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Business & Legal Environment

Sep 12, 2014

AliExpress most visited e-commerce site in Russia

Since January 2013, the retailer’s Russian audience has increased five-fold, while more than 20 million packages from AliExpress sellers were sent to Russia in 2013

Sep 05, 2014

Novosibirsk region considers slashing profit tax for IT firms

The Novosibirsk region in Siberia is considering lowering the profit tax rate for companies that operate in the local IT sector

Aug 28, 2014

Samara and Finland pool resources in start-up development

Special emphasis will be put on the commercialization of scientific projects and tech transfer

Aug 24, 2014

Prime Minister agreed on application of the Russian Pension Fund for the financing of Innovation

The prime minister’s instructions do not specify whether it is only pension reserves that can be used in the scheme

Aug 17, 2014

Yandex Money launches new service for creating online stores

Yandex Money and Simtech have launched Merchium, a cloud service which will enable anyone to create their own online store

Aug 12, 2014

FRII invests “up to $450,000″ in two startups

Earlier this month two Russian startups – the city guide Voxxter and the online event listings service 2do2go – each received “from $250,000 to $450,000″ from the Internet Initiatives Development Fund (FRII in Russian)

Aug 04, 2014

The mobile games market in Russia grew by nine times from 2010 through 2013

Experts at Mail.ru Group and Newzoo have assessed the mobile games market in Russia and compared gamers from a variety of countries

Aug 01, 2014

eBay and Russian Post agree to accelerate cross-border deliveries to Russia

The online marketplace eBay and Russian Post have signed a memorandum of cooperation in order to reduce the time of delivery of goods to Russia from the company’s major markets

Jul 24, 2014

Runa II Is Up and Running

Runa Capital has just announced the completion of the first round of fundraising for its second fund. Runa II will, like Runa’s first fund, focus on innovative technology companies

Jul 21, 2014

Russia eases requirements for Visa and MasterCard

The Russian Ministry of Finance has submitted a new document to the government establishing the description of payment systems “of national importance”, which makes it technically possible for Visa and MasterCard to obtain this status

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