Internet

Stock of online retailer Utinet.ru fails to attract many investors

The stock of the leading consumer electronics retailer Utinet.ru that was introduced last week on MICEX, one of the two Moscow stock exchanges, didn’t attract much investor interest during its first days of trading. This Monday the volume of trading of Utinet.ru stock totaled just 3.7 million rubles, or slightly over $130,000, while the offer …

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Medvedev praises World of Warcraft’s historical background, calls to create Russian analog

Russian president Dmitry Medvedev called upon Russian game developers to create “something similar to World of Warcraft” based on Russia’s own national history. “We should pay more attention to computer games based on history. The majority of them are based on pseudo-history, i.e. fantasy style stories,” the president said. “World of Warcraft, besides its destructive …

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Mail.ru Group a “trash holding,” says Vkontakte founder

Pavel Durov, founder and shareholder of Russia’s leading social network, Vkontakte.ru, referred to LSE-listed Mail.ru Group as a “trash holding” on Twitter last Friday. The message was accompanied by an explicit picture of his “official answer to Mail.ru Group’s last attempt to absorb Vkontakte.”

Russian photo service company backed by Nordic and Belgian investors

The CapMan Russia fund, in collaboration with Belgian investment company Gimv NV, announced last week it has provided an undisclosed amount of growth capital to Expert Photo, a leading provider of online and offline photo related services in Russia.

Moscow to be ready for electronic elections by 2016

Muscovites will be able to vote in the 2016 elections through the Internet. “We will be technologically ready to conduct electronic elections in 2016 and we will offer such opportunity,” the head of the city’s information technologies department Artem Ermolaev told Russian news agency RIA Novosti.

Rostelecom demonstrates cloud service for multifunctional e-government centers

Russia’s national telecom operator Rostelecom has introduced its cloud solution for the creation of multifunctional e-government service centers for Russian citizens, the company announced in a news release last week. The new service was demonstrated as part of the Innoprom innovations-related exhibition held last week in Ekaterinburg.

Nizhny Novgorod to offer free Wi-Fi on the streets

Authorities in Nizhny Novgorod, Russia’s fourth largest city, have announced plans to launch wireless Internet Wi-Fi free for users on the central streets of the city, the Business Monitoring Agency reports citing Head of city administration Oleg Kondrashov.

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