Eastern Europe / Tech

Russian startup to bioprint KFC chicken nuggets

EWDN in Moscow July 31, 2020

3D Bioprinting Solutions, a resident of the Skolkovo Foundation Biomedical Cluster, has tied up with KFC bio-print chick nuggets

Russian recruitment platform HeadHunter goes unicorn, cements $1bn valuation

EWDN in Moscow July 31, 2020

Online recruitment platform HeadHunter has sealed its position as a $1bn tech company after a new multi-million dollar share deal confirmed the company’s soaring valuation, reports East-West Digital News (EWDN).

Iran buys six “Caspian Sea Monster” ekranoplans from Russia

bne IntelIiNews July 28, 2020

Ground effect vehicles, or GEVs, often mistaken for planes, fly using lift generated by large wings around four metres above water surface. Technology was originally trialled in 1970s by Soviets. Private investors have given it new lease of life.

Online piracy on the rise again in Russia in lockdown

bne IntelliNews July 23, 2020

Pirated content was axed by 25% in 2019. However, as the coronavirus lockdown increased the demand for online entertainment, a new wave of pirated content aggregators emerged.

Russian mobile major MegaFon to roll out $1bn Arctic network

bne IntelliNews July 21, 2020

MegaFon to work with state geology agency RosGeologya on the first Arctic high-speed fibre cable that will be used for international traffic as well as connecting domestic Far East regions.

NBU approves strategy for fintech development

bne IntelliNews July 17, 2020

Ukrainian central bank aims to promote innovation, progress towards a cashless economy and better financial literacy among consumers and businesses.

Privileges for Russia's IT industry could lead to higher software prices

Vladimir Kozlov in Moscow July 17, 2020

Tax privileges, recently extended by the Russian government to the local IT sector are likely to result in higher software prices as authorities aim to pass their costs onto IT product customers.

The pandemic gives a boost to Russia's online retail segment

Vladimir Kozlov in Moscow July 17, 2020

The coronavirus (COVID-19) pandemic, which caused a several-week long lockdown period in Russia, gave a boost to the country's digital retail industry as people stepped up online shopping.

Yandex could launch driverless cabs in Moscow in 2024

bne IntelIiNews July 17, 2020

Internet major Yandex is Russia's leader in driverless technology and recently doubled its fleet of driverless cars.

Spotify to enter Russia, other emerging Europe markets in new expansion drive

bne IntelliNews July 15, 2020

In Russia, the move by Spotify will put pressure on local internet majors Yandex and Mail.ru Group that also offer music streaming services.

AliExpress sets ambitious goals in Russia, IPO possible

Vadim Dumesh in Paris July 13, 2020

AliExpress Russia is aiming to reach $10bn gross merchandise volume by 2022-2023, and has not ruled out a future IPO.