Russia’s second fastest-growing regional innovation economy in 2011 according to business monitor RBC Daily, is stepping up efforts to assert itself as one of the country’s most business-friendly ecosystems. Less than three years after the regional capital city of Kazan opened IT Park, reportedly eastern Europe’s biggest techno-park, plans are now being laid for a …
GLONASS, the Russian satellite positioning system launched in 1982 in response to America’s GPS, has navigated into its rival’s home territory. The U.S. Geological Survey, a government entity whose tasks include early volcanic threat detection, announced plans last week to purchase dual GLONASS+GPS compatible hardware to improve its monitoring of America’s 160 active volcanoes and …
GLONASS adopted by US agencies: One eye is good, but two are better Read More
In a bid to step up innovation cooperation between Russia and neighboring Belarus, two government delegations met in Nizhny Novgorod on Wednesday to agree on the establishment of a Russian-Belarusian Business Accelerator and to further the finalization of a prospective inter-state technopark.
Vist Group, a major, twenty-year-old Russian developer of turn-key IT solutions for mine fleet and railroad management systems, is considering seeking capital market opportunities, according to Reuters. A resident of Skolkovo, the government-sponsored technology hub outside Moscow, Vist could thus become the first Skolkovo resident to orchestrate an IPO. Vist has declined to make any …
Mine fleet management solution provider Vist Group eyes IPO Read More
Two deep-pocket, state-owned innovation flagships, the Russian Venture Company (RVC) and Rusnano, and the MICEX-RTS stock exchange have shaken hands on an uncommonly broad-based, private/public partnership designed to aid Russia’s fledgling technology innovators. In a concerted not-for-profit effort called Innovation and Investment Market (IIM), also known as IPO Board, the players are stepping forward to …
In a renewed round of innovation cooperation in the post-Soviet area, the Skolkovo Foundation, the Russian organization in charge of building a world-class technology hub near Moscow, is expected to start screening and funding technology start-ups from the neighboring CIS countries. The CIS Economic Council will vest the Foundation next month with full powers to …
Skolkovo’s influence extending to post Soviet countries Read More
In a bid to diversify and assert itself on the fast growing Russian e-commerce market, major mobile retailer Svyaznoy is now catering to travelers and selling furniture and jewelry online. Its most recent project, one the company positions as a ‘travel hypermarket’, Svyaznoy Travel, aims to incorporate both online and offline formats for all travel …
Dreaming of an overseas vacation? Need new furniture? Check out phone retailer Svyaznoy Read More
Scartel, the leading Russian WiMAX operator, working under the Yota brand, will switch to an LTE network in Moscow as early as April 15, CEO Denis Sverdlov told journalists last week. Investment in the project will total $60 million. The new network will make mobile Internet access cheaper and faster than WiMAX, Sverdlov emphasized, as …
Transtelecom, or TTK, has purchased 100% of the shares of Electro-Com, an Internet provider working under the Spark brand, Telecom Daily reported earlier this week. The deal will reinforce TTK’s positions in the broadband Internet access markets of Rostov-on-Don, Ryazan, Taganrog, Volgodonsk, and Kaluga. It will also introduce TTK to the Tula, Krasnodar, Bryansk and …
Transtelecom acquires regional Internet provider Electro-Com Read More
Digital radio- and tele-broadcasting have been launched in the North Caucasus for the first time, TASS-Telecom reported last week. The launch ceremony took place in Vladikavkaz in the Republic of Northern Ossetia-Alanya and was attended by Igor Shchegolev, the Minister of Communications and Mass Media.
Russia’s national telecom operator Rostelecom, US software giant Microsoft, and top Russian enterprise software publisher 1S signed agreements to jointly develop cloud computing projects. Appointed in March by the Russian government to develop a national cloud computing platform by 2015, Rostelecom announced its intention to invest more than ten billion rubles (approximately $357 million) into …
Microsoft and 1S to develop cloud projects with Rostelecom Read More
Russian national telecom operator Rostelecom has increased its stake in regional operator Orenburg GSM from 51% to 100%, news agency RIA Novosti reported last week. The remaining 49% stake was sold for $4 million by Samara based operator SMARTS.
