bne IntelliNews

bne IntelliNews publishes business news and data on emerging markets. Its goal is to provide pragmatic and actionable information for investors and companies. The publication covers Eastern Europe, Central Asia, Africa and the Middle East and data and forecasting on more than 72 different countries and 400 industry/commodity categories. bne IntelliNews' headquarters are in London and suburban Boston, with editorial bureaus located throughout the covered regions.

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Sberbank promises to double online ecosystem investments over the next three years

May 5, 2021

In September last year Sberbank, the state-controlled financial and digital giant, rebranded itself to just ‘Sber,’ dropping the word “bank” from its name, but the change has not really caught on. The management is now ramping up its rebranding drive and has promised to double investment into building its new “bank plus everything else” online …

Sberbank promises to double online ecosystem investments over the next three years Read More

Telegram messenger aims for IPO by 2023

April 16, 2021

Telegram messenger of Russian internet guru Pavel Durov aims to hold an initial public offering (IPO) in the next two years with a valuation of $30 billion – $50 billion, Vedomosti daily reports citing unnamed sources close to the Dubai-headquartered company. The Bell cited unnamed sources as saying that an IPO is most likely in …

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Kremlin gives Twitter another month to comply with content removal demands

April 7, 2021

Russia’s internet regulator Roskomnadzor has extended the deadline until May 15 for Twitter to delete content the government objects to or face a ban, the watchdog said on April 6. The state information agency said that it would not block Twitter if it deletes posts relating to pornography and suicide instructions amongst other things. However, …

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NorNickel adopts blockchain for a more responsible supply chain management

February 3, 2021

As more and more global companies adopt corporate blockchain solutions, Norilsk Nickel (NorNickel), the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has announced it is joining the Responsible Sourcing Blockchain Network (RSBN), a network aimed at supporting responsible sourcing and production practices from mine to market. According to NorNickel, the move …

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Russia goes ahead with eSIM technology

February 1, 2021

Russian mobile phone operators are exploring the promising eSIM technology, but the government’s attempts to control and centralise the technology are likely to create hurdles. The communication ministry recently unveiled plans to create a storage system for user profiles of virtual mobile phone SIM cards based on eSIM technology, explaining it by the need to …

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Russia’s BioFoodLabs health food is flourishing in times of pandemic

November 17, 2020

Russians have been bingeing on health food in an effort to build up their immune systems in the hope of protecting themselves from the novel coronavirus. That’s how Elena Shifrina, former model, MIT alumnus and now CEO of Russia’s premier health food company BioFoodLabs explains the surge in sales this year. bne IntelliNews profiled Shifrina three years ago when …

Russia’s BioFoodLabs health food is flourishing in times of pandemic Read More

The Russian retail digital revolution of the X5 supermarket chain

November 2, 2020

It’s been on the agenda for years, but now the Russian economy is finally being rapidly digitalised. The coronacrisis has accelerated the process after everyone was locked up at home in the summer and forced to buy their groceries online, but the pandemic didn’t create a new trend; it only made the existing ones move faster. …

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MegaFon joins race to space Internet

November 2, 2020

MegaFon, a major Russian mobile phone operator, is investing in a project that will provide data access to on-the-ground users from low-Earth orbit satellites. The operator plans to invest 6 billion rubles (some $75 million at the current exchange rate ) over the next two years into research of the new technology. A dedicated R&D …

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Russian e-commerce major Ozon posts record turnover growth as pandemic fuelled online shopping in Q2 2020

September 14, 2020

Last week Russia’s leading multi-category e-commerce platform, Ozon Group, announced its turnover rose to a record in the second quarter, as the global pandemic spurred more people to shop online. Turnover, or gross merchandise value (GMV), surged 188% year on year to 45.8 billion rubles ($611 million) in Q2 2020, Ozon said in a statement. In …

Russian e-commerce major Ozon posts record turnover growth as pandemic fuelled online shopping in Q2 2020 Read More

Russia’s Yandex.Taxi’s IPO still on, as it struggles to stay profitable

November 12, 2020

Yandex.Taxi, the ride-hailing arm of Russian online giant Yandex, is pushing ahead with its plans to organise its highly anticipated initial public offering (IPO), while struggling to remain profitable amidst the coronavirus (COVID-19) pandemic. Earlier this month, Yandex.Taxi CEO Tigran Khudaverdyan was quoted by The Bell as saying that the company has not abandoned plans to …

Russia’s Yandex.Taxi’s IPO still on, as it struggles to stay profitable Read More

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