The volume of the Russian IT services market in 2014 declined by 15% in dollar terms to $6.57 billion. In ruble terms, the market grew by 2.2% due to the depreciation of the Russian currency, according to an IDC report cited by CNews.ru. The largest segment of the Russian market of IT services is system …
Russian IT services market declined by 15% in 2014 Read More
Investors are ready to plow up to $20 million into joint startup projects between India and Russia, the Skolkovo Foundation reported last month. “At Skolkovo alone we have 70 registered venture funds that want to invest in [Russian-Indian] innovation projects,” Skolkovo Vice-President Igor Bogachev was quoted as saying. “We could be talking about investment from $10 million …
India and Russia agree to finance joint innovation projects Read More
In yet another step in VKontakte’s strategy to legalize its content, the social network has reached an agreement with Channel One, Russia’s first TV channel. The broadcaster will provide the rights to broadcast its programs and popular shows in exchange for a share of advertising revenues. The news was reported on Wednesday by Russian business …
Russia’s first TV channel and VKontakte agree legalization of video content Read More
Russia’s GS Group, an internationally oriented Russian tech company whose key activities include developing technologies for digital TV, has unveiled a prototype of a device that combines the functionality of a game console and a digital HD receiver. The company has called out the gaming community to unite in driving this technology forward. The device …
Russian firm combines gaming and digital TV in new device, calls developers’ participation Read More
As the Russian economy braces itself for a recession in 2015, belt-tightening measures by Russian businesses are set to include significant advertising budget cuts. In a much more result- and value-oriented advertising environment, companies will look more to online and contextual models, rather than traditional mediums such as TV. According to a report by Goldman …
Russian advertising market to slowdown in 2015, but online remains a growth area Read More
Russia’s absorption of the Crimea region in early 2014 continues to be a source of friction between Washington and Moscow. The issue was illustrated recently by several US firms which cut ties with the disputed territory altogether. Due to sanctions placed on the region last year by the US authorities, which include an export ban of …
Several key Russian tech companies are listed on Western stock exchanges. Among them are software development and service company Luxoft (NASDAQ: LXFT); Mail.ru Group (LSE: MAIL), the owner of Russia’s leading social network Vkontakte and of a range of other Internet properties; mobile operator MegaFon (LSE: MFON); payment operator QIWI (NASDAQ: QIWI); and Yandex (NASDAQ: …
Mail.Ru Group, QIWI, Yandex stocks plummet as only Luxoft stands tall on Western exchanges Read More
This month saw the hosting of the Kazan Startup Week, a nine-day event dedicated to the five-year anniversary of the Kazan IT-Park, a business incubator for IT firms located in the innovation-friendly Republic of Tatarstan, around 800 km east of Moscow. The highlight of the event was the DemoDay, which offered participating startups the chance …
Rambler & Co, a major Russian tech media group, is seeking to move away from its present status as a media company towards Internet technologies. As reported by Russian daily Vedomosti, the company is creating two startup accelerators to achieve this goal. Speaking at an event hosted by the $200 million government-backed startup fund FRII …
Rambler & Co seeks startups in its shift to becoming an Internet tech firm Read More
A local player is leading the Russian paid video-on-demand (VOD) market, having recorded dynamic growth throughout 2014. Okko (formerly Play) offers a smart TV digital service that has taken a commanding lead in the paid segment, recording revenue twice the size of direct competitor iTunes in H1 2014, according to the latest research by J’son …
Russian firm Okko outshines iTunes to dominate dynamic local paid VOD market Read More
Russia is undergoing continued digital development, with growth across all pay-TV platforms as well as increasing uptake of smart TVs, according to the latest research by J’son & Partners Consulting, a leading Russian tech consulting agency. Improved telecoms infrastructure in rural and urban areas, increasingly affordable pricing, and a greater variety of digital offerings are …
Report: Russian digital TV market rapidly maturing Read More
Venture investment volumes in Russia fell by 9% year-on-year (y-o-y) as the number of completed deals increased by 32% in Q2 2014, says Rye, Man and Gor Securities (RMG), an independent Moscow-based investment company, in their latest quarterly report published with the participation of East-West Digital News. 2014 continues to be a difficult year for …
