International

Internet “not free” in Russia, says US watchdog

Freedom House, a US-based NGO monitoring the progress or restriction of human freedoms as it perceives them around the globe, has published its most recent Freedom on the Net 2016 report, the sixth in its series. In its findings, the NGO assigns Russia the “not free” status, while the country was considered to be “partly free” and “relatively uncensored” …

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LinkedIn blocked in Russia: A welcome warning for global players?

Earlier this month the Russian telecom regulator Roskomnadzor blocked access to LinkedIn for non-compliance with recent legislation on personal data storage. EWDN chief editor Adrien Henni analyzes the significance of this move far beyond Russia’s borders.   Adopted in 2014 and applicable since September 2015, the law requires companies operating in Russia to store Russian …

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High technologies should not be demonized, but do “represent an objective threat” to businesses, says Putin

Earlier this week Russian president Vladimir Putin said that, while new technologies such as Uber or Alibaba should not be demonized, they may still threaten the traditional economy in the future. “I believe that [new] business models are not a threat to existing ones. They represent a new way of organizing things which businesses consider as being …

High technologies should not be demonized, but do “represent an objective threat” to businesses, says Putin Read More

Russian e-commerce and e-payments professionals invited to leading international event (Berlin, Feb. 14-16)

Payment and e-commerce professionals from all across Europe, including Russia, are cordially invited to the international Merchant Payments Ecosystem (MPE2017) conference and expo, which will take place in Berlin, February 14-16, 2017. Europe’s top event about merchant payments, MPE 2017 is about CX, POS and card acquiring. It will feature 300+ CXOs and MDs, 150+ speakers, 1000+ of participants …

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Russian research institute provides Samsung with code analysis tool

Samsung has partnered with the Institute for Systems Programming of the Russian Academy of Sciences (ISP-RAS) to use a tool for static program analysis developed by the ISP’s researchers. Russian business daily Vedomosti reported about this partnership last week, based on exchanges with the ISP’s director Arutyun Avetysyan and Marat Guriev, GR Director at Samsung Electronics CIS. Samsung has invested …

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Russian sovereign fund makes new investment in Hyperloop One, aims to develop new projects with US and Asian partners

Russia’s sovereign fund RDIF has “increased by several times” its investment in Hyperloop One, the Californian startup which aims to commercialize next-gen transportation technologies. The transaction — which was part of Hyperloop One’s latest round of funding last month — was revealed on Saturday at the APEC summit in Lima by the fund’s CEO Kirill Dmitriev. Dmitriev presented Dubai port operator DP World, which led the …

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Opera Software closes its Russian office, receives censorship request from state regulator

Opera Software is to close its Russian subsidiary, leaving a staff of two in the country, down from 10 currently, the Russian media have reported. The move might be part of the company’s global strategy, in which emerging markets are now less of a priority than in the past, local representative Mikhail Zaitsev told business daily Vedomosti. In addition, Opera Software’s …

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Bonusway secures €6.9 million in equity and debt financing to develop Russian cash-back platform 

Bonusway, a company which operates cash-back platforms in Finland, Russia, Sweden and Turkey, has received a capital injection of €3.7 million from Buran Venture Capital, a VC firm with Russian and Hungarian roots, and Finnish fund Vision Plus. A €3.2 million bank loan has been provided by Nordea and Finnvera as an additional part of the package. …

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Access to LinkedIn officially blocked in Russia

Since this morning, many LinkedIn users from Russia have not been able to access the site. Local Internet service providers have started to block access to the site following as requested by telecom regulator Roskomnadzor. In a short statement, Roskomnadzor cites a Moscow court decision from August, according to which LinkedIn has failed to comply with the Russian legislation on personal data storage. This initial court decision was …

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Russian online rental service launches in Ukraine

In early November The Locals, a Russian online platform for apartment rentals, made its debut in Ukraine — just days after Yandex.Taxi, another service from Russia, entered the market. Launched in 2010, the service covers Russian cities Moscow, Saint Petersburg and Kazan. Following the extension to Kyiv (Kiev), The Locals is planning launch in Warsaw and Tel Aviv “in a couple of …

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Russian fund Pulsar Venture Capital opens representative office in Ireland

Yesterday Pulsar Venture Capital, an early-stage investment fund from Kazan, Russia, announced the opening of a representative office in Dublin. Pulsar sees Ireland as “one of the best international platforms for scaling business in Europe” through “the engagement of top technological companies and international investors,” said Pulsar’s CEO Pavel Korolev. The Dublin representative office will also work on technology transfers, …

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