International

Twitter agrees to move user data to Russian servers

April 20, 2017

The Russian telecom regulator Roskomnadzor announced today that Twitter has agreed to the transfer its Russian users’ data to Russian servers by mid-2018.   Twitter’s communications head Sinead McSweeney has informed Roskomnadzor that the company is currently “in the process of determining what information about Russian citizens and organizations in commercial relations with Twitter in Russia can be stored in …

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3D modelling app maker GeoCV secures $1.8 million from Runa Capital and Emery Capital

April 19, 2017

GeoCV, a New York-headquartered startup with Russian roots, has secured $1.8 million from Runa Capital, a venture fund with Russian roots operating globally, its existing investor Moscow-based fund Emery Capital, and several US business angels. The funds will be used to develop the product and develop sales in the US market. “Our goal is to become …

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SaaS e-commerce startups from across Europe invited to international acceleration program

April 19, 2017

EGI Booster, one of the very few e-commerce startup accelerators on the global tech scene, is inviting startups to participate in its first session, which will start in May 2017. Applications are open until April 30. Startups from anywhere in the world are eligible, but EGI Booster has a strong interest in startups from Eastern Europe,which usually demonstrate …

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Russian developers and designers invited to global hackathon

April 18, 2017

Russian developers and designers of web and mobile applications are invited to AngelHack 2017, a series of 24-hour hackathons held in 29 countries worldwide. In Russia, the hackathons will be held in Innopolis (April 22-23), Kaliningrad (May 27-28), Saint Petersburg (June 3-4) and Moscow (June 10-11), following a first event in Novosibirsk on April 15-16. Participants …

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Startup investment in Central and Eastern Europe: A ground-breaking research

October 12, 2017

Already recognized for their engineering excellence, several countries of Central and Eastern Europe (CEE) are now emerging on the global startup scene. Thus for the past couple of years Belarus, Estonia, Russia, Ukraine and some other countries of the region have seen their local companies assert themselves on the international market, raise considerable funding and/or be acquired …

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Google, Yandex and antimonopoly authority reach settlement on Android in Russia

April 17, 2017

Russia’s Federal Antimonopoly Service (FAS) announced today the end of a two-year legal procedure with the involved parties reaching a voluntary settlement in a Moscow arbitration court. “The settlement will help eliminate the violations of the antimonopoly legislation previously detected and will ensure competition on markets of mobile applications, especially mobile search,” stated the FAS. In a case launched in February 2015 by …

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Airbnb closes Russian subsidiary

April 15, 2017

Airbnb has shuttered its Russian subsidiary in a bid to simplify the company’s operating structure across the globe. The company has decided that it was “easier” to conduct operations through their offices in Berlin, Dublin and London, said company spokesperson Yekaterina Kukureko. “Therefore, there was no reason to keep the Russian subsidiary open.” “We remain committed to …

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Polish fintech accelerator offers up to €45,000 to Russian startups (applications until April 17)

April 12, 2017

Russian startups are invited to participate in the fourth edition of a 16-week acceleration program Huge Thing in Warsaw, Poland. Kicking off on June 5, the program targets primarily fintech startups with global potential and an MVP. These include augmented reality, Internet-of-Things, blockchain, cyber security, payments, artificial intelligence and biometrics startups. The selected teams will …

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Facebook and other global digital giants agree to pay Russia’s new VAT on digital content

April 17, 2017

Facebook will pay Russia’s new 18% value-added tax as a foreign company selling digital content in Russia. The social network has joined a hundred other foreign companies that have registered to pay the VAT with Russia’s tax service. Among these companies are Alibaba, Amazon, Apple Distribution International, Bloomberg, Financial Times, GoDaddy, Google Commerce Ltd, Microsoft Ireland, Netflix International B.V., …

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The Russian edtech market: A new research by top market players with EWDN support

January 7, 2019

East-West Digital News has supported leading Russian and international organizations to offer the first-ever study about the embryonic but promising market of education technologies in Russia. The research aims to analyze the Russian edtech market in its various dimensions, highlight its trends, key players, business models as well as the related investment activity and legal environment. Special focus …

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Corporate venturing and innovation: An invitation to major event in London (May 23-24)

April 5, 2017

The GCV Symposium has asserted itself as the leading global event for corporate venturing professionals, attracting more than 400 business leaders every year. This year, in partnership with EWDN and Marchmont News, a special Eastern Europe Session will highlight the growing connections between corporations and startups in these countries —  from incubation, to investment, to acquisition, to other forms …

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AliExpress launches first e-commerce live video service in Russia

March 31, 2017

AliExpress, the Alibaba subsidiray, has just launched ‘AliExpress LIVE,’ a video service which allows customers to buy the displayed goods immediately. Thus sellers, bloggers and brands will benefit from a new channel to promote their offerings on the marketplace in connection with social networks. The video service is available only to brands and bloggers approved by AliExpress. There …

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