According to Aviasales.ru, Russian travellers booked 15% more tickets through its air ticket online booking platform for this May holiday season than in the same period of pre-covid year 2019. The company also notes that 95% of the tickets were sold for domestic routes vs. 75% before the pandemic. The most popular international destinations this year were Turkey, …
Russian travel segment is recovering fast from the pandemic Read More
Yandex Music announces today The Sound of Stars, a playlist of audio compositions celebrating the 60th anniversary of the first human flight into space. To create the playlist, the Yandex Music team used algorithms to convert the physical properties of stars, pulsars and galaxies into music, with each of the nine tracks dedicated to a …
‘The Sound of Stars:’ Yandex Music uses algorithms to turn cosmic bodies into art Read More
A new Russian tech billionaire emerged last week on the NASDAQ with the SPAC-enabled listing of Arrival, a company touted as a game-changer in the electric car industry. Born 42 years ago in the Soviet republic of Georgia, Denis Sverlov founded in first company — an ERP integrator called IT Vision — in 2000, immediately after graduating the …
This former Russian deputy minister is now worth $10 billion after NASDAQ IPO Read More
Ford is set to become the first automaker to launch mass production of electric vehicles in Russia, the Kommersant newspaper has reported. The U.S. car giant, through a joint venture with Russian firm Sollers, will start making electric versions of its Ford Transit vans at a plant in Russia’s republic of Tatarstan from 2022, a company …
Ford to become first mass producer of electric vehicles in Russia Read More
Startup Recipe, a leading South Korean startup media and a partner of East-West Digital News, has just released its 2020 Startup Investment Report. The report contains key facts, numbers and trends on this country’s startup investment and ecosystem, as well as information from the concerned startups and investment companies. The South Korean startup ecosystem was …
Report: South Korean startups revitalized with $3.6 billion injected in 2020 Read More
Did you know Lithuania ranks #4 in the world for its fintech ecosystem; #11 for ease of doing business; and #1 for the speed of its public Wi-Fi? No wonder why this country is attracting a growing number of startups from across the world, including Eastern Europe. Its high quality of life, low cost of living and …
Lithuania, Europe’s new startup hotspot, welcomes globally-minded entrepreneurs Read More
Since the COVID-19 shockwave hit Russia in March 2020, East-West Digital News has been following closely the impact of the pandemic on the country’s tech industries. These articles highlight the best of Russian innovators’ response to the virus, the high-tech approach of the authorities to manage the crisis, online retailers’ reaction to demand surge, and …
Russian tech amid the pandemic: Impact and response Read More
Elbrus Capital, a leading private equity firm focusing on Russia and neighboring countries, has attracted $260 million to launch its third fund. As reported by business daily Kommersant, the firm aims to raise $600 million in total until the end 2022 for this new fund, which will focus on Russian digital companies. The first deals are …
Citrix Systems announced today an agreement to acquire Wrike, a leader in SaaS collaborative work management, for $2.25 billion in cash. Still subject to regulatory approvals, the transaction is expected to close in the first half of this year. “The transaction unites leading workspace delivery platform with best-in-class SaaS work management solution, ushering in new era of employee productivity. This combination …
Motorica, a Moscow-based high-tech prosthetic startup, has attracted 300 million rubles (some $4 million at the current exchange rate) from two major government funds: the sovereign wealth fund RDIF and the Far-East High Technology Fund. The news was reported yesterday by business publication RBC, which cited exchanges with the Far-East fund’s press service. Touting itself as “the only company in the world to make …
Moscow startup receives $4 million from state funds to develop high-tech prostheses Read More
Russian online dating leader Mamba is investing some $3 million to develop its business in Germany and Italy, reported Kommersant, citing exchanges with company representatives. The company expects the average monthly revenue per user in these countries to be almost twice as high as in Russia, where it stands around 500 rubles ($6.7 at the …
Russian dating major Mamba invests $3 million to develop in Germany, Italy Read More
While identifying FSB agents reportedly involved in Alexey Navalny’s Novichok poisoning, international investigation group Bellingcat revealed today how deep and worrying are the implications of Russia’s data black market. Bellingcat’s work on the Navalny case originated from a previous investigation into Russian chemical weapons projects. Call metadata were analyzed for the telephone numbers used by two executives of SC Signal, an entity “involved in the development of new variants …
