iHerb, one of the most successful international e-commerce companies in Russia, aims to take advantage of this country’s large tech talent pool through the creation of a local IT division. Under plans, the first local IT team will start activities in the course of this quarter. It will include programmers, mobile developers, software testers, web designers …
Following amendments to the Russian tax code which were adopted in July 2020, Russian software developers may, starting from Jan. 1, benefit from significant tax cuts. The new tax regime provides: Reduced rates on the taxes on profit: from 20% to 3% for federal taxes and to 0% for regional taxes; A reduced rate on social security …
This deal might look modest in amount, but it is a very rare case of a Russian acquisition in Germany in the field of IT. Softline, a Moscow-headquartered international solution and service provider, is taking control of the almost eponymous German IT company Softline AG. The Russian group has agreed to acquire 63.38% of the German company, which is listed …
Russian 3D rendering company Megarender has secured $3 million from Scalo Technologies, a firm launched earlier this year to invest in artificial intelligence and B2B cloud services. Megarender facilitates access to powerful servers to increase considerably the speed of 3D rendering. Customers may thus use such software as 3ds MAX, Arnold, Blender, Cinema 4D, Corona Renderer, …
New Russian AI and cloud investment firm backs 3D rendering company Megarender Read More
President Vladimir Putin’s plans for digital businesses to help power Russia’s economic recovery from the coronavirus pandemic by giving Russia one of the lowest tax rates in the world for IT companies might not be what they seem, analysts told The Moscow Times. In an address to the nation in June, Putin hailed the Russian IT sector’s …
Russia’s ‘IT tax maneuver’ could bring cash to the budget, not to IT companies Read More
In a televised address to the nation Tuesday, Putin also announced big tax cuts for the IT sector, apparently a bid to “turn Russia into India” by using tax incentives to attract and retain tech entrepreneurs. Putin claimed that, even in the midst of a pandemic, it was clear how the Russian IT sector has …
A Russian government agency has proposed banning the use of foreign information technology for critical national infrastructure, a draft government order shows, as Moscow moves to step up its control over the internet within its borders. The Federal Service for Technical and Export Control (FSTEC) has proposed increasing the technological sovereignty of critical infrastructure, systems …
Russia proposes banning foreign IT for critical infrastructure Read More
Sberbank, the Russian financial and technological behemoth, is preparing “Russia’s fastest supercomputer” for commercial launch. This computational capacity was unveiled at an industry conference last month by Sberbank CEO German Gref in presence of President Putin . The supercomputer will be made available to customers of SberCloud, Sberbank’s cloud solution, starting from December 12 as scheduled by the …
Sberbank makes AI-oriented supercomputer available to organizations “of any size” Read More
The average cost to develop a mobile app in Eastern Europe is $23,000 versus $171,450 in the US, according to SmartBrain (also known as Rubrain), a San Francisco-based marketplace for IT contractors. The company analyzed data from more than 400 deals between Eastern European contractors and international startups and found out that developing a new app …
Building a mobile app in Eastern Europe is seven times more cost-effective than in the US Read More
Last week German development finance institution DEG announced it provided equity funding to DataArt, a leading global developer of complex IT solutions. The amount of the deal was not disclosed. Alongside DEG, this venture round was backed by Da Vinci Capital – a major EBRD-backed and PE firm focusing on Russia and neighboring countries which already provided funding to …
LINAGORA is honoured to invite you to a conference that will take place in Moscow on the 5th of June just before St Petersburg International Economic Forum-2019 (June 6-8). The conference is dedicated to the issues and challenges of the digital economy and as well to cooperation between Russian and French digital ecosystems. Participants will …
French-Russian conference: How to develop a “third digital way” (Moscow, June 5) Read More
US industry association IAOP has just released a new edition of its annual Global Outsourcing 100 ranking to identify what it judges to be the best IT outsourcing service providers in the world. This year’s ranking, unlike for the previous editions, features “companies that have led the development of the industry, as reflected in their place on …
