IDC on Russia’s IT: crisis-woven cobwebs blown away

East-West Digital News 5 April 2012 After spending three years in a post-crisis mire, IT sales in Russia reached an all-time high in 2011, IDC reported to Vedomosti and CNews.ru. According to IDC analysts, the Russian IT sector posted double-digit gains last year,...

Alfa Seeks VEB Loan to Buy Domodedovo

Moscow Times 4 April 2012 A1, the investment arm of billionaire Mikhail Fridman’s Alfa-Group, is seeking a loan to bid for Russia’s biggest airport Domodedovo, the investment company said on Tuesday. A bid could be around $3 billion, according to Russian...

Skolkovo seeks more ties with US innovation

East-West Digital News (By Anna Andrianova) 3 April 2012 On the last week of March, a team from the Skolkovo Foundation came to Silicon Valley for the 8th annual Global Technology Symposium. The symposium has always had a bit of a Russia focus, and this year was no...

Skolkovo: Global majors hired to shape ‘smart city’

East-West Digital News 2 April 2012 The Skolkovo Foundation, which has been instrumental in pumping R&D funds into the Skolkovo innovation hub just outside Moscow since 2010, has contracted with an international consortium to create a comprehensive ‘smart city’...

New $50 million fund targets early stage B2C Internet startups

East-West Digital News 29 Mar 2012 The Russian venture capital scene, which counted at most two dozen active funds just two years ago, is continuing its impressive growth. Its newest player, an early stage venture fund named Frontier Ventures, has just been announced...