US magazine identifies Russia’s 10 most innovative companies

After compiling a list of the “Top 50 Most Innovative Companies” worldwide last month, which included Yandex and Kaspersky Lab, U.S. business magazine Fast Company has now issued a ranking of the “Ten Most Innovative Companies in Russia.”

E-commerce in Russia

The reports covers: Main market trends Shoppers Merchants Emerging models Payment issues

Russian Electronics to build $230 million light-diode lamps plant in Tomsk SEZ

Russian Electronics has announced plans to invest $228 million building a plant to produce light-diode lamps in Tomsk region. The plant is reportedly to be located in Tomsk special economic zone (SEZ). Construction of the plant is scheduled to start in May 2011 and last 1.5 years.

Qiwi discontinues e-currency replenishment service

Qiwi’s offline and online payment systems can no longer be used to replenish the accounts of a dozen Russian electronic currencies, as of March 15. The affected e-currencies include Yandex.Dengi – one of the two leading Russian e-currencies; MoneyMail – the e-currency of Mail.ru, a leading web portal; and a range of minor e-currencies.

Russian mobile operators actively develop M2M services

The М2М activities of Russia’s three leading mobile operators are developing quickly. At MTS, one of the three operators, M2M-related revenues could grow almost sevenfold in 2011, compared with the previous year, generating 1.7% of the company’s overall revenues, estimates an unnamed internal source. According to this source, that percentage could exceed 3% in 2013.

Local deal site raises funds from Russian-American investor

Access Industries, a US based industrial holding with international assets owned by prominent Russian-American businessman Leonard Blavatnik, has acquired a stake in Vigoda.ru (in Russian: “Advantage”), one of Russia’s numerous local deal sites.

Rusnano and Nokia Siemens to produce LTE equipment in Tomsk region

Rusnano has signed an agreement to invest in the production of LTE base stations in the Tomsk region, with Mikran, a Tomsk-based company, and the local administration as its partners. Nokia Siemens Networks equipment will be used for production.

Omsk-based Internet startup raises $3 million

Tulp.ru, a website where users can share impressions on local businesses—from detailed stories of their consumer experince to photos and ratings—is about to raise $3 million from “an important Russian offline player,” reported company founder Taisiya Kudashkina to EWDN.

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