Chief Executive Officers from Russian companies are generally upbeat about the current state of Russia's economy, but a large proportion have only moderate expectations for its future development prospects, a study conducted by executive search firm Stanton Chase International found.
Over 85 percent of the survey's participants assessed 2013 as successful, but their forecasts for the next year were more cautious. While over 40 percent of those surveyed think the economic prospects for 2014 are either somewhat or very optimistic, 39.1 percent gave a neutral response and 19.2 percent were pessimistic.
In the opinion of top managers the largest growth is expected in the areas of consumer goods, natural resources and information technology. The lowest expectations were in the public and industrial sectors, the study found.
Less than half of the companies involved in the survey said they searched for candidates for top managerial positions exclusively in Russia, while 17 percent of firms said they also look for managers in the former Soviet republics. Thirteen percent of companies said they accept applications from anywhere.
Over 75 percent of Russian CEOs said they would be willing to relocate for positions in Western Europe.
Only 10 percent of the 275 CEOs surveyed were women. The typical CEO in Russia is a man between 40 and 49 years of age, who has worked in his current position for five or more years, the study found.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
