What does the Russian consulting market look like following the results of 2017? Michael Bogdanov, Chairman of the Board of CONSORT Group, became one of the experts for the famous English annual SOURCE Global Research report.
The report experts agreed that in 2017 there was a slight improvement in the situation on the Russian market of consulting services, in comparison with the crisis period that began in 2014, when the Russian economy was simultaneously hit by a fall in oil prices, devaluation of the ruble and international sanctions.
However, despite modest growth, the Russian consulting market is still far from the shape it was in until 2014. Small and medium-sized companies suffer most from this as they clearly do not have enough money not only for development but also for maintaining the current level of business operations.
Nevertheless, things are still looking better than two or three years ago, and experts hope that this trend develops further in 2018.
You can find the English version of SOURCE Global Research expert report on Russia here.