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.
The CEE-SECR 2015 has opened paper submission for the 11th time. The event will take place on October, 22-23 in Moscow, Russia.
The conference program will be composed of research presentations, experience reports, panel discussions, workshops, and express-presentations with discussions. Program targets both experienced specialists and those who seek to expand their knowledge to the new areas which might be adjacent to their core specialization.
Banks have always been one of the main buyers of IT solutions. And despite the current economic situation, they are hardly able to fully reduce their costs for technologies. There are at least two reasons for that: there is no sense to stop what has already been started and the previous crisis, which has already shown that those who did not save on technology then — quickly moved forward after.
Developers of IT solutions for banking and system integrators talked to Bankir.ru about what is happening in the industry now and what can be expected in the future.
Yesterday Carol Matlack, Michael A Riley and Jordan Robertson from BloombergBusiness published controversial article, accusing Kaspersky Lab of working in the interest of Russia’s secret services, namely FSB (FSS, Federal Security Service, former known as KGB), based on anonymous former employees.
The Russian IT market is currently facing potential damage from U.S. and EU sanctions, and the problems of enforced import substitution. As Russia’s foremost IT leaders gathered to celebrate the 15th anniversary of the industry’s lobbying group — Russoft — they took the opportunity to assess what influence political activity is having on the country’s IT market and how best to prepare for what may arrive in the very near future.
The Russian city of Ulyanovsk is located along the Volga River, 893 kilometers east of Moscow. With a population of nearly 700,000, the city is a major industrial center as well as the birthplace of Vladimir Lenin. In addition to a UAZ automobile factory and the Aviastar aircraft company, it is also home to international businesses such as Mars, Inc., Takata-Petri and Anadolu Efes.
A group of thought leaders from the Russian IT industry gathered at the St. Petersburg International Economic Forum 2014 on the morning of May 24 to discuss the convergence of information technologies with pharma, biotech, nano and other leading sectors of the New Economy. They also addressed the impact that U.S. and EU sanctions were having on the industry.
Dentons has rated what it considers to be the most important changes to Russian legislation affecting IP, IT and Mass Communications in 2013. Among the law firm’s most important changes are provisions for the protection of IP as regards video piracy…