The first stone of a new technopark was laid last week in Penza, a city of over 500,000 inhabitants 625 kilometers southeast of Moscow, by Penza region governor Vasily Bochkarev. The technopark, slated for completion in 2014, will host 70 companies in the information and medical technologies sectors and create over 1,500 jobs.
The United Electronic Trading Platform (UETP), a nationwide bidding platform for state purchasing, announced last Tuesday that thousands of companies have joined the Popular Front through its website. Announced last May, the Popular Front is a political initiative aimed at supporting Russian Prime Minister Vladimir Putin and his United Russia party in the forthcoming legislative …
JP Morgan recommends investors to buy shares in Yandex and Mail.ru Group, the two Russian Internet giants listed on the NASDAQ and the LSE respectively, Bloomberg reported yesterday. The Russian online advertising market could grow even faster than generally expected, JP Morgan analyst Alexei Gogolev argues in his report. Yandex and Mail.ru Group are “likely …
JP Morgan sees online advertising soar, recommends buying Mail.ru and Yandex shares Read More
Tele2 Russia announced yesterday the launch of Mobilny platezh (“Mobile payment”), which allows its subscribers to make payments from bank accounts with Visa, Mastercard, JCB International, or Diners Club cards.
IBS Group, a major Russian IT consulting and outsourcing company, is ready to sell a stake of at least 20% in Softkey.ru, an online software retailer. The group acquired a 70% stake in Softkey in 2006. Not only does Softkey count among Russia’s top online software retailers, its technologies and servers are also used by …
Minority stake for sale in leading online software retailer Read More
ZocDoc, a New York based startup that allows patients to locate and book doctor appointments online, announced yesterday it secured a $50 million investment from prominent Russian fund DST Global in its third round of financing. Founded in 2007, the site claims to offer 5 million appointments across nine major metropolitan areas and dozens of medical …
Neubiberg, Germany – August 3, 2011 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today introduced a new series of Receive Front-End Modules for implementation of Global Navigation Satellite System (GNSS) functionality in Smart Phones and other handheld devices. The new BGM103xN7 Series devices are the first modules available that support separate or simultaneous …
Infineon launches world’s smallest integrated receivers for GPS and GLONASS applications Read More
After weeks of rumors, DST’s investment in Twitter was confirmed officially for the first time yesterday on Twitter’s blog. “Now we have an opportunity to expand [our] reach with a significant round of funding led by the venture firm DST Global, along with the participation of several of our existing investors,” Twitter writes. “We will …
Last week, President Medvedev signed certain amendments to the Russian law on personal data, which hardened the legal obligations on all organizations – both corporate and state sector – dealing with personal data. Although the law was voted by the Russian parliament in 2006 – one year after Russia ratified the Council of Europe’s 1981 Strasbourg …
Personal data law comes into full force, Medvedev signs more restrictive amendments Read More
London – SmartLabs, a leading Russian provider of digital TV solutions, has started to deploy a large-scale unified IPTV platform for Rostelecom service providers in all Russian Federation regions. Within the project, all separate IPTV platforms currently running in the regions will be replaced by the unified one based on a number of SmartLab products.
Russia’s Internet community was shocked by a series of major private information leaks during only one week and amid the adoption of a new law aimed to protect personal data. The vulnerabilities of Russian websites came to light for the first time last Monday, when some 8,000 text messages sent by clients of the Russian …
Search engine data leaks shocks Russian Internet community Read More
The stock of the leading consumer electronics retailer Utinet.ru that was introduced last week on MICEX, one of the two Moscow stock exchanges, didn’t attract much investor interest during its first days of trading. This Monday the volume of trading of Utinet.ru stock totaled just 3.7 million rubles, or slightly over $130,000, while the offer …
Stock of online retailer Utinet.ru fails to attract many investors Read More
