Index of articles, September 15, 2004

Russia’s Exports of Software to Equal Oil Exports in 10 Years - Minister

In 2005 Russia’s software exports may amount to $1 billion, said the country’s Telecommunications Minister Leonid Reiman, quoted by Interfax on Wednesday, September 15.

Reiman was speaking at the Third Baikal Economic Forum in the Siberian city of Irkutsk and pointed out that in 2003 the volume of Russia’s software exports was half as small, amounting to $500 million.

Reiman went on to make an even more interesting prediction. The minister said: “In the next 10 years the output of the Russian software industry may equal the volumes of oil production [in a financial equivalent].” He also forecasted that in 2006 the volume of software exports will grow to $2 billion.

Currently the majority of Russian software is exported as the product of outsourcing. More and more Western majors, such as Motorola, Nokia, Boeing, Intel and Dell open up their open their software development centers in Russia and hire Russian specialists in order to lower their expenses by 40 to 60 percent. The best-known Russian software development company that doesn’t act as an outsource outlet is Kaspersky Lab which offers “protection from viruses, hackers and spam”.

 Previous article
Back to the index of articles Next article 

Read comments on this article posted by Intelligence-Soft web site visitors:

No visitor's comments on this article are posted so far.
Use the form below to become the first who posted his/her opinion here.

Post your own comments on this article:

Share your thoughts about the article above with other visitors of Intelligence-Soft web site but please respect them and follow our Rules of posting visitor's comments.

Nickname:      Real name:*
Country/City:      E-mail:*
*Your real name and e-mail address will not be shown to other visitors. We ask you to provide your name and e-mail in order to identify the author of the posting for your possible future requests, for example, if you decide to change or remove your comment one day. Read our Privacy statement to learn how we handle your personal data.

 Previous article
Back to the index of articles Next article 

Project Management  ||  Software Department  ||  Mobile application development  ||  Business Model
News  ||  Offshore Development  ||  Articles  ||  Testimonials  ||  Contacts  ||  Post Your Project
Site map  ||  Privacy statement

Valid HTML 4.01!     Valid CSS!