... equity mechanisms. Overall, the influx of "long money" from institutions and corporations enhances the resilience of the cryptocurrency market and gradually reduces the influence of short-term speculation, creating a more mature and stable environment. Forecasts and Risks Currently, the overall sentiment in the cryptocurrency market remains largely optimistic. However, experts urge investors to adopt a balanced approach. A number of analysts are making bold predictions for further growth ...

... according to a "catch-up growth" model: adopting the best global practices, local players are focusing on niches where they traditionally excel (mathematics and AI, cybersecurity, instrumentation). The global venture boom creates a favorable environment for promising projects from Russia and neighboring countries to make their mark. The main recipe for success for such teams in 2025 is to enhance innovation, build clear business models, and be prepared to operate in international markets....

... horizon: the Indian online retailer Meesho and several Israeli companies are eyeing the stock market. Analysts note that the opening of this "window of opportunity" may last if the success of the initial offerings continues and the macroeconomic environment remains stable. M&A Activity: Record Acquisitions for Technology Alongside the IPO resurgence, the mergers and acquisitions market in the tech sector is gaining traction. Large corporations, investment holdings, and funds are ready to pay ...

... foreign investors: they are once again allowed to acquire shares in Russian companies and freely withdraw capital from the country. This step is aimed at reviving international investments in the economy and the venture sector, despite the geopolitical environment. It is noteworthy that emigrants from CIS countries are already achieving global success, integrating into the international tech industry. For instance, the AI startup Perplexity, founded by a Belarusian entrepreneur and based in the USA,...

... moderate levels. However, Gazprom's direct exposure to the European spot market diminished due to the decline in physical export volumes to Europe. Geopolitical factors and gas exports also set the tone for operational results. Sanctions and the political environment after 2022 led to conventional sales markets (Europe) being effectively closed: gas exports to the EU via pipelines fell to historical lows. For example, transit through Ukraine, which had been contracted until the end of 2024, virtually ceased ...