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47% e-commerce growth reflects Eastern Europe’s enormous potential

With an average growth rate of 47% over the year 2013, the e-commerce market in Eastern Europe is comparatively showing the strongest increase in Europe. The projected online turnover of €23 billion for 2014 indicates that there is a lot of ground to gain in the region; only 34 million of 135 million Internet users are using the …

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Ubisoft opens Moscow office to serve growing Russian gaming community

Everyone knows that people make vodka is Russia, but now they also make Ubisoft games in that country as well. The publisher is opening a new office in Moscow. This new wing of the giant game-making corporation will serve as an outpost to provide region-specific support for Ubisoft’s games in the growing Russian market. It also plans to …

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US soft maker Adobe Systems to liquidate office in Russia

US computer software producer Adobe Systems has started liquidating its representative office in Russia and was delisted from the tax register on Wednesday, business daily Vedomosti reported Friday, referring to Adobe’s spokesman Matvey Kireyev. Adobe failed to strike several deals because of the Western sanctions and because it is not ready for the law amendments, which …

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Russian mobile network solution provider Fairwaves joins US accelerator Techstars

Russian project Fairwaves has announced on its website that in August it joined US accelerator Techstars. According to Russian business publication RBC, Techstars has invested $118,000 in Fairwaves in exchange for a 6% stake. The company previously received $80,000 investment from the Dutch fund NLnet, $260,000 from the New America Foundation Open Technology Institute, around $50,000 from the …

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