New Economy Observer (NEO)

New Economy Observer (NEO) is a digital publication covering the intersection between finance and social responsibility, with a special focus on emerging markets. NEO offers news and analysis on major issues shaping the new global economy, including climate change and renewable energy, sustainable development, e-commerce and tech innovation, and the future of work.

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Russia’s convenience craze shakes up healthcare

At a recent roundtable event “Digital Toolkits for Medical Projects”, the Russian Ministry for Economic Development announced that it was considering legislative measures to facilitate the testing of new technologies in healthcare. “This experimental regime for telemedicine and prescriptions will increase the availability of consultations for patients and increase the speed of medical care without the need …

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Russia’s Melon Fashion Group launches sales on Amazon

One of Russia’s leading fashion retailers has launched international sales on Amazon, as companies from the region move to expand their online presence. St. Petersburg-based Melon Fashion Group will now offer apparel under its brand befree on the world’s largest e-commerce platform, according to a company release. Melon Fashion operates four brands, specialising mainly in …

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Avito becomes world’s most visited classified ads site

While America’s Craigslist is the most recognisable online classifieds platform, it’s in emerging markets that the segment is really taking off. According to digital analytics service Similarweb, the most visited classified ads website in the world for November 2021 was Russia’s Avito, which displaced Craigslist from the top spot for the first time. Avito is billed …

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JP Morgan: Shared mobility in Russia a “huge” growth opportunity

Shared mobility markets in Russia could grow by over 50% in the next five years, meaning good news for services provided by U.S.-listed Russian tech giant Yandex, JP Morgan said in a recent note. Ride-hailing and car-sharing markets could reach about 1.4 trillion rubles in 2026 from about 0.9 trillion rubles in 2021 ($19 billion …

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