The Spring of Russian E-Commerce: An Exclusive Global Perspectives Series

March 19, 2012

In light of the fast development of e-commerce in Russia, this spring East-West Digital News and its partners are offering an exclusive series of articles and interviews with fascinating insights into this market, one that’s still little known among most foreign players. Starting with an interview with Travelmenu.ru’s new CEO Katrin Buckenmaier, the series is made …

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Travelmenu CEO Katrin Buckenmaier: “The Russian online outbound travel market is expected to grow ten-fold by 2015”

March 19, 2012

Launched in 2009 as a hotel booking engine for travel agents in Russia and Ukraine, Travelmenu.ru has grown into a major online retailer of package tours, a segment that represents more than 85% of the total outbound travel market in Russia. The site has served more than 250,000 travelers to date. Travelmenu has just announced it …

Travelmenu CEO Katrin Buckenmaier: “The Russian online outbound travel market is expected to grow ten-fold by 2015” Read More

Travelmenu’s video parody of Medvedev generated 6 million views in 3 months

March 19, 2012

Travelmenu.ru, a Russian online travel startup specializing in package tours, took advantage of the Russian winter holiday season to increase its brand awareness using a bold parody of President Medvedev’s New Year’s greetings. Released on December 19, the humorous video features the Russian President’s traditional greetings to the nation, revealing a behind-the-scene sea, sex and …

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Orion Express satellite concern

March 19, 2012

The Russian DTH platform Orion Express faces a major obstacle in its expansion plans. According to Vedomosti, a decision on whether the platform can use frequencies on the Horizons 2 satellite, which is owned by Intelsat, has been postponed until a meeting of the General Radio Frequency Centre (GFRC), called at the initiative of the …

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GLONASS adopted by US agencies: One eye is good, but two are better

March 19, 2012

GLONASS, the Russian satellite positioning system launched in 1982 in response to America’s GPS, has navigated into its rival’s home territory. The U.S. Geological Survey, a government entity whose tasks include early volcanic threat detection, announced plans last week to purchase dual GLONASS+GPS compatible hardware to improve its monitoring of America’s 160 active volcanoes and …

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Tiger Global leads $30 million round for online marketplace Wikimart.ru

March 19, 2012

The Russian online marketplace Wikimart.ru has secured a $30 million round of financing – the third one since the startup’s inception in 2008 – with Tiger Global Management contributing $18 million and the remaining $12 million coming from an undiclosed Russian investor. The startup’s previous valuation amounted to $50 million, which corresponds to its estimated …

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Russia and Belarus shake hands on joint business accelerator and technopark

March 16, 2012

In a bid to step up innovation cooperation between Russia and neighboring Belarus, two government delegations met in Nizhny Novgorod on Wednesday to agree on the establishment of a Russian-Belarusian Business Accelerator and to further the finalization of a prospective inter-state technopark.

Russian IT market faces cloudy future

March 15, 2012

Even though the Russian IT market is growing fast, having recovered completely from the 2008-2009 crisis, a number of issues have come to the forefront. The Russian Minister of Communications Igor Shchegolev has reported that the country’s information technologies market saw a growth spurt of 14.6 percent in 2011, and the Ministry of Economic Development predicts …

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Mobile operator MTS could sell part of its online video business

March 15, 2012

The Russian mobile operator MTS is considering selling a stake of its online paid video site Omlet.ru, the operator’s VP of Marketing Vasily Latsanich announced earlier this week at a press conference. “A content business should be separated from a mobile operator’s business, and we are not the only ones on the market to believe so,” …

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Russian webmail service Mail.ru now available in Ukrainian language

March 14, 2012

Mail.ru announced on Monday that its webmail interface is now available in Ukrainian. This marks the first time that Mail.ru has offered its service in a language other than Russian. In addition, the site will be slightly redesigned to include some Ukrainian-style elements, Mail.ru announced. However, the Russian webmail giant has failed so far to acquire …

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Mine fleet management solution provider Vist Group eyes IPO

March 13, 2012

Vist Group, a major, twenty-year-old Russian developer of turn-key IT solutions for mine fleet and railroad management systems, is considering seeking capital market opportunities, according to Reuters. A resident of Skolkovo, the government-sponsored technology hub outside Moscow, Vist could thus become the first Skolkovo resident to orchestrate an IPO. Vist has declined to make any …

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