East-West Digital News

Airfare search engine Jizo.ru seeks jackpot with new social application

November 10, 2011 November 10, 2011

Jizo.ru, the air travel metasearch engine launched earlier this year by Fast Lane Ventures, has launched an impressive social commerce application on Facebook. The new tool, named Flight Finder, allows Facebook users from Russia to view the best airfare offers to visit friends and family in other cities and countries in real time with just one …

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Opera Software mobile browser strengthens leadership in Russia

November 9, 2011 November 9, 2011

Mobile traffic on Opera Software’s mobile browsers in Russia increased by 141.6% from September 2010 to September 2011, while the number of users in the country grew by 44%. These figures were disclosed yesterday in an exchange between Russian business daily RBC Daily and Lars Boilsen, CEO of the Norwegian company.

Innovative Russian search engine locates live media content, targets US market

November 8, 2011 November 8, 2011

Searching for live audio and video streams online could become much easier thanks to Balakam.com, an innovative search engine launched yesterday in beta version by a team from Nizhny Novgorod, Russia’s fourth largest city. Balakam has developed and patented particular search algorithms and an advanced crawling technology to retrieve and index live media streams throughout …

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US investors to fund Russian startups through new accelerator in St. Petersburg

November 8, 2011 November 8, 2011

Just days after Texdrive, Russia’s first international startup accelerator, opened in Moscow, the St. Petersburg National Research University of Information Technologies, Mechanics and Optics (ITMO) announced in late October the creation of its own startup accelerator in partnership with US venture fund RSV Venture Partners. Operations will start early in 2012 at the university-hosted startup …

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InformInvestGroup to push British Telecom solutions on the Russian market

November 8, 2011 November 8, 2011

Global telecommunications services company British Telecom (BT) and Moscow headquartered IT holding InformInvestGroup signed a cooperation agreement to adapt and promote BT’s services on the Russian and CIS markets. The agreement covers BT’s offers for software applications and cloud computing as well as solutions tailored for financial markets such as BT Trading System and BT …

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Fast Lane Ventures invests in Airbnb copycat

November 7, 2011 November 7, 2011

Witnessing a growing interest in the Russian online alternative accommodation market, Moscow business incubator Fast Lane Ventures acquired a stake in Travelrent.com last month. Founded in 2009, Travelrent.com is one of the startups emerging on the local scene, focusing on Russian language users in Russia and neighboring countries. The site currently lists 3,500 available accommodations, with …

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Yandex.Dengi in talks with Russian banks to comply with new law on payment systems

November 4, 2011 November 4, 2011

Russian search giant Yandex is holding talks with Russian banks to negotiate the sale of a stake in its e-currency service Yandex.Dengi (Yandex Money), said Yandex CEO Arkady Volozh in an exchange with journalists last week. Yandex is considering the move as a means of compliance with new legislation on payments systems passed in the …

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Russian telematics company RNT eyes buying Eastern European partner, seeks US partner

November 4, 2011 November 4, 2011

Russian Navigation Technologies (RNT), a leading manufacturer and integrator of fleet management solutions and other telematics systems, is continuing its international expansion. The company is holding buyout talks with several Eastern European firms to enter the regional market, RNT General Manager Ivan Nechaev told CNews.ru, a resource covering the IT and telecom markets.

Kiev Investor Day serves as meeting point for investors and startups from Europe and Russia

November 3, 2011 September 21, 2024

The fifth annual Investor Day-IDCEE affirmed itself as an important event on the international high tech scene, attracting some 2000 participants, including representatives from 150 startups and 200 investors from 34 countries. The two day long event was held in Kiev, Ukraine, on October 25 – 26 (see videos) Cafe and restaurant directory. The best …

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Road quality mapping startup honored at Opera Software Startup Awards contest

November 3, 2011 November 3, 2011

Opera Software, the Norwegian browser software publisher, announced the results of its Opera Startup Awards contest this Tuesday. The competition, intended to reveal the best Russian student startups, was conducted by Opera Software in partnership with the St. Petersburg National Research University of Information Technologies, Mechanics and Optics and its affiliated business incubator ‘Quattuor Dimensionis’ (QD).

Moscow couple charged with video piracy with over $1 billion in damages

November 3, 2011 November 3, 2011

Moscow residents Andrey and Natalya Lopukhov have been charged with Internet video piracy, with Russian and international copyright owners seeking damages estimated at over 38 billion rubles, or $1.26 billion. The Russian Office of the Prosecutor General ordered the couple to be arraigned in court on criminal charges, the Russian press reported last week.

Mail.ru Group developing ‘Russian Twitter’

November 2, 2011 November 2, 2011

Mail.ru Group, a leading Russian Internet group listed on the London Stock Exchange, is developing its own microblogging service to compete with Twitter on the Russian market, Russian business daily Kommersant reported earlier this week from unnamed sources within and outside the group. The ‘Russian Twitter’ will be integrated to user accounts on the group’s …

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