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Business & Legal Environment

Jul 21, 2014

New personal data storage rules to affect both foreign and domestic players

Still no “Chinese wall” surrounding Russia

Jul 04, 2014

TMT Investments injects $250,000 into ‘Internet of everything’ startup Weaved

Last week TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $250,000 investment in Palo-Alto headquartered Weaved in exchange for a 2.69% stake in the company’s capital

Jul 04, 2014

Imperious Group invests $530,000 in Russian-American edutech startup Coursmos

Russo-American startup Coursmos, a developer of short online courses, has raised $530,000 from Russian venture fund Imperious Group and business angel Evgeniy Medvednikov

Jul 03, 2014

Former Deputy Minister of Communications Moves to Acronis

Two weeks after stepping down as Deputy Minister of Communications, Mark Shmulevich has confirmed that he will take up a position in the private sector as Strategic and Operational Director at Acronis

Jun 23, 2014

Deputy Minister of Communications Resigns

Mark Shmulevich, who oversaw the development of the Russian IT industry, has decided to leave the Ministry of Communications, reports CNews citing a source at the ministry

Jun 23, 2014

Russia overhauls its e-government plans

The Russian authorities have redesigned most of the country’s prior e-government plans with new deadlines, Russian business daily Vedomosti reported last week

Jun 20, 2014

Russia’s VC market shrank in 1Q 2014, RMG and EWDN analysts found

Rye, Man & Gor Securities, a Russian investment firm, and East-West Digital News, an international resource on Russia’s IT, have issued a report on the status and trends of Russia’s venture market in 1Q 2014

Jun 16, 2014

New Russian fund plans to invest up to $100 million in P2P and fintech startups across the world

Finam has teamed up with Skagit Investment to launch an international venture fund, christened FinSight Ventures, which aims to raise $50 million to $100 million

Jun 16, 2014

Visa and MasterCard to participate in Russia’s new national payment system

Visa and MasterCard will continue to operate in Russia, the companies’ representatives told journalists, following a meeting with Russia’s Deputy Prime Minister Igor Shuvalov and Minister of Finance Anton Siluanov

May 30, 2014

International forum in St. Petersburg highlights startup, tech transfer and social entrepreneurship issues

On May 13-15, scientists, businessmen and public servants met to discuss new opportunities for companies and universities at the VIII International “From science to business” Forum in St. Petersburg, Russia

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