Russian ICT Day in Budapest

HEPA Hungarian Export Promotion Agency together with Consyst Business Group and its European subsidiary LC Europe Kft. held the Russian ICT Day in Budapest on 28 November 2018. The conference gathered tens experts from IT companies of Hungary and other countries.


Consyst Business Group made a presentation about the current ITC trends, the industry experience of the Group and the development of ITC in Russia.

The modern IT market for the recent years has passed through significant structural changes, including changes in clients’ behavior, market share of global vendors, market consolidation, and stronger government influence. In addition, the development of the new breakthrough information technologies and creation of the new centers of IT competencies can be highlighted.    

Much attention is also paid to cybersecurity and data protection. An additional influence is provided by the trends of import substitution and the state program for the development of the digital economy.

Consyst Business Group represented by LC Europe has been successfully working on the European market for more than 5 years and providing its competencies and expertise. Guests of the Russian ICT Day learned about possible variants of business relationships, starting with crating of joint resource centers for IT projects implementations and ending with cooperating promotion of modern IT solutions in Russia.       

Konstantin Kolotov, commercial director of Consyst Business Group:
“Today’s Russian IT market can be characterized as highly turbulent, and in such circumstances IT companies find new approaches and strategies for further growth and efficiency increase. One of today’s key strategies, which helps to provide clients with the best competences, integrated solutions and innovative IT products, is an industry cooperation. It is important to build a dialog and relationships between leading companies and developers to find synergy in combining resources and technologies.”
Evgeny Ogurechnikov, head of LC Europe Kft.:
“For the past 6 years of working on the European market LC Europe Kft. accumulated a great experience in implementing projects in different countries, attracting local contractors. We can see huge potential in scaling our experience for the new markets with participation of Hungarian partners.”
Karoly Poor, head of ICT HEPA department:
“For the recent years the Hungarian ICT market has greatly expanded. Many large transnational companies placed their headquarters in Hungary, created multifunctional Shared Service Centers (SSC). IT education is highly quality, and with the help of a dual training program specialists gain high level of practical knowledge. Hungarian IT business focuses on the international markets with its new challenges, and it demands huge professionalism. More and more Hungarian ICT companies are able to sell internationally right after their setup. This might be a positive result of innovation ideas and significant funding of Hungarian startups.”