297715

Yandex jumps 13% as EU and Google scuffle
With the European Commission’s antitrust complaint against Google, Russia’s home advantage in Internet search is evident....
314
0
17 April 2015
Russian online travel market still appealing to investors
Illustrating the appeal of the Russian online travel market — which is estimated at $3.8 billion last year — an industry conference and startup contest will take place on April 28 in Moscow....
286
0
15 April 2015
Fourth cohort of Volga tech projects trained in Maryland
A new group of Russian tech start-ups and university projects arrived in Maryland last week to participate in a two-week training program and meetings with potential investors and partners. This is yet another dimension to cooperation between Russia and the United States in technology innovation, an area which the Western sanctions against Russia do not cover....
288
0
15 April 2015
Russian startup develops 3D camera for the visually impaired
Russian startup Oriense is developing glasses that help blind and visually impaired people navigate around obstacles. The product, which was pitched to Samsung last year, is scheduled for release this year, reports the Skolkovo Foundation....
274
0
15 April 2015
US sanctions block Crimeans from World of Warcraft, Diablo III
Crimean gamers were locked out of playing popular online multiplayer games World of Warcraft and Diablo III last week, as the game publisher was forced to suspend the accounts in compliance with Western sanctions....
257
0
15 April 2015
Russian government endorses import substitution plan for telecom software
The Russian Ministry of Telecom and Mass Communications has endorsed its import substitution strategy for software used in Russia, the Ministry website announced earlier this month....
301
0
15 April 2015
Ulmart founder and CEO Sergey Fedorinov: “The context might change for the better before our potential IPO”
Starting from scratch in 2008, Ulmart took just five years to assert itself as the leading Russian e-commerce site, generating $1.3 billion in revenues last year in a domestic market that reached or exceeded $17 billion....
293
0
13 April 2015
eBay and PayPal to comply with Russian personal data storage law earlier than Sept. 1 deadline
eBay has become the first US company to say it will comply with the new Russian legislation requiring businesses to store Russian users’ personal data in Russia, business daily Kommersant reported earlier this week....
311
0
13 April 2015
Yandex trims staff amid economic crisis
Russian Internet firm Yandex will reduce its staff by 3 percent and slash hiring as the country’s economic crisis forces the company to optimize its operations and expenses, a spokesperson for the company said earlier this month....
278
0
13 April 2015
Pavel Titov, DupZapper: the most important thing for us is to see a significant amount of fraud attempts we have helped our clients to prevent
Gaming Congress makes more and more friends. Among those who traditionally speak at the event is our interviewee. Pavel Titov's specialization is analytics and data processing in online gambling with a focus on technology to detect abuse at gambling sites and browser-based games. The guests at Gaming Congress in Georgia highlighted Mr. Titov’s report on the topic of bonus abuse.  ...
381
0
9 April 2015
Gambling in Georgia, Kazakhstan, Belarus: investment climate analysis
While Russia is closing Azov-City and organizes new gaming zones, and Ukraine is thinking about gambling legalizing, gambling in neighboring countries is actively moving forward. The pace is sometimes slower and sometimes faster, but there’s movement anyway....
363
0
9 April 2015
Can legalization of gambling save Ukraine?
Late last year, international rating agency S&P cut the rating of Ukraine to just above default. At that time, there was almost no money left in country's economy. Experts all together said: it is essential to find other sources of revenue for the state budget. Minister of Finance Natalia Yaresko said gambling can be such a source, and its legalization can result in about 2 million UAH for the...
319
0
9 April 2015
US interior design platform Houzz launches in Russia
Houzz, a global website and online community about architecture, interior design and decorating, has launched a Russian version of its website and mobile apps, and opened a representative office in Moscow....
342
0
9 April 2015
Scientific research centers benefit from partnerships with global firms
Over the past two years several technology transfer centers have been established and began operations at Russian universities in partnership with private international firms. Their task is to use the scientific potential of universities to create an innovation infrastructure around them and help attract further investments....
260
0
9 April 2015
Report: One quarter of commercial emails never reach Russian inboxes
Only 76% of global emails sent to local Russian mailbox providers reaches the inbox and one in four messages are sent to spam or blocked, says Inbox Placement Benchmarket Report 2014 prepared by Return Path....
267
0
9 April 2015
Skolkovo startup offers users faster access to web applications
Skolkovo’s IT cluster startup unveiled the solution of software publisher Startpack, whose new program Startpack Launcher offers desktop users faster access to web applications....
257
0
9 April 2015
Pavel Durov: “The Russian tech environment became much less liberal, losing freedom as one of its competitive advantages”
“Facebook is losing traction within the younger generation,” Vkontakte founder and former CEO Pavel Durov told UK magazine Dazed, while Telegram, the messenger which he created in, now attracts 50 million users worldwide....
289
0
9 April 2015
Internationally-oriented hardware startup accelerator launched in Nizhny Novgorod
Nizhny Novgorod-based investment company Open Innovations, the RVC Seed Fund and DI Group, a Tomsk-based high tech group, have set up a new “fund-accelerator” for hardware startups in Nizhny Novgorod – following a similar initiative earlier this year in Tomsk, Siberia....
292
0
9 April 2015
Tomasz Czechowicz of Polish fund MCI: “We believe it’s a time to buy and build in Russia”
While several international investors have suspended or reduced activities in Russia, MCI, a major Polish fund, is continuing to invest in the country, among others. Its current Russia portfolio includes KupiVIP, Travelata and Oktogo....
272
0
9 April 2015
Visa and MasterCard join Russia’s National Card Payment System
On April 1 Visa and MasterCard joined Russia’s newly-created National Card Payment System, which was launched in response to US sanctions against Moscow and can be considered the first step towards the creation of an autonomous financial system in Russia....
283
0
9 April 2015
KupiVIP survey: New online consumer behavior emerging in crisis times
In a survey of its customers conducted in February, fashion flash sales site KupiVIP.ru found that new online consumer behavior is emerging in the current unstable economic context. No less than 83% of clothing and footwear buyers are looking primarily for discounted products — a proportion 1.5 times higher than in early 2014. The survey also found that 58% have...
296
0
2 April 2015
Personal data transfer to Russia: New report by EWDN and EY sheds full light on legal and organisational challenges
From September 1, 2015, companies operating in Russia will be required to store their users’ or clients’ personal data on servers located physically on Russian territory....
295
0
2 April 2015
Net Element acquires PayOnline to “cover all methods of online and mobile payments in Russia”
Earlier this month Net Element, a NASDAQ-listed provider of mobile payment and value-added transactional service and solutions in Russia and in the United States, announced the acquisition of Russian Internet payment service provider (IPSP) PayOnline....
265
0
2 April 2015
Kaspersky shares your computer secrets in weekly sauna meetings with Russian secret service, asserts Bloomberg
“The company securing your Internet has close ties to Russian spies,” Bloomberg asserts in a story published last week....
288
0
2 April 2015
B2B-Center CEO Alexey Degtyarev: “In 2014, Russian B2B e-commerce amounted to $609 billion”
With a montly trading volume exceeding $2,2 billion in 2014, B2B-Center.ru, Russia’s main electronic trading platform, serves more than 200,000 clients from 120 countries....
282
0
2 April 2015
Mozilla makes Yandex the default search engine for Firefox in Turkey
Earlier this week Yandex.Turkey and Mozilla Corporation announced that Yandex will be the default search engine for Turkish language versions of Firefox on mobile and desktop, starting with Firefox’s next update, planned for this week....
358
0
2 April 2015
Report: ISIS hackers attacked 600 Russian Internet resources in 2014
Hackers from the self-proclaimed Islamic State attacked 600 Russian Internet resources last year, according to a report by Russian Internet security company  Group-IB....
286
0
2 April 2015
Russia’s SBT Venture Capital invests in Californian provider of e-commerce risk management solutions
Earlier this week SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank, announced that it has invested in IdentityMind Global, a Palo Alto, California-based provider of risk management solutions for e-commerce....
275
0
26 March 2015
Foreign software giants struggle to keep market share in Russia as government favors domestic providers
Russia’s Ministry of Telecommunications recently developed a draft decree limiting the procurement of foreign software. The ministry intends to establish a register of domestic software developers and oblige state agencies and state-owned companies to buy software only from those on the list....
293
0
26 March 2015
GVA LaunchGurus aims to introduce Silicon Valley practices to Russian startup ecosystem
Earlier this month GVA LaunchGurus launched the eighth edition of its accelerator program, the “GVA Accelerator – Startup Academy,” with the participation of 26 high-tech professionals and entrepreneurs. The 10-week program aims to strengthen their projects by providing new skills, business connections and fund-raising opportunities.  ...
285
0
26 March 2015
Telecom regulator Roskomnadzor cuts off staff, decreases salaries while fields of responsibility expand
Last week, the Russian Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (Roskomnadzor) announced that the salaries of its staff are being reduced this year “from 23% to 54%, depending on the region,” news agency TASS reported. ...
253
0
26 March 2015
Victor Dostov of Russia’s Electronic Money association: “A ban is not the way to handle the risks cryptocurrencies pose”
Dr. Victor Dostov is one of the leading experts and managers in Russian retail payment sectors. He has served as the President of the Russian Electronic Money Association since 2009....
342
0
26 March 2015
Top tech players and 1,300 visitors from Russia attended Mobile World Congress 2014
Earlier this month a variety of Russian companies and more than 1,300 Russian visitors attended Barcelona’s Mobile World Congress. Among the exhibitors were A1 Systems, Jet Infosystems, Peter Services, Protei, Start, Svyazcom, Yandex and Skolkovo....
265
0
26 March 2015
Russian startup sets new trend in global yacht rental market
Well known and practiced in the fields of car and apartment sharing, the booming sharing economy also applies to the global yacht rental market. Pioneering this trend is Anchor.Travel, a Russian startup launched last year by Russian entrepreneurs Sergei Medvedev and Stanislav Kharlamov....
289
0
22 March 2015
Acceleration program advances US-Russia innovation, entrepreneurship, and commercialization
Washington, D.C. – Three education technology startups from Russia traveled to the Washington, D.C. and Baltimore regions on March 2-12 as part of the U.S.-Russia Innovation Corridor (USRIC) program....
262
0
19 March 2015
SocialKey launches profiled ads on Russian social networks
Digital Society Laboratory (DSL), a Russian developer of Internet-based advertising and analytical applications, has just launched SocialKey Ads, which it presents as a platform to profile and manage ads in Russian social networks. The company invested no less than $3.5 million in the project, reported Russian tech blog Firrma.ru....
348
0
18 March 2015
Russian IT services market declined by 15% in 2014
The volume of the Russian IT services market in 2014 declined by 15% in dollar terms to $6.57 billion. In ruble terms, the market grew by 2.2% due to the depreciation of the Russian currency, according to an IDC report cited by CNews.ru....
320
0
18 March 2015
Western investors injected $5 million in Russian online travel agency Oktogo
In December last year Oktogo, a major Russian online travel agency and content portal, secured “more than $5 million” from a pool of investors which included essentially Poland’s MCI Management, Luxembourg’s Mangrove Capital Partners, France’s Ventech and Russia’s ABRT....
296
0
18 March 2015
Russia to create cyber security council
Earlier this month Russian Vice-Premier Dmitry Rogozin ordered the creation of a council for cyber security that will operate under the Military Industrial Commission. An inter-departmental working group for information security would also be set up....
270
0
18 March 2015
Results of second Social & Mobile Gambling Conference
On March 12 Moscow ECC "Sokolniki" with great success hosted the second industry conference dedicated to development and promotion of social and mobile gambling - Social & Mobile Gambling Conference 2015....
360
0
17 March 2015
Moscow plays host to the InvestRus International Conference “Investment 2015. Choosing Russia!”
On March 11, 2015, the InvestRus International Conference was held in Moscow. The conference, which has become an annual event, is a respected forum for the discussion of investment policy and the results of its implementation in the Russian Federation. The Conference is held annually under the auspices of the Investment Council under the Chairman of the State Duma of the Russian Federation with t...
585
0
16 March 2015
Report: Goldman Sachs invested $8 million in Russian flight ticket booking site Onetwotrip
Goldman Sachs invested $8 million in Onetwotrip.com, a Moscow-based startup that sells air tickets and hotel bookings to users from Russia and several European countries....
310
0
15 March 2015
Wedding startup from Tatarstan secures $400,000 from business angels
Russian wedding startup Wedvice, a resident at the business incubator of the Naberezhnye Chelny IT park, in Tartarstan, has received 25 million rubles (a little more than $400,000 at the current exchange rate) in investment....
327
0
15 March 2015
M-Enabling Global Summit
The M-Enabling Global Summit is the only program exclusively dedicated to promoting mobile accessible and assistive applications and services for senior citizens and users of all abilities, a market of more than one billion users worldwide, with considerable untapped potential....
327
0
12 March 2015
Bank software publisher Double Data secures $3 million in Series A round
Last week two Moscow-based venture funds, Leta Capital and Simile Venture Partners, announced they invested “nearly $3 milllion” in Double Data, a Russian startup developing Big Data solutions for financial institutions....
306
0
11 March 2015
Mail.ru Group launches unified mobile advertising platform
Mail.Ru Group, a leading, LSE-listed Russian Internet Group, has launched myTarget, an advertising platform that combines the audience of mobile services and social networks in Russia and the CIS, including VKontakte, Odnoklassniki and Moi Mir....
326
0
11 March 2015
Charles Bellissen of ShopAlike: “Even if the market slows down this year, we still believe in Russia’s huge potential”
Amid signs of renewal of the Russian e-commerce marketplace scene, ShopAlike, an international fashion-focused aggregator launched back in 2009, has been making headway in the Russian market for almost a year....
283
0
11 March 2015
Indiegogo goes wild for St Petersburg’s iTraq
A startup with routes in Russia’s second city has attracted more than $221k in funding on Indiegogo. The company is called iTraq, and has developed a small device whose location can be tracked using a smartphone app....
322
0
11 March 2015
The future of Europe’s single digital market discussed at Sofia’s CEEDS – with free passes for Russian startups!
For its 7th edition in Sofia on April 21-22, the CEE Digital Summit (CEEDS) will welcome Mr. Andrus Ansip, Vice President for the Digital Single Market at the European Commission among 100 top speakers and more than 3,000 attendees from 40 countries....
276
0
11 March 2015
Russia’s Ulmart shops around with Hong Kong on IPO schedule
Russia’s biggest online retailer is now visiting the New York Stock Exchange and NASDAQ and plans to scout out Hong Kong and London in coming months as potential venues for an up to $1.5 billion IPO in 2016, the company’s spokesman Brian Kean told The Wall Street Journal....
280
0
11 March 2015