The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

IT explosion helps to fuel boom times


The Russian stock market came of age when RosBusinessConsulting (RBC) floated a 16% stake on the Russian Trading System to raise investment capital. The amount of money involved was tiny and the company is small by international standards but the IPO in April was a landmark in Russia's development towards a market-based economy.

RBC is Russia's leading online media and IT company. It provides real-time online stock market quotes for banks and brokerages as well as running the only dedicated Russian-language financial newswire service. Having built up expertise in programming it has more recently moved into IT solutions for companies and is planning to launch Russia's first dedicated business television channel in the style of Bloomberg TV.

The company's success comes on the back of Russia's economic recovery. Its revenues have doubled and profits have risen by a third every year since it was founded in the early 1990s.

"It is still early days for Russia's IT sector," says Yury Rovensky, RBC's general director. "But it has already begun. We have left square one and are now looking to develop businesses that already exist and start new ones that are missing."

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree