Russian IT Market to Grow, Officials Say.

Russia's IT market is projected to triple to $39bn by 2010, Deputy IT and Communications Minister Dmitry Milovantsev told the first Russian forum for innovators, noting that the country's IT market presently amounted to $13.3bn. Milovantsev also pointed out recent successful IPOs by Russian IT companies. Advanced technology companies have become the key drivers of the development of the Russian market, the official said.

Meanwhile, investment in the country's information and communication technology (ICT) is estimated at $250m in 2007.