Car-sharing service “for the people” launches in Moscow and St. Petersburg

May 10, 2021

The Moscow Department of Transport has launched a car-sharing platform, which it says is similar to US service Turo.  Currently in test mode with 100 participants, the app is available on the App Store and Google Play. Dubbed Ruli (‘Drive’), this new service allows individuals to rent their car when lying idle on parking lots. Through the …

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Sberbank promises to double online ecosystem investments over the next three years

May 5, 2021

In September last year Sberbank, the state-controlled financial and digital giant, rebranded itself to just ‘Sber,’ dropping the word “bank” from its name, but the change has not really caught on. The management is now ramping up its rebranding drive and has promised to double investment into building its new “bank plus everything else” online …

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Sber chairman concedes “complex problems” with Mail.Ru, but dismisses divorce rumors

April 30, 2021

Sber and Mail.ru Group are not on the brink of divorce, said Sber’s chairman Herman Gref in a media interview last week, dismissing repeated rumors and reports. Gref conceded that “complex problems” do occur with Mail.Ru, since their respective ecosystems partly intersect, but “we have very good relations and do find solutions.”  There is less …

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Private-public partnership launches $69 million smart city program in Russia’s Far East

September 14, 2021

Digital Primorye, a smart city solution provider launched by the Far East High Technology Fund (FEHTF) and VessoLink Group,  is working on some 30 projects to develop digital services and high tech systems in such sectors as transport, public utilities, education, health care, and more..  These projects are taking shape in Primorye, a Far Eastern Russian region that …

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Yandex and Tinkoff announce fintech acquisitions

April 30, 2021

Two acquisitions were announced yesterday in the Russian fintech space. Yandex, the NASDAQ-listed digital major, agreed to fully purchase Acropol Bank. The deal, which is still subject to regulatory approval, amounts to 1.1 billion rubles (approximately $14.7 million).  “The strategic rationale for the transaction is to obtain a banking license required to develop the Yandex fintech vertical and launch comprehensive …

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Russia now makes its own AMD B450 motherboards

April 29, 2021

Russia’s CS Group and Philax have just unveiled their first B450 motherboard, ready to take AMD Ryzen CPUs, making “at least” 40,000 motherboards and 50,000 monitors.  Russia wants to lessen its reliance on securing products internationally, so making them in-house is the first step with the introduction of the new B450-based motherboards and 50,000 monitors …

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Russian agroindustrial major GrainRus invests in international foodtech fund

April 29, 2021

GrainRus, a Russian importer and producer of raw materials for the brewing and dairy industry, has become a limited partner (LP) of a Hong Kong and US-based foodtech fund.  Lever VC was launched in 2018 to invest in the alternative protein space. Its team includes early investors in Beyond Meat, Impossible Foods, Memphis Meats and other …

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Russian researchers propose Big Data approach to analyze startup growth dynamics

April 29, 2021

Researchers from the Skolkovo Institute of Science and Technology (Skoltech) have developed a new methodology that leverages Big Data to “analyze the growth dynamics of technology-based new ventures.” The key findings of the research are summarized as follows: Google Trends is a credible source of high-quality data for analyzing new ventures; It can be used …

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Sber could issue blockchain-based digital currency as early as this year

April 28, 2021

Sber, the state-controlled financial and tech giant, could issue its own digital financial asset, ‘Sbercoin,’ as early as this year. The registration of an in-house blockchain platform, developed for this purpose, is pending final approvals from the regulator. Sber’s blockchain platform will be made available not only to the bank, but also to other companies …

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Moscow city introduces catalog of 68 smart city projects

April 29, 2021

The Moscow city authorities have made available a catalog of smart city projects conducted in the Russian capital. Intended for the international community, this catalog is published in English for the first time. Six categories are offered: human and social capital, digital government, urban environment, urban economy, end-to-end technologies, and digital technologies and communications. Each featured project …

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Eastern Europe quarterly review: Major deals secured abroad; local startups escape political turmoil

April 28, 2021

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine and Belarus. The last column by EWDN Chief Editor Adrien Henni highlights the most notable industry facts and trends in the first quarter of 2021. Almost no major local deals took place in this period, but Eastern …

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