International

Seedstars invites innovation lovers to Nur-Sultan, Kazakhstan (Nov. 20-22)

October 10, 2019

Seedstars, the leading emerging market startup community and investor, has chosen Nur-Sultan, the capital of Kazakhstan previously known as Astana, to host a Regional Summit of Central Eastern Europe and Central Asia during three days in late November 2019.  Presenting itself as “a catalyst to facilitate the best business and investment opportunities in the region,” …

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Steel giant Severstal aims to attract innovators from across the world

November 12, 2020

Last week Severstal, the Russian steel and mining giant, announced the launch of its open innovation portal. Made available in both Russian and English languages, the site features Severstal’s existing initiatives for cooperating with startups, innovative teams and industry experts from across the world. These include the Severstal tech park, the Steel Tech startup accelerator, two investment vehicles (Severstal Ventures …

Steel giant Severstal aims to attract innovators from across the world Read More

Moscow’s EdCrunch to gather 300 international experts and 20,000 attendees (Oct. 1-2)

October 3, 2019

Held in Moscow for the 6th time under the aegis of the Russian government, the annual EdCrunch is one the largest edtech events in Europe. It is also a unique discussion platform for educational experts, scientists, teachers, parents, methodologists, HR specialists and business entrepreneurs from all over the world, in a word, everyone who is interested …

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French carpooling giant BlaBlaCar to acquire bus ticketing platform Busfor

November 12, 2020

BlaBlaCar, the carpooling giant born in France, aims to expand on a new market segment with the acquisition of international bus ticketing platform Busfor. The news was reported today by business daily Kommersant, which cites exchanges with BlaBlaCar’s CEO Nicolas Bruisson and Busfor co-founder Ilya Yekushevsky. The deal, which is still subject to regulatory approval, …

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Russian hacker pleads guilty in massive consumer data theft in the USA

September 25, 2019

A Russian hacker has admitted to his participation in one of the largest thefts of consumer data from U.S. financial institutions, brokerage firms, and other companies, the US Justice Department says. Manhattan US Attorney Geoffrey S. Berman said Andrei Tyurin pleaded guilty to computer intrusion, wire fraud, bank fraud, and illegal online gambling offenses, the …

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Legionfarm raises $1.5 million to develop coaching and hiring services for online games

September 24, 2019

Legionfarm, a Russian-founded platform for training and hiring professional gamers, has secured $1.5 million, the Kommersant business daily reported yesterday. The bulk of this amount, $1.4 million, was contributed by TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, while the remaining $100,000 came from Denis Smetnev, a co-founder of Russian edtech startup SkyEng …

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Calvey case: Charges are falling apart

September 20, 2019

The charges against Baring Vostok executives could fall apart as investigators have re-appraised the value of shares of a bank which was central to the case. These shares were handed over by Baring Vostok to Vostochny Bank as part of a loan repayment; and their value was, in reality, many times higher than the amount …

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Open Innovations 2019: “A leap forward towards intelligent economy” (Skolkovo, Oct. 21-23)

September 17, 2019

Held in Moscow since 2012 under the aegis of the Russian government, the annual Open Innovations forum is one the the largest industry events in Europe. It is also a unique discussion platform for all participants of innovation ecosystems. The forum’s main goal is to develop and commercialize new technologies; to raise awareness about technology brands; and to create new tools for international cooperation …

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August 2019 in Eastern Europe: Sberbank extends its empire, US automation leader buys Ukrainian startup, Belarusian VR suit tested in zero-gravity

September 13, 2019

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. The August review highlights the …

August 2019 in Eastern Europe: Sberbank extends its empire, US automation leader buys Ukrainian startup, Belarusian VR suit tested in zero-gravity Read More

Russian gaming giant Playrix invests in Belarusian Vizor

September 12, 2019

The thriving Belarusian online gaming scene saw an important move last month with Playrix, a global Russian-founded gaming giant, investing in local leader Vizor, as reported by the local media. The details of the deal were not disclosed, but the companies presented it as “a strategic partnership,” while Vizor shareholders claimed they gave priority to “smart …

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Russian senators say political interference should make Google and Facebook “shiver in their spines”

September 13, 2019

Today the Russian Federation Council’s Commission on Protecting State Sovereignty and Preventing Foreign Interference met for the first time since nationwide local elections on September 8. As usual, the senators warned that anti-Kremlin opposition leaders and U.S. media companies pose an existential threat to Russia. Meduza offers a rough summary of the most colorful remarks …

Russian senators say political interference should make Google and Facebook “shiver in their spines” Read More

Russia’s Sberbank and Singapore’s Trafigura secure oil sales transaction via blockchain

September 12, 2019

Russia’s largest bank Sberbank and Trafigura Group Pte. Ltd of Singapore made a pilot blockchain transaction as part of a West Siberian oil sales deal during Russia’s Eastern Economic Forum on September 5, Sberbank said in a press release. Sberbank purchased from Trafigura its accounts receivable of a major Turkish trader. Sberbank and Trafigura agreed on the …

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