... year (albeit still a fraction of the global market). Local investors are focusing on projects in artificial intelligence, import substitution, cybersecurity, and B2B services. A new wave of tech entrepreneurs is gradually forming, capable of developing businesses in challenging conditions. The regional venture ecosystem is striving to take advantage of the global upswing to lay the groundwork for future growth, even if this requires more time and local support. Conclusions: Cautious Optimism and a Focus on Quality Growth By the end of summer 2025, sentiment in the venture industry remains cautiously optimistic. Successful IPOs and large rounds demonstrate ...

... funds. These measures aim to revitalize international investments and integrate the local venture market more closely into global processes. Although the scale of the venture market in the region remains relatively modest, the foundation for future growth is being gradually laid. Investors are shifting their attention to more mature projects with well-thought-out business models, while the state is expanding support through the development of IT education, accelerators, and special tax regimes. Local startups are striving to position themselves in global value chains, leveraging their strengths in advanced tech ...

... Con artists seek to attract as much money as possible before disappearing with it. Experienced investors prefer to invest in shares of companies that adeptly manage their finances. In these cases, profits are sufficient to pay shareholders, facilitate growth, and update the business. Conversely, if a firm distributes all its profits to investors for several years without reinvesting in production, this raises a red flag regarding poor management. Such a company is destined for bankruptcy. Volatility of Financial Metrics....

... increased by 11–12% nationwide. This annual increase, mandated by the government, is intended to help energy companies offset inflationary costs and invest in maintaining infrastructure. However, the increase in payments inevitably raises the burden on businesses and households. In response, authorities have announced support measures: targeted subsidies will be introduced for low-income populations to mitigate the effects of tariff increases. Regulators have also emphasized that the rate of tariff growth will decrease in the coming years (for instance, around +9% in July 2026). For investors in the electricity sector, tariff increases indicate potential revenue growth for power supply and generation companies, although the government carefully ...

... Russian exports negatively. 3. Russian PMI Indices (09:00 MSK): These indices reflect conditions within Russia's services sector—growth above 50 indicates expansion supporting investment climate while declines below suggest contraction potentially weakening ... ... sentiment driven by extensive economic data releases alongside corporate events—key indicators being global PMIs reflecting business activity trends across China, Eurozone, Russia among others. EIA oil inventory figures are poised to influence crude ...