Select language:

IT Kingdom in Russia that few people know

 / Главная / Russkiy Mir Foundation / Publications / IT Kingdom in Russia that few people know

IT Kingdom in Russia that few people know


Editor’s office of the Russkiy Mir Portal

Photo credit:

According to a recent study by the Oxford Internet Institute of Oxford University, 750,000 Russian companies sold software to the UK alone in 2018. According to a recent report by the Center for Economic and Business Research, one of the UK's leading economics consultancies, Russia's economic performance has been evaluated as better than the Western one by many indicators. Having reviewed the report, a Japanese expert wrote that the “IT Kingdom" had been formed in Russia.

On December 26, another report by the Center for Economic and Business Research (CEBR) was released. Every year, on December 26, CEBR publishes the so-called World Economic League Table as the go-to measure of the comparative economic development of all countries.

Yusuke Otsubo, a Japanese expert, reviewed the released 240-page report with economic forecasts for 193 countries until 2035. Most of all, the report surprised him with positive outlooks regarding Russia, which is rather uncommon for the Western and even more so for the British expert community.

Yusuke Otsubo has been researching the Russian economy for many years, and it was interesting for him to see how one of the world's leading analysis centers rates the future of the Russian economy. Its evaluation has turned out to be very positive. According to CEBR, Russia is 11th among the world economies in 2021forecasts. And from 2030, our country is projected to take the sound 10th place in the world economic ranking table. It is interesting to note that such leading countries as Italy, Canada, and South Korea are expected to lose their positions and top lines in the ranking. However, Brazil will rise to 9th place in the table, and Indonesia will reach the 8th.

The author makes no secret of being surprised: “The WELT table comes with the CEBR analysis for each country. Looking through the page about Russia, you unexpectedly find judgments that are at least neutral, if not positive. And this is despite the fact that the Center is a British think tank.

  • The Center estimates GDP per capita at US$ 9,972 (at purchasing power parity), which corresponds to medium and high-income countries. This indicator in Russia is only slightly less than the same indicator in Malaysia and China.

  • GDP growth in 2020 is projected at minus 5% (Please note: Russian government’s projection is minus 3.8%).

  • The budget deficit is rather small - 13.7% of GDP only. This is a great indicator. In normal times (before the coronavirus pandemic), Russia had a budget surplus, thanks to the export of resources and power.

  • Russia is the second country in the world by oil production. Fossil energy resources account for 61.6% of exports, so the forecast that implies persistent low prices for crude oil impacts the Russian economy in a negative way.”

Nevertheless, there are some other figures indicated in the report that surprised the Japanese expert even more. He emphasized that the Western world had long been accustomed to perceiving Russia as a "gas station” country that was just lucky to have rich natural resources. But the CEBR report gives the following data: according to a recent study by the Oxford Internet Institute of Oxford University, in 2018 750,000 Russian companies and small startups sold software to the UK alone. However, it seems that these figures have not been reflected in the Russian GDP indicators yet.

And although according to the author, recently Russia has been more and more actively involved in outsourcing software development, he is not shy of being surprised: “And yet, 750,000 IT companies and startups in Russia is something incredible."


New publications

Business and philanthropy walked in parallel in pre-revolutionary Russia. Big entrepreneurs were often also big philanthropists. They built hospitals, theaters, orphanages, and almshouses. Today the Museum of Entrepreneurs, Patrons, and Philanthropists in Moscow supports and promotes their legacy. Nadezhda Smirnova, museum director, told the Russkiy Mir about the high standard set by the philanthropists of pre-revolutionary Russia.
Few people are aware that Yoko Ono, John Lennon's wife who has spent most of her life in the United States, was brought up under the influence of her Russian aunt, Anna Bubnova. For over half a century, the estate where she grew up has been home to the museum of Alexander Pushkin. The poet had visited the Tver village of Bernovo more than once.
Author, linguist, philosopher and activist Noam Chomsky has been known for his left-wing views, and criticism of aggressive U.S. foreign policy from the days of the Vietnam War. Today, he is indignant at the absolute absence of freedom and the actual prohibition to show any other viewpoint on Russian policy and the causes of the Ukrainian crisis in the U.S. media.
Saratov-born Alexey Shishkov, a dental technician from Torrevieja, Spain, could drive to work in a different Zhiguli every day of the week if he wanted to. On Monday, he could choose his beige VAZ-2101 or "Kopeyka" and end the weekend in a red VAZ-2105 or Lada. His collection includes all Zhiguli models, as well as Niva and UAZ; the entire car fleet was purchased from Spanish owners.
Siddhartha Sarkar is a surgeon from Kolkata. He spent eight years studying in Tver and St. Petersburg, where he received his medical degree. Today he owns a Telegram channel in Russian where he posts videos dedicated to support for Russia and the beauty of Russian nature.
Admiral Pavel Nakhimov's name was lettered in the history of the Russian Navy with gold, and with his own blood into Sevastopol's history. Russian admiral has became the symbol of Sevastopol-city heroic defense during the Crimean War of 1853-1856. It was under his leadership that the city managed to stand for almost a year, and the persistent resistance of Sevastopol defenders did not allow the enemy to advance further into Russia.
The rise of racism and Nazism in Europe presents a challenge to the world as a new global human rights system needs to be built. Dragana Trifkovic, political scientist, director of the Belgrade Center for Geostrategic Studies, and OSCE observer from Serbia, spoke about the first steps in this direction and where the human rights movement was heading in an interview with Russkiy Mir.