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Russia should restructure economy through innovations and cannot isolate itself, say officials at Skolkovo meeting

245 Comments / Incubators & technoparks, International, News, Policy making, Regions & cities, Skolkovo / By

The Russia’s government has signed an anti-crisis plan to restructure the economy in part through innovations, Deputy Prime Minister Arkady Dvorkovich told a meeting of regional officials on Wednesday. Russian news agency TASS reported that plan will require 1.375 trillion rubles (approximately $20 billion at the current exchange rate), including budget expenditures, state guarantees and …

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KupiVIP.ru close to break-even, reports 44% year-on-year sales growth in Q4 2014

64 Comments / Company results, E-Commerce, Finance, Internet, News / By

Illustrating the relative resilience of the Russian e-commerce market amid the current economic turmoil, leading flash sales platform KupiVIP.ru reported a 44% revenue increase year-on-year in Q4 2014. The company attributes this growth to consumers switching from traditional and online retail to discount-based sites. Sales also grew due to the development of the site’s cross-border …

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Moscow Seed Fund concludes first investment cycle

72 Comments / Finance, Moscow, News, Regions & cities, Venture / Private equity / By

Moscow Seed Fund, the venture arm of the Moscow City authorities, is concluding its first three-year investment cycle. In partnership with Softline Venture Partners, the fund supports venture investors in financing small businesses in the science and technology sector. It backed startups Context Broker and AppStarter at the end of 2012 and early 2013 respectively. Both startups have …

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Yandex.ru becomes top US website

66 Comments / International, Internet, News, Search engines & SEO / By

The average American knows about Buzzfeed, Home Depot, and Vimeo; their sites are gaining about as much traffic in the US as Yandex.ru, which most Americans wouldn’t recognize. According to the most recent results from SimilarWeb, two major Russian websites Yandex and Vkontakte ranked in the top 100 US websites for 2014.  Vkontakte, Russia’s leading social …

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News aggregator Anews raises $2.7 million for further international expansion

1,191 Comments / Finance, International, Internet, Mobile content, Mobile-Telecom-Satellites, News, Online media, Startups, Venture / Private equity / By

Anews, an international global news-reading service with a built-in behavioral advertising network, has received $2.7 million from TMT Investments, Run Capital, 101 Startup and several individual investors. As reported by Rusbase, TMT Investments and Run Capital each invested $1 million, in exchange for minority stakes in the company. “With its strong team, with a wealth …

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Russian data center market grew 20% in 2014

60 Comments / Data & Reports, Data centers, IT infrastructure, IT services, Moscow, Regions & cities / By

In 2014, according to a new report by international market research company PMR, the Russian market of commercial data center services reached 11.7 billion rubles (approximately $303 million at the average 2014 exchange rate), up 20.4% from the previous year. Development forecasts for the next few years remain positive. Organic growth is driven by the rapid development of …

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Zvooq launches full function free mobile music streaming

60 Comments / E-Commerce, Internet, Press releases / By

Moscow – Russian music service Zvooq, part of the holding Dream Industries, changes the game for music streaming by introducing a new model of music listening, becoming Russia’s only fully free legal music service. From January 20 Zvooq allows all listeners to select any song, album or compilation, and then listen free of charge without time …

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What do Yandex users want to look like? Russians’ image search queries

81 Comments / Analysis, Data & Reports, Internet, Search engines & SEO / By

The average person aims to stay up to speed with the most recent clothing styles and haircuts. From country to country, styles vary and the ideal image is often rooted in cultural influence. Still, a popular movie or a celebrity influences worldwide trends uniting people across the globe to wear a particular pair of sunglasses …

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Richard Branson’s Virgin Connect buys Moscow region broadband triple-play operator

Finance, Internet, Internet access, IT infrastructure, M&A, Moscow, News, Regions & cities / By

Trivon AG, the Switzerland-based company which does business through its subsidiaries under the Virgin Connect brand in Russia, has acquired 75% of  Speedyline, a triple-play operator operating in the Moscow region. Trivon has also got the option for the further purchase of the remaining 25%. The deal was completed in December, but announced only last week. …

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Hot social media topics to be highlighted at Moscow conference and exhibition

330 Comments / E-Commerce, E-marketing & advertising, Events & contests, Internet, Moscow, Press releases, Regions & cities, Social networks & apps / By

Social media business will be highlighted in Moscow on March 12-14 at the Social Networking Congress & Expo (SNCE), a two-day conference and exhibition that gathers each year the representatives of the Russian social media community. The main topics of this year’s edition will be social media marketing, social business app development; social media monitoring …

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