Recent changes to Russia’s tax legislation will allow companies to issue and transfer electronic documents to counterparties and state authorities. In line with this, the Ministry of Finance recently published a draft order to regulate the procedure by which companies issue and receive electronic invoices.
Ambitious Russian social games developer Pixonic has just closed its third round of financing, raising $5 million from Russia’s Kite Ventures, Ukraine’s Take Advantage Venture and France’s Ventech. Founded in late 2009, Pixonic has already launched over 30 games on 13 different social networks.
Mail.ru Group, the top Russian Internet group, has released Target, its new synonymously named targeted advertising tool with enhanced ability to reach users of Odnoklassniki and MoiMir, its two major social networks.
A few months after the first mass market GLONASS+GPS car navigation devices appeared on the Russian market, supply has been rising rapidly and prices have started to fall. Two navigators, the Lexand SG-555 and the Explay GN-510, were introduced fewer than two weeks ago by their producers, Lexand and Explay, at the recommended retail prices …
Russian GPS+GLONASS car navigator market hit by price war Read More
Speaktoit, a Russian mobile and Internet chatbot developer, and PiratePay, an antipiracy startup recently awarded grant funding from Microsoft, have been included on the Red Herring Top 100 Europe listing this year.
Utinet.ru, a major Russian online retailer specializing in notebooks and other electronic goods, has set early July as the target for its planned IPO on the MICEX stock exchange in Moscow, according to Mikhail Ukolov, the group’s Managing partner speaking on an online conference organized last week by Finam, a leading Russian financial company. This …
Parallels Research, an international research center owned by Parallels, announced last week it has received a 150 million ruble grant ($5.3 million) from the Skolkovo Foundation for cloud computing research and development. The research center will get another 150 million rubles from its parent company Parallels.
As of June 1, VimpelCom, a leading mobile operator in Russia under the Beeline brand, will begin testing their wireless payment system, developed by Ambiq Technologies, in the St. Petersburg subway system. The mobile phone add-on was unveiled two months ago by Ambiq Tech St. Petersburg, the Russian branch of American company Ambiq Technologies.
Intel intends to close its R&D center in the Sistema-Sarov technopark in order to consolidate its offices in Nizhny Novgorod, Interfax reports. The decision was reportedly made in light of the considerable maintenance costs for an office with a relatively small staff, as well the need to optimize the company’s office structure and make its …
Sarov technopark: Nokia Siemens Networks becomes resident, Intel leaves Read More
Presented as the brainchild of Prime Minister Vladimir Putin, the Agency for Strategic Initiatives (ASI) has appeared on the scene as a major element in Russia’s state sponsored innovation policy. Though making its fist public debut only three weeks ago, the project appears to have been duly prepared, as witnessed by the agency’s brand new …
Putin creates powerful innovation agency; Skolkovo could lose momentum Read More
Rostelecom Yug, the regional subsidiary of national telecommunications operator Rostelecom, will invest one billion rubles (approx. $35 million) to develop Sochi’s telecommunication infrastructure, the company announced. The funds will be used, in particular, to build an undersea fiber-optic cable in the Dzhubga-Sochi-Vesely area, to modernize power unit equipment, and to reinforce and digitalize the telecommunications …
Rostelecom to invest 1 billion rubles in Sochi’s telecommunications Read More
Travelmenu.ru, a site offering a suite of travel products including hotels, flights, and vacation packages, announced yesterday that it has raised $1.6 million in growth capital from Almaz Capital Partners and Runa Capital, two important venture capital firms in Russia. The funds will be used “to invest in a direct-to-consumer marketing campaign and build additional …
