... India, new unicorns are emerging, while Africa and Latin America are also attracting significant investments. Such geographical expansion of venture capital heightens competition for promising startups worldwide. Russia and the CIS: Local Focus Amid Global ... ... neighboring countries, steps are being taken to develop their own startup ecosystems with an eye on global trends. The state and businesses are launching new funds and support programs to stimulate technological projects in the region. At the St. Petersburg ...

... fast service. Prospects for Fintech in Russia The Russian fintech sector continues to develop rapidly, attracting investment and government support. Developments in fintech improve the availability of financial services for the population, help small businesses, and make financial transactions convenient and safe. With the expansion of opportunities for users, fintech is becoming an important part of everyday life. Many experts believe that the future of the Russian economy is inextricably linked with success in fintech. In the coming years, we expect further development ...

..., inflationary risks prescribe caution in investment strategies. Services Sector The services sector displayed only moderate expansion in April. The PMI index held steady at 50.1, indicating very weak growth in the sector. Companies reported virtually ... ... orders due to limited demand and reduced purchasing power among consumers. The slowdown in household spending growth and a soft business cycle hinder the development of the services sector. Industrial Sector The industrial sector remained stagnant once more,...

... consumer activity will support the expansion of retail trade and the service sector. Stronger consumer demand will also support GDP expansion, making the domestic market a key engine of growth – especially amid restrictions in external trade. Productivity,... ... other words, wage growth in Russia is outpacing productivity by nearly a factor of two. This gap poses risks for inflation and business performance: if companies have to pay employees significantly more without commensurate output gains, their costs rise ...

... rounds worth tens and hundreds of millions of dollars, while successful companies are announcing plans for IPOs. The geographical expansion of venture capital intensifies competition for the best projects: today, funds and investors are tracking promising ... ... groundwork for future growth is gradually being laid. Investors are shifting their attention towards more mature projects with proven business models, while the government is expanding support through the development of IT education, accelerators, and special ...