Russian data regulations fuelling the rapid growth of Russian cloud services

Vladimir Kozlov in Moscow April 17, 2019

The clouds over Russia’s burgeoning e-commerce business are swelling, but that is a good thing as the cloud services business expanding on the back of new regulations that are feeding an already fast growing business.

Central and Eastern European countries' high-tech exports boom

Vladimir Kozlov in Moscow April 17, 2019

Central and Eastern European (CEE) countries high-tech exports are booming, according to a study recently conducted by RS Components, based on an analysis of 10 years of high-tech export data from The World Bank.

Japan’s Terra Drone acquires stake in Slovenia’s C-Astral Aerospace

bne IntelliNews April 14, 2019

Major industrial drone company Terra says impressed by advanced technology and mission flexibility of Slovenian company.

Russia's Yandex could cash in $96mn on Uber shares

bne IntelliNews April 12, 2019

Russian internet major Yandex has the right to sell its stake in Uber Technologies that are worth $96mn, Prime reported on April 12 citing documents published by Uber.

Russian HeadHunter service prepares for IPO

bne IntelliNews April 12, 2019

Russia's leading job searching service HeadHunter prepares for a $250mn IPO in May-June 2019 on NASDAQ, Vedomosti daily reported on April 11 citing unnamed investment bankers and sources close to the shareholders of the company.

Russian online retailer Wildberries posts 85% growth in revenues in 1Q19

bne IntelliNews April 12, 2019

Russian online retailer Wildberries posted 85% year-on-year growth in revenues in the first quarter of 2019 to RUB38.9bn ($603mn)

Hungary to enhance cooperation with Huawei despite US concerns

bne IntelliNews April 10, 2019

Since taking office in 2010, the Orban government has made its “Eastern Opening” policy aimed at strengthening ties to the Far East a priority, and Hungary is also committed to the development of the ICT sector.

Yandex.Market Chairman: “The Russian market offers huge opportunities and is very open to foreign players”

EWDN in Moscow April 9, 2019

Yandex.Market Chairman: “The Russian market offers huge opportunities and is very open to foreign players”

Mobile operator MTS mulling buying "the Russian Netflix," online cinema provider ivi

bne IntelliNews April 9, 2019

One of Russia's "big four" operators MobileTeleSystems (MTS) is considering the acquisition of “the Russian Netflix,” online cinema provider ivi, the market leader with a 36% share, for RUB20bn ($309mn), RBC business portal reported on April 8 citing

Russia's RDIF plans internet projects in Turkey with Yandex

bne IntelliNews April 9, 2019

Russia's Fund for Direct Investment (RDIF) and internet major Yandex discusses deals and joint projects in Turkey, the head of the fund Kirill Dmitriev told the press, while announcing the creation of €900mn Russo-Turkish investment fund.

Russian internet companies reach 4% of GDP

bne IntelliNews April 8, 2019

Russia's internet companies account for about 4% of Russian GDP, according to the estimates of the first deputy head of the presidential office Sergey Kiriyenko.

Pro-Russian vote in Ukraine’s presidential election first round revealed as strong by official tallies

Ben Aris in Berlin April 5, 2019

Had the Russian-oriented part of the electorate been able to rally around a single candidate, that candidate would have come third just 24,318 votes short of President Poroshenko’s result and would be facing outsider Zelenskiy in the run-off.

Armenia’s Granatus Ventures to launch $40mn venture fund with UNDP

bne IntelliNews April 3, 2019

Granatus Tech4SDG will invest in technology-driven ventures that demonstrate strong potential for social and environmental impact.

Russia's Sberbank acquires recruitment service

bne IntelliNews April 2, 2019

Russia's largest bank Sberbank acquired 100% in Russia's third largest online recruitment service for an undisclosed amount. According to sources of Vedomosti daily, the deal stood at RUB500mn-RUB1bn ($8mn-$15mn).

Russia's online exports could reach $10bn in up to 7 years

bne IntelliNews March 29, 2019

Russia's online exports of goods could reach $10bn in 3-7 years, according to the estimates of eBay Russia and Emerging Europe.