Since early last year, Russia's economy has been hit by Western sanctions and slumping oil prices. The economy has contracted and the national currency, the ruble, has undergone a sharp devaluation. However, after many difficult months, there might finally be some light at the end of the tunnel.
Antonio Linares, general director of Roca Group in Russia and the CIS, spoke to The Moscow Times about the importance of understanding realities, making the right decisions, falling in love with Russia and collaboration with the Bolshoi Theater.
It is unlikely that the Russian segment of the Internet, often referred to as the Runet, will escape the ongoing economic crisis and its market growth may halve in 2015, experts say. Officials, however, point to initiatives of companies in fighting difficulties and the high potential of the industry, which is expected to recover by 2018.
Raymond Fadel is AECOM regional director for Russia and has worked with developers and architects for over 25 years. We talked to him about AECOM's recent projects and the construction market in general.
A crisis time is always a good moment to start a business, especially if you are a big company, believes Olga Bantsekina, the chief representative for Coleman Services UK and first deputy chair of the board of the Association of European Businesses. She talks about the HR-services most in demand at the moment and investors' mistakes in doing business in Russia.
The Internet search engine market in Russia is turning into a battle between domestic giant Yandex and American behemoth Google. When one attacks, the other steps back momentarily and then resumes the game, loudly crying "en garde."
MTS has signed a partnership agreement with Redmond, the producer of household appliances, aimed at developing and promoting services in the field of the "Internet of things" (IoT) to consumers. This unique strategic initiative reinforces the status of MTS as a leading innovator among telecommunications companies.