Digital services & Apps

Russian firms Ashmanov and Finam to chase Google in Vietnam

June 7, 2011 June 7, 2011

Moscow based web consulting firm Ashmanov & partners, together with leading Russian financial group Finam and lesser known Kazakhstani real estate developer Kusto, are set to enter the Vietnamese web search market by October, Russian business daily Kommersant wrote on Monday, citing sources close to partners in the venture. The project could receive “several hundred …

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Efim Bushmanov: “Good products can’t stay proprietary for long”

June 5, 2011 June 5, 2011

Tucked away in Syktyvkar, the capital of the Komi Republic some 1,400 km northeast of Moscow, Russian programming researcher Efim Bushmanov is getting a lot of attention. Having reverse engineered Skype protocols and then made his research available to the public via his blog just a few days ago on June 2, search queries bearing …

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Skype reverse-engineered by Russian geek

June 4, 2011 June 4, 2011

30 year-old Efim Bushmanov from Syktyvkar, the capital of the Komi Republic some 1,400 km north-east of Moscow, a self described “free lance researcher,” claims he is on the way to completely reverse-engineer Skype’s proprietary protocol and encryption systems. “My aim is to make Skype open source and find friends who can spend many hours …

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OpenDocuments become standard in Russia

June 3, 2011 June 3, 2011

As of June 1, Russian civil administrative authorities have been accepting documents submitted by citizens in electronic form, specifically in the OpenDocument Format, or ODF, an international standard for documents, spreadsheets, charts, and presentations.

VimpelCom affirms itself on HDTV market

June 2, 2011 June 2, 2011

VimpelCom brand Beeline TV has made available six additional high definition television channels in its programming package for Moscow subscribers. VimpelCom is a leading Russian and international telecoms group.

Russia’s DST funds US alternative accommodations startup

June 1, 2011 June 1, 2011

DST, the top Russian Internet investment fund, will participate in a still-undisclosed round of financing in favor of alternative accommodations marketplace Airbnb, reports TechCrunch from unnamed sources. The round is being led by Andreessen Horowitz.

Electronic invoicing will soon be a reality

May 31, 2011 May 31, 2011

Recent changes to Russia’s tax legislation will allow companies to issue and transfer electronic documents to counterparties and state authorities. In line with this, the Ministry of Finance recently published a draft order to regulate the procedure by which companies issue and receive electronic invoices.

Yandex shares oversubscribed 17 times, surge up to 60% over initial pricing

May 25, 2011 May 25, 2011

Yandex triumphantly started trading yesterday on NASDAQ, with its shares subscribed 17 times more than had been made available, reported Reuters from an unnamed source. After initially considering a $20 to $22 price range per share, the company defined its IPO pricing at $25 per share, but after trading started, the price surged to nearly …

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Tatarstan praised as a model for e-government

May 24, 2011 May 24, 2011

During a visit to Kazan’s IT-Park earlier this month, presidential aide Arkady Dvorkovich praised Tatarstan for successfully implementing e-government at the local level. For example, now a couple wanting to marry can file an application online with a registry office, and parents can apply via the Internet for a place for their child at a …

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Yandex in review: An exclusive series on EWDN

May 23, 2011 May 23, 2011

Yandex looks to raise up to $1.1 billion offering 52 million shares between $24 to $25 a share, up from an initially considered price of $20 to $22, commanding a market value around $7 billion. Yandex will list on the NASDAQ under the symbol YNDX starting from May 23, 2011. In light of this IPO, East-West …

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Seven things you need to know to be a Yandex expert

May 20, 2011 May 20, 2011

1. Yandex is more than a search engine Since its launch in 1997, not only has Yandex become Russia’s number one search engine. Beyond its estimated 55% to 64% share of the search market, Yandex is an integrated Internet company leading in such areas as online maps and location based services, news aggregation services, streaming music …

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Yandex vs. Google: Why the US giant failed to conquer Russia

May 19, 2011 May 19, 2011

Since 2002, Yandex has established itself as the leader of the online search market in Russia. Not only did it leave its Russian competitors in the dust – nowadays Mail.ru commands less than 8% of the search market and Rambler less than 2% – it has also successfully resisted Google’s offensive. Technologically, the initial Yandex …

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