The Russian IT industry is a frustrating business. It has the technical resources - above all, an abundance of talented and highly qualified specialists. But what could be a fast-growing and profitable sector - if properly fed with investment.
Russia's chance of emerging as a major IT nation will primarily depend on its ability to attract venture capital and develop sufficient business culture, according to a report on Russian technology prepared by Brunswick UBS Warburg.
Ten years ago, most Russian programmers were anxious to emigrate abroad for better pay and living standards. But now many more Russian programmers are interested in remaining in Russia to work and live.