Russian President Vladimir Putin wants the country to abandon software solutions built outside its borders in favor of alternatives developed by local companies, but Kremlin spokesman Dmitry Peskov says the transition is not possible at the moment.
The Russian government wants to replace Microsoft software with Russian software in its offices. The municipality of Moscow is the first place where Microsoft software is replaced, an anonymous American intelligence official told NBC News.
Russian-made software supplies to state bodies may double in 2016 following the requirement to give priority to the software included in the national register in connection with governmental purchases, Communications and Mass Media Minister Nikola
Russian companies are increasingly buying homegrown software to avoid international sanctions, posing a challenge to the likes of Microsoft Corp. and Oracle Corp. in the country’s $3 billion local market.
Despite the economic crisis, two-thirds of Russian companies aren’t cutting jobs and prefer to survive the crisis by shortening work hours or cutting workers’ salaries, a study by global management consultancy Hay Group found.
“A lot of companies have refused to take radical measures, as in some sectors the situation has stabilized,” said Irina Chernozubova, the head of Hay Group’s research department for Russia.
Speaking at an investment panel at the Milken Global Conference in Los Angeles earlier this week, Bonderman, a founding partner of the private equity firm TPG Capital, noted that with the country starved of investment capital, there are now many o
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.