As Russia seeks to develop and diversify international cooperation in the field of technologies, RVC, its state-owned fund of funds for innovation, announced last month that it will open a representative office in Seoul. “Among its key objectives will be to assist Russian technological companies in promoting Russian products and services on the Korean market, …
Russia seeks to bolster tech ties with South Korea Read More
Russia’s banking sector is being shaken up by new entrants armed with the latest technology, but the process is proving anything but smooth for some of these pioneers. Just months ago, as reported by East-West Digital News, Otkrytie, a major Russian bank, announced the acquisition of mobile banking startup Rocketbank. Almost simultaneously, Instabank, another mobile banking startup with a strong social …
Pure players and mobile operators shake up Russian banking sector Read More
While the most popular online payment methods are online banking and bank cards used online, with 80% and 79% of Russian Internet users, respectively, using these methods regularly, no less than 62% pay with e-wallets. Just 47% utilize SMS-payments. These are some of the key findings of a recently published TNS survey, which was made …
Russia has been ranked third worldwide in terms of the stability of its national Internet when facing possible breaches. Only the UK and U.S. networks are deemed to be more reliable. One of the main advantages of the Russian segment of the Internet, also known as RuNet, is its extensive infrastructure: there are more than …
Russia ranked 3rd worldwide in terms of Internet network stability Read More
Russia has seen a dramatic rise in criminal prosecutions on charges of “Internet extremism” over the last few months. Yet most of these cases concern not the creation of extremist content but retweeting, liking or reposting it. Russia Beyond The Headlines, a publication owned by government newspaper Rossiyskaya Gazeta and a syndication partner of East-West …
Jailed for a repost: The definition of extremism in Russia gets ever looser Read More
Since the beginning of this year, at least six corporate venture funds have been launched or started operations in Russia. Four of them were created by AFK Sistema, a Russian, LSE-listed conglomerate. Sistema Venture Capital, the most recent one, started operating last month in Moscow. It has raised 10 billion rubles (approximately $154 million at the current exchange rate) to support globally-oriented …
Russian corporations launch giant startup investment programs Read More
Policymakers, doctors and scientists from both the Netherlands and Russia gathered in Moscow last month under the auspices of the Russia-Netherlands bilateral health working group to exchange ideas and share expertise about e-health solutions. “In the Netherlands, the healthcare sector is aware of the necessity to join forces for smart solutions for sustainable healthcare. This can …
How e-health could revolutionize Russian healthcare: the Netherlands shares its experience Read More
Famous for weapons production and cakes, Tula – a city 180 kilometers south from Moscow – is also home to tech startups. At first glance, this is a typical sleepy Russian provincial capital, far from the world of modern high-tech. Time flows slowly here. The old merchant mansions and Soviet apartment buildings seem to keep the two million residents in a state …
Tech billionaire Elon Musk is known for being a bit eccentric. Last year, he blew up the internet when he told a Bloomberg reporter that he would like to die on Mars, but that his family “fears Russia will assassinate me [first].” Contemplating the prospects for a heated competition between Roscosmos and private US aerospace …
Red scare: Military analyst muses over Musk’s fear of ‘Russian assassins’ Read More
Touch Bank, a digital-only bank launched last year in Russia, already claims 70,000 clients across the country, with the customer base growing at an average rate of 10,000 new customers a month. While initial launch products for the Russian market were credit card, cash loan, deposit account, and current account, as well as a cash-back loyalty program, the bank has gradually started …
Touch Bank CEO Andrei Kozliar on how to create a digital-only bank in Russia Read More
Some of the Russian Internet’s biggest “entertainment websites” aren’t formally registered as media outlets, but for millions of young people they are trusted and beloved sources of news and information. Visitors populate these communities with their own “demotivators” and GIFs, often creating mashups and memes more popular than any articles or photo galleries published in …
How viral websites replace news media for Russia’s younger generation Read More
Located twenty miles from Novosibirsk, Akademgorodok, which literally means ‘academic town,’ was established in 1957. It quickly became a major Soviet scientific hub, with talented researchers settling there from all the country. After the fall of communism, however, salaries and funding collapsed. But Akademgorodok managed to attract a number of foreign companies including IBM, Intel and Schlumberger, …
Akademgorodok: The last Soviet utopia, or the next Silicon Valley? Read More
