Russian Software Major 1C Buys Majority Stake in amoCRM

Nov 4 2016

Russian enterprise software major 1C announced on Monday that it has acquired a 51 per cent stake in amoCRM. Financial details of the deal have not been disclosed.

New Technopark Opens in Chelyabinsk

Chelyabinsk, a city of 1.1 million inhabitants just to the east of the Ural mountains, has launched a new “IT Park” to support local tech projects, as reported by RVC last month. Officially launched last month, this 2,200-sq. m.

Russia’s Billionaire Usmanov Among Investors of Uber Taxi Service

Jan 24 2016

USM Holdings owned by Russia’s business magnate Alisher Usmanov and his partners is one of investors of the popular Uber taxi service, a source close to the company told TASS on Sunday.

Russian Venture Company and Phystech Ventures to Set Up Fund for New Materials Investments

Jan 12 2016

Russian Venture Company (RVC) and Phystech Ventures will set up Phystech Ventures II fund with the target capital of 2 bln rubles ($26.3 mln), RVC said on Monday.

US Businesses Remain Interested in Russian Market


Tuesday, December 8, 2015

US companies remain interested in doing business with Russia, head of the Economic Section of the Russian Embassy to the United States Mikhail Kalugin told Sputnik.

The diplomat explained that the United States realized that the potential of the Eurasian Economic Union had just started to gain weight. “Every company that operated in the Russian market repeatedly told us that they are interested in staying and continuing to do business [in Russia],” Kalugin said Monday on the sidelines of the second annual “Doing Business With Eurasian Economic Union” Conference in Washington.

Russia’s Skolkovo and Alfa-Bank Seek Advanced Fintech Start-up Solutions

Dec 7 2015

The Skolkovo Foundation managing Russia’s most widely touted Skolkovo innovation hub just outside Moscow, and Alfa-Bank, one of this country’s largest commercial banks, have launched the screening of the best IT solutions for banking among start-u

Government-backed Russian Fund Launches Big Data Investment Program

Dec 2 2015

The Internet Initiatives Development Fund (IIDF, or FRII in Russian), a government-backed fund for Russian Internet start-ups, intends to invest approximately $7.7m in Big Data projects, reported East-West Digital News, the first international inf

“Projects Must Serve Real World”: This Year’s InnoFest Innovation Gala Kicks-off in Nizhny

Nov 23 2015

Lobachevsky UNN, the largest university in Nizhny Novgorod, in the mid-Volga area, last week launched a big youth innovation festival called InnoFest-2015.UNN is keeping up its new good tradition, as last year the inaugural InnoFest fiesta already

Chinese E-Sellers into Russia

In his speech to this year’s St. Petersberg International Economic Forum, Alibaba’s President Jack Ma highlighted the role of the internet in changing people’s life and encouraged young Russians to start their own business online.

US Billionaire Says Now is Ideal Time to Invest in Russia

May 3 2015

Speaking at an investment panel at the Milken Global Conference in Los Angeles earlier this week, Bonderman, a founding partner of the private equity firm TPG Capital, noted that with the country starved of investment capital, there are now many o


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