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December 22, 2006

IT Boom In Russia

Exports of Russian programming products increased by 80 percent, from $1-billion worth last year to $1.8 billion in 2006. Analysts now predict that Russia will be one of the top three countries for IT outsourcing by 2010. Kommersant.com reports:

“Russia now controls 3 percent of the market for offshore programming,” said Viktor Vainshtein, head of the Aplana company. “By 2010, our country might confidently claim 10 percent and, if things go right, 15 percent. That will be possible in large part thanks to active state support.”

Read more: Russia's IT Boom

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