Russian Programming Students Win Another ACM Contest

Posted by Dmitry Pavlotsky on April 14, 2008

St.Petersburg State University of Information Technologies, Mechanics and Optics emerged as the home of the top computer geniuses in the “Battle of the Brains,” also known as the Association for Computing Machinery’s International Collegiate Programming Contest.

From 6,700 teams representing 1,821 universities in 83 countries competing at 213 sites from September to December 2007 worldwide, one hundred teams managed to advance to the World Finals. Students from the world's finest universities, offering the best education in the computing sciences and engineering competed for the awards, prizes, scholarships as well as the prestigious title of the World Champion.

In the contest, each team is given 11 computer programming problems, and only five hours in which to write software to solve them. Students from St. Petersburg State University of Information Technologies, Mechanics and Optics solved eight of the 11 problems and became the World Champion of 2008 ACM Competition.

The top 10 institutions of ACM Winners this year included Russian universities from Izhevsk, Moscow, Petrozavodsk and St.Petersburg (Izhevsk State Technical University, Moscow State University, Petrozavodsk State University, St. Petersburg State University), thus proving once again that Russia still scores the highest in the art of software programming. Reksoft is proud to sponsor the Russian team and warmly congratulates the winners!

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Standard & Poor’s Upgrades Russia’s Rating

Posted by Dmitry Pavlotsky on March 21, 2008

In March the international rating agency Standard & Poor's revised Russia's rating outlook to Positive (A-) due to the continuous growth. The upgrade reflects the agency's expectations of the future progress of Russia, forecasted for the budget and external reserves of the country, which have recently revealed rapid growth.

Russia's GDP grew by 8,1% in 2007 according to the estimates from the Ministry of Economic Development and Trade. Last year has also seen the surge in investments which soared by 21% in comparison to 2006. The increase in capital flows and the growing purchasing power are among other distinctive trends in the Russian economy.

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Russian IT Market Growth Places Russia on Top in London Business School ICT Rating

Posted by Svetlana Vronskaya on February 18, 2008

Thanks to the growing penetration of information technologies in the country, Russia scores highest in the Connectivity Scorecard 2008, developed by London Business School and LEGG consulting firm.

The Connectivity Scorecard is a pioneering global information and communications technology index that measures the extent to which governments, businesses and consumers make use of connectivity technologies to enhance social and economic prosperity. Unlike other research available, the Connectivity Scorecard measures usage and skills such as literacy, the use of enterprise software and the accessibility of women to ICT. It also articulates the benefits of connectivity explicitly in terms of economic and social contributions taking into account varying needs in different countries.

Russia placed first among the nine nations that are classified in the study as resource or efficiency driven economies. The country's high literacy rate, along with solid scores on several measures of usage and infrastructure, especially mobile usage, resulted in a rating of 6.11.

…Russia scores well in literacy, gender equality in Internet access, and also in usage of technologies such as mobile by business users. The Scorecard captures the fact that Russia has a relatively strong human capital endowment that may serve it well in making the transition to being an Innovation driven economy.
From "Report: The Connectivity Scorecard" by Professor Leonard Waverman, London Business School Kalyan Dasgupta, LECG, Justin Tonkin, LECG

Russia's IT market has enjoyed the annual growth rate of about 20% for the past few years and the Ministry of IT and Communications estimated the market volume to reach 17 bln USD in 2007.

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