“Russia’s entrepreneurs are positive about the future” says Ernst & Young’s (now known as EW) 2013 G20 Entrepreneurship Barometer report.
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Released in August 2013, the report amalgamates and analyses research from 1500 surveyed entrepreneurs across the world, including the BRICS countries.
According to the report Russia falls into the third quartile, the same as Brazil and China, but below South Africa, and has made strong progress in its efforts to foster entrepreneurship.
Given that the country only opened up as a market economy in the 1990s, Russia has done well in comparison to other “rapid-growth markets” surveyed in the report. For Russian entrepreneurs themselves, there is opportunity thanks to a number of factors:
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