Internet

RBC revamps Autonews.ru portal

Moscow – RBC OJSC (MICEX-RTS: RBCM) hereby announces the launch of a new version of automotive news portal Autonews.ru. Modern design and high-quality visual content provide users with a convenient way of accessing up-to-date information about automobiles, the automobile market, and services. Additionally, the website’s advertising capacity has been increased by adding advertising space and increasing the size …

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Russian army develops cyberattack defenses

Experts say cyber viruses are no longer a threat only to home networks, but are increasingly being used as dangerous weapons aimed at state networks. In this context, the Russian Ministry of Defense has decided to create a specialized network command to protect the information structures of the Russian state. According to media reports, Russia’s …

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E-Commercefacts.com to cover Russian online retail scene with East-West Digital News

Woerden, the Netherlands, and Moscow, Russia – As cross-border sales to Russia already amount to several billion dollars per year, E-Commerce Facts, a leading European resource on e-commerce, and East-West Digital News, the first international resource on Russian digital industries, are teaming up to provide international audiences with full coverage of the fast-growing Russian e-commerce …

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Moscow startup enables Russians to work online from home for leading companies

Workle, a Moscow-based startup, is developing an Internet platform that enables residents of Russia’s regions to work for leading banks, insurance and tourism companies on a remote basis. The award-winning startup has plans to serve up to 500,000 Russian residents this year – a five-fold increase from its 2012 results, said Vladimir Gorbunov, the CEO of Workle.

Mail.Ru Group Limited preliminary trading statement for the full year 2012

Mail.Ru Group Limited (LSE: MAIL, hereinafter referred as “the Company” or “the Group”), a leading Internet company in the high-growth Russian-speaking Internet market, today provides the following preliminary unaudited segment financial information and key operating highlights for the full year ended 31 December 2012.

Social video platform Virool raises giant $6.62 million seed round

Virool, a San Francisco-based startup founded in 2011 by a Russian team, has announced that it raised $6.62 million from leading venture funds and business angels. The operation actually took place several months ago, two sources close to the deal told East-West Digital News, but was announced only last week. A Y-Combinator graduate, Virool defines itself as …

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Cross border sales operator BayRu named US ‘Exporter of the Year’

Illustrating the booming growth of online cross border sales, BayRu (Bay.ru), an Ilinois-based operator selling goods from the USA to Russian consumers, has been named a 2013 Exporter of the Year award winner by ThinkGlobal Inc., publisher of Commercial News USA, the official export promotion magazine of the U.S. Department of Commerce. Criteria on which …

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Tinkoff Credit Systems named Russia’s Bank of the Year, praised for innovative high tech model

Moscow – Tinkoff Credit Systems (TCS Bank) dominated the annual banki.ru Bank of the Year awards, scooping the flagship award of Bank of the Year and also being named Internet Bank of the Year. Back-office chief Artem Ishonin won the Client Facing category based on readers’ votes for the best telephone hotline. “We are absolutely delighted …

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Piracy in Russia’s music market eclipses legitimate sector – RIAA

The Recording Industry Association of America (RIAA) issued a statement earlier this month showing that in music markets such as Russia and China, “the levels of piracy are so great that they essentially eclipse the output of the legitimate sector.” Commenting on this year’s broader annual “Special 301” report to the U.S. Trade Representative (USTR) …

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Yandex announces fourth quarter and full-year 2012 financial results

Moscow and The Hague, Netherlands – Yandex (Nasdaq:YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced its financial results for the fourth quarter and the full year ended December 31, 2012.

Rambler shuts down services to focus on news aggregation, seeks co-investor for Rambler-Avia, Price.ru and Begun

The Rambler.ru portal, a property of the Rambler Afisha group, is shutting down some of its services. The mapping, photo hosting and dictionary functions, as well as the ‘Rambler-Plus’ e-currency, are being completely stopped, while the air ticket search engine ‘Rambler-Avia’ will not be developed further, the group announced earlier this month. Even though some …

Rambler shuts down services to focus on news aggregation, seeks co-investor for Rambler-Avia, Price.ru and Begun Read More

Fastlane founder Pascal Clément’s new tech fund invests around the world

Pascal Clément, the Moscow-based French entrepreneur who co-founded Fastlane Ventures, has broadened his investment focus to include a range of new countries through a new investment vehicle, christened Simile Venture Partners. Since it launched in June of last year, Simile has been investing at the seed or early stages “in any geography where market opportunities …

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