According to International Accounting Bulletin, an increased appetite for consultancy services in Russia have given professional services firms a boost during the past 12 months.
KPMG in Russia and the CIS has been on the front foot as the firm saw its revenue grow by 16% to 9.1 billion rubles ($292.4 million).
Andrew Cranston, Senior Partner, KPMG in Russia and the CIS, commented: «The global markets continue to be volatile, and this has had a significant effect on business confidence. However in the CIS, demand for our services remains high and our business has continued to grow over the past year. Depending on what happens globally, we may well see some level of slowdown or turbulence here over the next year; however we continue to be confident in the long term opportunities that the CIS offers and we are continuing to invest in new offices, new services and new people.”