Obninsk to launch $40 million hi-tech technopark

East-West Digital News Obninsk, a ‘science city’ in the Kaluga region, announced plans to build its own $40 million high tech technopark. The effort will be funded on a roughly 50/50 basis between federal and regional coffers, the Nanoprom.ru portal reported earlier...

Sistema Gets Full Control of Sitronics

Moscow Times 24 August 2012 RTI, a subsidiary of AFK Sistema, has acquired full control of technology company Sitronics, AFK Sistema said in a statement, Interfax reported. RTI bought global depositary receipts for 0.52 percent of Sitronics’ shares, increasing...

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,...

Second IT park, new IT village in Tatarstan

East-West Digital News 26 Mar 2012 Russia’s second fastest-growing regional innovation economy in 2011 according to business monitor RBC Daily, is stepping up efforts to assert itself as one of the country’s most business-friendly ecosystems. Less than three years...