International

Russia aims to attract foreign investors to build giant medtech cluster in North Caucasus

A giant medical technology cluster could be built in Mineralnye Vody, a city in Southern Russia, with participation from Russian and foreign private investors. The project may require an investment of 162 billion rubles (about $2.5 billion at the current exchange rate). The Russian government would contribute a quarter of this amount, or 40 billion …

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Russia considers restrictions to foreign capital ownership of online video companies

Russian industry lobbies and lawmakers are preparing changes to the legislation on online video content. According to an advanced draft bill analyzed by Kommersant, the owners of independent online streaming companies with over 100,000 daily views will be required to reduce the share of foreign capital to 20% or less by March 1, 2017. A …

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Mail.ru Group acquires mobile game firm Pixonic for $30 million

Yesterday Mail.ru Group, a major Russian Internet company, announced the acquisition of Moscow-based mobile game developer and publisher Pixonic. The LSE-listed group has acquired 100% of the company for $30 million in cash, including $20 million upfront and $10 million deferred and based on performance indicators. Gaming is one of the key activities of the group, whose …

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Russia’s Sberbank joins international blockchain project

Under an agreement signed last week with the Linux Foundation, Sberbank, the Russian savings giant, is joining the Hyperledger Project. Launched in December 2015, the Hyperledger Project defines itself as “a collaborative effort created to advance blockchain technology by identifying and addressing important features for a cross-industry open standard for distributed ledgers that can transform the way …

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Amazon Kindle scam, Russian style

Emma Moore could have been the health and weight loss guru you spent your life looking for. You might be forgiven for not knowing her work — after all, she has a common name, one that she shares with other similarly successful authors on Amazon. Until this week, she had dozens of health, dieting, cooking, and …

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Russian tech billionaire Kaspersky caught in cyber Cold War crossfire

Eugene Kaspersky, the Russian founder of the global software security firm, insists he is non-partisan in a new Cold War that increasingly utilises cyberwarfare to interfere with national politics. In an interview with bne IntelliNews, Kaspersky says allegations that Russia was behind a recent attempt to sabotage Hillary Clinton’s bid for the US presidency was …

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Blablacar starts to monetize in Russia

BlaBlaCar, the Paris-based global ridesharing giant, will now take a fee from passengers for every booking in Russia and neighboring countries. Since the company launched in the area in 2014, passengers had enjoyed free access to book their trips. They only had to pay cash to the driver to share riding costs. Blablacar says that its approach is to …

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Russian airline owner to challenge Musk, Bezos in space

A Russian airline entrepreneur wants to join the space race, challenging Elon Musk’s Space Exploration Technologies Corp. and Jeff Bezos’ Blue Origin LLC with a plan to launch commercial rockets. S7 Group, the owner of Russia’s S7 Airlines, agreed to buy the floating rocket platform Sea Launch from a group of investors and aims to restore its operations after a …

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EBRD might resume activity in Russia next year

The London-based European Bank for Reconstruction and Development (EBRD) is considering to resume operations in Russia starting from next year, according local media reports. The bank’s shareholders might take their decision (positive or negative) in December or January, online publication Gazeta.ru wrote last week, referring to “an unnamed source close to the bank.” Contacted by …

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Moscow city drops Microsoft on Putin’s call for self-sufficiency

Moscow city will replace Microsoft Corp. programs with domestic software on thousands of computers in answer to President Vladimir Putin’s call for Russia’s authorities to reduce dependence on foreign technology amid tensions with the U.S. and Europe. The city will initially replace Microsoft’s Exchange Server and Outlook on 6,000 computers with an e-mail system installed by state-run …

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Mail.ru Group launches social network and online games in Asia

Russia’s second most popular social network, Odnoklassniki.ru (Russian for “Classmates”), owned by Mail.Ru Group, has expanded to China, Iran, Iraq and Macao, Izvestia reported last week. On August 31, the network’s new Android app was launched under the OK.RU brand in these countries, the Russian newspaper learned from unnamed sources close to the company. When …

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Leading brain hackathon invites Russian tech professionals to Budapest (October 8-9)

Russian tech enthusiasts are cordially invited to the Brain-Computer Interface hackathon, which is arguably the largest brain hackathon in the world. The event will be held on October 8-9 in Budapest, Hungary. Anyone interested in brain-machine interface, brain-computer interface, robotics, augmented reality, virtual reality, machine learning, sensors, human-machine interface systems, control, signal processing, big data, haptics, …

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