Business tendency surveys carried out in May by national stats office GUS show a stabilisation of business climate in the information technology and telecommunications services sector - the sector's indicator was unchanged on the month at 9pts.
This month, an improvement is noted by 16% of the surveyed enterprises, while worsening - by 7% (vs. 17% and 8%, respectively, in April), GUS reported.
Enterprises are more optimistic as for demand, sales and financial standing, while current assessments in these areas continue to be negative. ICT firms report their prices are falling and they expect this trend to be continued. Also, the sector may see a small wave of layoffs.
Russian internet services major Yandex posted revenue growth of 21% year-on-year to RUB23.4bn ($406mn) in the third quarter of 2017 under US GAAP (generally accepted accounting principles), the ... more
Russian online giant Yandex has launched a voice assistant, "Alisa", available on Android and iOS and, as a beta-version, on Windows, the company said on October 9. Based on neural networks ... more
The high court of Podgorica said it has decided to unfreeze the shares of Italy’s A2A in Montenegro’s power firm EPCG after ... more