Russian President instructed to develop support measures for IT companies

Russian President Vladimir Putin instructed the government to work out measures and regional support to telecoms and IT, including tax incentives.

This decision was made as a result of the development of the communications industry and IT meeting with the participation of business representatives. The President instructed to prepare a comprehensive plan to support the IT industry and include in the national plan for the rehabilitation of the economy the following measures:

  • to prepare decisions on complex tax maneuver that would stimulate the development of IT;
  • stimulate the development of advanced technologies in this field. To accelerate the finalization and adoption of the law on experimental legal regimes;
  • intensify work on the preparation and approval of the federal project to develop artificial intelligence to support this technology.
  • to study the issue of data centers preferential access to electricity, to reduce costs and to reduce the cost of services for users.

"The meaning of this set of actions should be to truly globally competitive environment for IT professionals have been created in Russia, so that they realize their creative and entrepreneurial potential is here, at home, in the country have," - said Putin.

At the meeting, market participants argued that without state support, many IT companies may go bankrupt, and intelligent professionals to go abroad. In particular, the president of the association "Russoft" Valentin Makarov said that due to the pandemic coronavirus from mid-April revenues of software development companies (PO) fell by 39% compared to last year. In this case, the cost of software development consists of 80% of salary.

Note that in early May, the Ministry of Communications sent to the Government Office and the Ministry of Economic Development of the Russian Federation a letter warning that in the second quarter of this year, the Russian information technology industry can become unprofitable.

According to calculations departments, at the end of 2020, the profits of IT companies will be reduced by 30 billion rubles, and will amount to 93 billion rubles. The average number of IT professionals will decline in the second half of 2020 to 27 000 and will return to pre-crisis levels only by 2024.

Source: РБК
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