Vimpelcom will sell several of its emerging market businesses in Africa and Asia as part of a rationalization of its global telecoms operations. The group intends to focus on more mature markets such as Russia and Italy, which make up about 70% of its business, the Financial Times reported on Monday. However, Vimpelcom will retain …
Moscow – IBM Corporation and the Scientific and Production Association (SPA) “Angstrem” and “Angstrem-T” have signed two agreements to spur technology innovation. Through the first agreement, IBM has licensed Angstrem integrated circuit technology of the topological size of 90nm. With the license, Angstrem plans to manufacture microelectronic devices such as chips and sensors for use inthe …
Angstrem and IBM sign strategic agreements for technology innovation Read More
A Siberian miner’s son with a degree from the St. Petersburg Mining Institute, one could be guilty of assuming entrepreneurship and investment were a million miles from the life Oleg Tinkov once knew. After moving to St. Petersburg in 1988, Tinkov had a string of jobs in everything from a furniture factory, to a bottle-collection …
Six months after its launch, the IPO Board platform has attracted no fewer than 90 non-listed startups, enabling them to trade their shares electronically through private placements. An initiative of the Moscow stock exchange, IPO Board – also known in Russian as RII-board – has enjoyed the support of RVC and Rusnano, two state-owned organizations …
Ninety startups trade shares electronically through IPO Board Read More
For Russians like Georgy Pachikov who grew up in Soviet times, fixing broken-down machines was often a test of ingenuity and improvization – not to mention sheer determination. Back in 1989, when the whole country was literally grinding to a halt, he had a broken washing machine. As competent repairmen were then thin on the …
Once again this year, the annual IDCEE conference held in Kiev on October 18th and 19th attracted an impressive array of Internet oriented investors, startup entrepreneurs, and professionals of all kinds from far beyond Ukraine and the neighboring countries (see videos). A rare phenomenon in such events, investors – coming from all parts of Europe …
Kiev’s IDCEE attracts investors from USA to India; Russian startups win top prizes Read More
Onetwotrip.com, a Russian air ticket booking site launched less than 18 months ago, announced last week that it has received a $16 million capital injection from international venture fund Atomico. The funding comes as a complement to the $9 million invested last month by Phenomen Ventures, a fund established earlier this year by Russian tech …
In partnership with East-West Digital News, Midem, the leading international b2b event dedicated to the new music and entertainment ecosystems, cordially invites Russian startups to midemlab. This major startup and app developer competition will take place in Cannes, France, from Jan. 26 to 29 of next year. If you have built a solution that will help music executives, …
Bashkortostan, a sizable region in the Volga area, is developing its own IT park. “We’re drafting an IT park concept and we already have a business plan,” said Boris Melkoedov, the region’s minister of telecommunications. “The region is also in talks with federal authorities over the inclusion of our project in the Russian techno-park development program.” …
The Novosibirsk region of Siberia will create its own electronic cluster, Rossiyskaya Gazeta reported earlier this month. The planned facility will include significant production capacity for the manufacture of next gen electrical current sources based on a combination of supercapacitors and classical lithium-ion or other storage battery technologies. The facility will also reportedly manufacture products …
Looking for a fitness instructor, plumber, or hairdresser? Need an appointment with a doctor or want to hire a performer? You will probably find the professional or small business you need using one of the eight service marketplaces of Eruditor, a startup that claims to have served 300,000 users since its launch in 2007. “Eruditor’s …
Intel Capital and Runa Capital invest $4 million in personal service aggregator Eruditor Read More
KupiVip Holding, the owner of the largest online fashion shopping club in Russia, has raised $12 million from Warsaw-headquartered MCI Management, a multi-stage technology private equity group operating in Central and Eastern Europe. The investment will be used for various purposes, KupiVip stated, from “further development of order fulfillment capacities to business growth, with the …
