that operated in the Russian market repeatedly told us that they are interested in staying and continuing to do business [in Russia],” Kalugin said Monday on the sidelines of the second annual “Doing Business With Eurasian Economic Union” Conference in Washington.
Our technical team at Our Russia was afforded a unique opportunity tour Skolkovo last week. We also discussed with key executives of Russia’s version of “Silicon Valley” the uniquely ambitious plans that differentiate Russia’s science city from all previous endeavors.
According to the amendments to the federal law on personal data, which will enter into force on September 01, 2015, personal data operators will be required to keep personal data of Russian citizens in Russia. These amendments have given rise to many practical issues directly affecting IT companies, as well as their clients using cloud technology for data storage.
Since 2010 Andrey Ivanov is the member of executive team in JetBrains company, the world leader in professional software development tools. He is one of the founders of the Academy of Modern Software Engineering, where during two years of the free study students can can get additional relevant knowledge demanded by the programming market. Andrey realizes the importance of preparing the young professionals for the rapidly growing IT market, and actively develops relations with relevant higher education institutions in St. Petersburg and the regions.