Google To Set Up Shop in Russia?

    August 2, 2005
    Chris Crum

The Russian media has reported that Google may be interested in setting up operations at a new IT park in St. Petersberg.

Russian deputy IT and communications minister, Dmitry Milovantsev spoke after a meeting with a potential partner of the IT park, the Bonch-Bruyevich St. Petersburg State University of Telecommunications.

Google To Set Up Shop in Russia?

“We spoke with Google representatives, and they seemed very keen on the idea,” said Milovantsev.

A spokesperson for google was quoted as saying, “We are very interested in Russia and are working to learn more about this important market. We will continue … exploring business opportunities in Russia.” The Moscow Times reports,

The draft bill on IT parks — special economic zones created to boost investment in technology — was approved by the State Duma last month. The bill needs the Federation Council’s approval and President Vladimir Putin’s signature to go into effect.

To draw large technology companies to IT park authorities will “make an offer [these companies] cannot refuse,” Milovantsev said.

If Google decides to go though with setting up operations at the IT park, it may employ up to 3,000 workers at the location according to Milovantsev.

The park, which is supposed to be open in 2008, will cost an estimated $1 billion. It will be financed by federal and regional authorities as well as the World bank, and any companies that will set up shop there.

Chris is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.