OREANDA-NEWS. According to a study of the PwC audit company named “From Shadow to Light: Russian Business Over the Past 30 Years through the Eyes of Its “Fathers” and “Children”, most entrepreneurs expect successful business development in Russia in the next 30 years.

The study is based on data from 1001 interviews with representatives of various Russian companies. The samples included citizens of 1980–1991 and 1957–1963 years of birth.

“The respondents are rather optimistic about the future state of Russian business: more than half of them (56 %) believe that it will develop successfully in the next 30 years… Respondents suggest that such industries as information technology (87 %), energy (69 %) and trade (68 %) will get the most development in the next 30 years,” the study says. About 19% of respondents believe that Russian business will degrade during this period, 20 % consider that it will remain in its current state.

“Representatives of two generations vary significantly… More than half of 60 year old respondents (59 %) doing business in the 90s believe that doing business in Russia has become easier. At the same time, every second representative of the younger generation is sure that over the past time the situation has worsened,” the report states.

Businessmen who note that doing business in Russia over the past 30 years has become easier, explain it primarily by increasing the availability of services (45 %), the absence of crime (18 %) and the availability of great opportunities (18 %). Entrepreneurs who are confident that the situation has worsened, connect it with high taxes (30 %) and administrative barriers (24 %).

“Among the factors that distinguish the current situation from the situation in the 90s, the businessmen surveyed noted increased competition (80 %), simplified business start-up procedures (64 %), stability of the political system (55 %), and the availability of loans (55 %). At the same time, they are dissatisfied with the increase in energy prices (90 %), the decrease in qualifications of personnel (46 %) and in purchasing power of the population (42 %),” the document says.