Lev Kuznetsov, governor of the Siberian region of Krasnoyarsk, approved an innovation development strategy last week slated to run to 2020. “Reaching agreement between government, science and business on this issue is of utmost importance. The system we are building has to address two existing weaknesses in Russian innovation: insufficient coordination as well as weak …
The share price of Russian search giant Yandex, introduced on NASDAQ in May, hit a historic low yesterday at $21.17 before closing at $22.6 – well below the company’s IPO offer price of $25 and almost two times below the peak level, $42.01, reached shortly after the stock was listed. Investor defiance peaked on Wednesday …
Painful week for Yandex on NASDAQ after market share drops and patch up work goes wrong Read More
Code4Country, a two-day jointly sponsored US-Russian programming contest, or “codeathon,” took place on 24 -25 September, pitting national programmer teams against each other in a battle to produce innovative tools that enable greater transparency and more open government.
Russian programmer and businessman Valery Gasratov launched social gifting application Giftofoni last week, allowing Turkish speaking Facebook users to order gifts and organize parties. The application is derived from Welcome Gifts, Zhelannye Podarki in Russian, an application launched last year by Gasratov’s team on Odnoklassniki.ru, a leading Russian social networking site. Welcome Gifts was used by 12 …
Ambitious Russian social gifting app launched on Turkish version of Facebook Read More
Last week, IT firm Asteros, headquartered in Moscow, became the first Russian company to receive the status of Authorized Systems Integrator from Apple. Asteros will integrate and service Apple-branded hardware into its clients’ IT infrastructure and tailor the US company’s software to fit the needs of Asteros’ Russian clients.
Russian state bank Vnesheconombank (VEB) is set to acquire a 25% stake in T-Platforms, a high performance computing company, following approval from the Russian Federal Antimonopoly Service on Sept. 19. The acquisition will give VEB a blocking stake in the company. With bases in Moscow and Hanover, T-Platform has several of its end user supercomputing installations listed among …
Russian state bank VEB to invest $25 million in supercomputing company Read More
The Italian government has sold three LTE licenses in the 800 Mhz frequency range for a total of €3.7 billion. Wind Telecomunicazioni, a fully owned subsidiary of VimpelCom, paid €977 million for the license and intends to bid for further frequencies in the 1,800, 2,000 and 2,600 Mhz ranges. The other successful license auction bidders …
VimpelCom Italian subsidiary Wind acquires LTE license for €977 million Read More
Digital radio- and tele-broadcasting have been launched in the North Caucasus for the first time, TASS-Telecom reported last week. The launch ceremony took place in Vladikavkaz in the Republic of Northern Ossetia-Alanya and was attended by Igor Shchegolev, the Minister of Communications and Mass Media.
M.Video, a leading Russian consumer electronics retailer, announced last week its intention to switch from physical to digital distribution of its range of software, music and movies. The company believes that it makes less commercial sense to sell software, music and movies ‘in boxes’, when it is easier for consumers to simply download them.
Fujitsu’s subsidiary PFU Limited recently acquired up to a 5% stake in Abbyy, a world-renowned Russian provider of document conversion, data capture, and linguistic software and services. The information, which has since been confirmed by Abbyy, was first revealed last week by Russian business daily RBC Daily. The amount of the deal remains undisclosed, but experts …
Fujitsu subsidiary acquires minority stake in Abbyy Read More
DST Global, the top Russian international investor in Internet assets, and Silver Lake, a global leader in private investments in technology, announced last week their commitment to invest in Alibaba Group, a premier Chinese technology company. This is the second investment from DST this year in Chinese e-commerce. In March, the fund took part in the third …
DST and Silver Lake invest over $1.6 billion in Alibaba Group Read More
Nokia Siemens Networks and Micran, a Tomsk based Russian producer of microwave telecommunication and measurement equipment, finalized their joint venture agreements on Monday to locally produce LTE base stations. The share split in the JV will be 75%-25% in favor of Nokia Siemens Network.
