March 24, 2019

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Russian tech market expands 16.6% in 2018

Research house GfK’s most recent TEMAX analysis of the ICT, telecoms and consumer electronics market in Russia indicates that the total market value hit US$8.2 billion in the fourth quarter of 2018 – up 16.3% year-on-year. The positive market development continued as consumers found attractive offers in retail and accelerated purchase decisions ahead of VAT changes planned for 2019. Total sales in Russia for calendar 2018 hit US$25.8 billion – up 16.6% year-on-year Read full story

by Stuart Wilson, Wednesday 13 March 2019

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