The departure of foreign companies has freed up labor resources in the IT market of the Northern capital, and there are already more young specialists than companies need. Employers no longer want to overpay. Despite the decrease in the number of vacancies and salaries, tax revenues from the IT industry to the St. Petersburg budget jumped by 25% in the first half of the year, Smolny reported. Officials rejoice at the success of import substitution and the return of prodigal specialists. The fact that enterprises in the field of informatization and communications in the first half of 2022 paid the city a quarter more taxes than in the same period of 2021 was told by Vice Governor Alexei Korabelnikov in an interview with Fontanka.
The growth comes against the background of the fact that since February 2022 a number of companies have announced their withdrawal from the Russian market. Thus, a major software developer JetBrains transferred employees to foreign offices and proceeded to liquidate its Russian legal entities. According to SPARK, about 1,000 people worked in Russian subsidiaries, their annual turnover was 7.5 billion rubles. EPAM Systems also began to transport employees abroad, for which about 9,000 specialists worked in Russia.
The mention of the Russian office has already disappeared from the company’s website. Relocation to the staff was offered by Veeam Software, Oracle, Deutsche Telekom (the Russian division is T-Systems RUS), Luxoft, and others. However, taxes are paid for previous periods and the cessation of the work of companies is likely to deprive the city treasury of part of the income in the future, they admit in Smolny. But city officials explain the positive trend and import substitution. “Many companies are successfully taking advantage of the situation to increase the scale of their business, occupying the vacant niches,” commented Alexey Korabelnikov.
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