Dismissing rumors that state financing for Skolkovo might be reduced, the Russian Ministry of Finances confirmed earlier this week that the federal government’s total funding for the project will remain unchanged at 85 billion rubles (approximately $2.7 billion) between 2010 and 2015. This confirmation suggests that the Skolkovo project, which consists of building a world-class …
Delivery Hero, a Berlin-based online food ordering company operating in a dozen of countries, announced yesterday it has secured a capital injection of $49 million from Kite Ventures, a Moscow-based venture fund operating internationally, and Kreos Capital, a leading European provider of growth debt and equity investment for high-growth companies. The round of funding has …
Delivery Hero raises $49 million from Russian and Western funds Read More
At this year’s prestigious Venice Architecture Biennale, which opened Aug. 27, Russia will be represented exclusively by a team from Skolkovo, Russia’s world-class tech hub under completion and futuristic city-in-planning. Elena Shipilova of Russia Beyond the Headlines spoke to Grigory Revzin, member of Skolkovo’s architecture-planning council, about what Skolkovo hopes to achieve at the exhibition …
Skolkovo represents Russia at Venice Arts Exhibition Read More
British entrepreneur Richard Branson is once again planning to launch his Virgin Mobile business in Russia. The announcement of a possible entrance for Virgin Mobile into the Russian market was made at the opening of the operator’s division in Poland. A source at one of Russia’s telecommunications operators anonymously disclosed that Virgin Mobile is intending …
The Russian Academy of Sciences announced it has started construction of a new supercomputer to perform at 10 petaflops, the newspaper Izvestia reports. One petaflop is a supercomputer’s ability to process one quadrillion (or 1,000 trillion) FLOPS (floating point operations per second). The first two sections of the supercomputer are expected to start operation at …
Academy of Sciences and Moscow State University to develop next-gen supercomputers Read More
IT-Park, the technopark launched in 2009 in Tartartan’s capital city of Kazan, has opened a new 23,000 sq. meter branch in Naberezhnye Chelny, the second largest city in this autonomous republic of the Russian Federation. Rustam Minnikhanov, the president of Tatarstan, and Nikolai Nikiforov, the Russian Minister of Telecommunications and Mass Media, attended the opening …
New technopark empowers Tatarstan startups “to conquer the world” Read More
On August 6th, the Skolkovo Institute of Science and Technology (Skolkovo Tech), and the Massachusetts Institute of Technology (MIT) kicked off a four-week intensive workshop called the SkTech/MIT Innovation Workshop 2012. The workshop is teaching participants how to bridge the gap between scientific and technological prowess and creating innovative solutions with broad impact. During the first …
Skolkovo Tech’s innovation workshop underway at MIT Read More
Apple has registered a local company, Apple Rus, to supply its products directly to retail chains in Moscow and St. Petersburg as soon as 2013. According to data from SPARK-Interfax, Apple Rus is 99.5 percent owned by Apple Holding B.V. with the remaining 0.5 percent belonging to Irish company Apple Distribution. The company’s charter capital …
A Comscore report on Internet usage in Europe released yesterday has ranked Mail.ru and Yandex Pochta respectively 4th and 5th web-based mail services in Europe. In June, the reports says, 276.5 million people in Europe accessed webmail services via their computer, equalling to a 69.5% reach among the Internet audience above 15 years of age. The …
Russian webmail services Mail.Ru and Yandex Pochta ranked 4th and 5th in Europe Read More
Users of Russia’s leading social network, Vkontakte.ru (also known as VK.com), can now list a person of the same sex as their partner under the rubric “family situation.” The move – a personal decision by site founder Pavel Durov – is particularly notable in a country that formally decriminalized homosexuality only in 1993, and where …
St. Petersburg – Samsung Electronics, a world leader in digital technology and digital convergence, has released Phereo 3D Photo, an application for Samsung Smart TV sets and Blu-Ray players. Developed by Phereo, an i-Free Group company and Samsung Electronics partner, the new app is for viewing stereo photos in 3D on TV screen. Phereo 3D Photo …
Samsung Electronics and i-Free unveil Phereo 3D Photo app for Smart TV and Blu-Ray players Read More
Mail.ru Group, a leading, LSE-listed Russian Internet group, will pay $800 million in dividends – mostly as a result of the sale of shares of Facebook. In May, Mail.ru received approximately $850 million for its share in the American social network. This is the first time in its history that Mail.ru has paid dividends, and they …
