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HomeLatest NewsEconomic sanctions have opened new opportunities for consulting companies - Rossiyskaya Gazeta

Economic sanctions have opened new opportunities for consulting companies – Rossiyskaya Gazeta

Date: July 23, 2024 Time: 01:28:47

Boris Nikolaevich, what will be the situation on the consulting services market at the beginning of 2024?

Boris Yatsenko: Last year, one of the main areas of work was the provision of a wide range of services related to the exit of foreign investors and redomiciliation (change of jurisdiction of a company while maintaining all its business structures. – Ed.) .

The increase in the Bank of Russia’s official interest rate more than halved the availability of debt financing and caused a decline in investment activity. However, the active process of changing owners of Russian companies supported the mergers and acquisitions (M&A) market. At the same time, the restrictions imposed on transactions involving the departure of foreign companies from the Russian market, as well as the increase in the cost of borrowed funds, led to a general decrease in the multipliers of the value of transactions with commercial assets.

Increased public spending, import substitution, reorientation of economic relations, parallel imports – all this led in 2023 to GDP growth, an increase in the need for resources, including human resources, and an expansion of the consulting services market . Today, services for preparing various materials (business plans, financial models, etc.) necessary to attract financing for investment projects are in great demand.

In addition, Due Diligence practices (the procedure for developing an objective image of an investment object. – Editor’s note), support in mergers and acquisitions, raising debt financing, construction and engineering consulting, forensic analysis (activities for prevent and identify cases of corporate fraud, corruption schemes and other illegal actions of company employees – Ed.). Our services allow clients to save significant amounts during the preparation and implementation of projects with multi-million dollar investments, recovering many times the cost of consulting.

How do you organize your work under foreign economic sanctions?

Boris Yatsenko: Indeed, these challenges have opened up new opportunities for Russian consulting. Over the past two years, we have implemented more than 40 major projects to support the exit of foreign investors from Russia, including successfully coordinating transactions with the Government Commission for Foreign Investment Control. The practice of supporting international mergers and acquisitions transactions is actively developing.

Geopolitical challenges have opened new opportunities for Russian consulting

We continue to work successfully on international projects, solving the most complex and atypical problems. We see a significant demand for our services to support economic disputes in international courts: as financial experts and experts in the field of construction, we participate in proceedings in the world’s largest arbitration centers (SIAC, ICDR, LCIA, ICAC) and others . The amount of claims won in the last two years with our help amounted to several billion US dollars.

The problem of access to information resources in other countries that arose in the context of sanctions was also successfully overcome. Throughout more than 33 years of work, we have learned to overcome difficult situations, using them as a springboard for development and finding new points of growth.

Are there difficulties with professional staff in the consulting industry?

Boris Yatsenko: Yes, now in the labor market, including in the field of consulting, there is a shortage of personnel and, accordingly, there is great competition for the best candidates.

High-quality consulting allows clients to save significant amounts on multi-million dollar investments

We invite both experienced experts and young specialists to our team. We have established cooperation with the leading universities of Russia – Moscow State University. MV Lomonosov, Higher School of Economics of the National Research University, Financial University of the Government of the Russian Federation, Russian Economic University. GV Plekhanov et al. Many of those talented, enthusiastic and ambitious students and graduates who have completed their internships with us become members of our team. Each of them has a mentor who helps the employee not only during the adaptation period to the company, but throughout their professional career.

FBK today is a unique team of professionals with an impeccable business reputation, which has managed to earn the trust of clients and become one of the leading audit and consulting groups in Russia. We provide more than 50 types of consulting services, so that both young specialists and professionals have the opportunity to work on interesting projects that involve constant learning, which ultimately leads to rapid development in the profession.

Is competition strong in the Russian consulting services market?

Boris Yatsenko: In Russian consulting, large companies traditionally compete, which have been building their business strategy for years, taking into account the changing needs of entrepreneurs and perfecting the technology for the provision of each service, but from time to time new companies appear. little. who may or may not become the protagonist.

We have always perceived the appearance of new players in the market as a challenge and an opportunity to be even better. The client’s tasks are of utmost importance to us, and the ability to find solutions for them, sometimes non-standard, but meeting all legal and ethical standards, allows us to maintain our place in the first lines of the most important ratings in many categories year after year.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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