Russian business angels join European association
The National Association of Business Angels (NABA) announced their having joined the European Trade Association for Business Angels (EBAN), the leading European association of business angels.
Asus and Russian systems developer CNT extend cooperation
Asus, a global manufacturer of electronic devices, and the Center of Navigation Technologies (CNT), a Russian developer of the Navitel navigation systems software, have announced their transition to a new, direct relationship. Cooperation between the two companies was previously limited to Garmin-Asus, a joint venture specializing in the production of Nuvifone smartphones featuring a satellite …
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Norway’s Telenor and Russia’s VimpelCom in dispute over deal with Italy’s Wind
Telenor, a Norwegian company with mobile operations in countries across Europe and Asia, yesterday commenced arbitration proceedings against VimpelCom, a leading Russian mobile operater in which Telenor owns a 40% stake, and Altimo, a VimpelCom shareholder. Altimo is an invesment company representing Alfa Group, one of Russia’s largest privately owned financial-industrial conglomerates.
First criminal case for copyright violation on a leading social network opened
The Russian Interior ministry announced that a criminal case has been opened against a 26 year-old Muscovite for having “replicated and disseminated” 18 copyrighted music recordings from his personal page on Vkontakte.ru. This followed a complaint from Nikitin, the Russian music company that owns the rights.
Japanese corporation buys stake in Russian Qiwi payment system; US expansion considered
Japanese holding company Mitsui & Co. has bought a 15% share in Qiwi, Russia’s leading operator of offline electronic payment terminals. Existing shareholders Mail.ru Group, the operations branch of DST investment, and Qiwi management both sold shares to complete the deal and now hold 21.4% and 63.7% respectively. No official information on the value of …
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Search engine Yandex strengthens its leadership
In 2010, Russian search engine Yandex remained by far the leading search engine on the Russian-language Internet. According to LiveInternet.ru, a leading website traffic ranking site, Yandex generated 64.1% of all visits to other sites generated by search engines from December 2009 to December 2010, an increase of 5.2 points over the previous year. Google’s …
