Friday, May 23, 2008

Russian Technical Power

At present in Russia and other CEE countries the growth of IT is quite impressive. According to some estimates the volume of Russian IT market in 2007 was between 11,9 and 17,6 billion dollars (source: CNews). And there are still opportunities for further growth as together with the government support Russia has a chance to become Global leader in the sphere of innovative hi-tech. That was forecast at the forum devoted to the Technological cooperation between USA and rapidly growing markets of BRIC (Brazil, Russia, India, and China) – "Russia, India and China – Our Partners in the New Global Economy" which took place in Boston.

Implementation of the government program of Technoparks development, the “Innovative Code of Laws" which is aimed at stimulating innovations, as well as creation of laws on copyright protection are some of the initiatives of the Russian legislative and executive branches which were highlighted at the forum. Besides, during the meetings with the representatives of the Massachusetts business community the start of Russian-American cooperation upon creating a new Technology University in Russia was discussed.

If at least 30% of the planned initiatives were implemented, Russia would have undisputable chances to become a global technology leader.

Source: Outsourcing-Russia

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