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Business & Legal Environment

Feb 23, 2015

Rusnano to aid Moscow in innovation cluster development

Under terms of the agreement, the partners will assist in the development of high-tech production sites and the creation of innovation infrastructure in Moscow both administratively and financially

Feb 14, 2015

Austria’s S&T AG announces major Russian investment plan

The board of directors of Austrian IT-provider S&T AG has approved an investment plan which will see it pump tens of millions of euros into Russian companies in 2015

Feb 14, 2015

Google’s Startup Launch Program extended to Russia

Google plans to launch its Google Startup Launch program in Russia, reported Russian tech blog Firrma.ru

Feb 06, 2015

Graphics and gamification enter Skolkovo IT cluster crosshairs for 2015

Startups dealing with computer graphics and so-called gamification will now be able to apply for Skolkovo grants and residency under new plans for 2015 published by the IT cluster

Jan 23, 2015

Rostelecom to acquire major data center and Internet infrastructure company

Rostelecom announced yesterday the acquisition of a majority stake in SafeData (LLC Data Storage Centre), a leading operator of commercial data centers, traffic exchange services and content delivery

Jan 23, 2015

MasterCard reaches agreement with national payment system; Visa may follow

MasterCard has agreed to transfer card processing inside Russia to the National System of Payment Cards (NSPC) while Visa is still discussing the matter with the authorities

Jan 15, 2015

Croice secures $500,000 from Imperious Group to develop “new format of photo stories”

Last week Croice, whose mobile app allows you to create photo stories with a background audio, announced its first round of financing with $500,000 brought in by venture fund Imperious Group

Jan 13, 2015

Google will close its development center, but increase investment in Russia

Yandex, Google’s main competitor in Russia, is concerned that the U.S. giant’s decision to close its engineering center in Russia may have a negative impact on the development of the country’s IT industry

Dec 26, 2014

State fund FRII teams up with mobile operator Yota to support startups

Russian mobile operator Yota has become a partner of FRII.

Dec 25, 2014

Virtual shoe-fitter wins 15 million ruble grant from Skolkovo

A tech startup that is looking to make those hellish trips to the shoe store a thing of the past has won a grant of 15 million rubles (approximately $275,000 at the current exchange rate) from Skolkovo Foundation.

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