Sumgait Chemical Industrial Park to double in size

Sumgait Chemical Industrial Park, Azerbaijan’s  technology and innovation hub (SCIP) has been allocated a further 127 hectares which will…

Second Runa technology investment fund launched

Runa technology investment fund: The investment company Runa Capital has launched a second fund to invest in…

Russian computer games market enjoys growth spurt

Russian computer games market: Russia’s computer games market is one of the fastest growing in the world,…

Russian pirated software on the decrease

Russian pirated software installed on PCs and laptops is decreasing, but still costs business around RUB87bn.…

Baikal microchips to replace Intel and AMD

Domestically produced Baikal microchips are to take over several multi-million-dollar contracts for the supply of microchips…

Yandex acquires Auto.ru classified website

Russian search engine Yandex on Monday announced that it had agreed to buy the country’s most popular car classified…

Azerbaijan high-tech chip production gets funding

Azerbaijan high-tech chip production: Azerbaijan’s Ministry of Communications and High Technologies  is to allocate $7.6m to the high-tech…

Softline 2013 revenues near $1bn

Softline 2013 revenues: Revenues at Russia’s Softline group of companies grew by 18% to reach $950m last year, the…

Azerbaijan develops encryption software

Azerbaijan develops encryption software Azerbaijan’s state-owned Data Processing Centre has created software enabling the encryption of…

Kaspersky Labs post 6% growth

Kaspersky Labs: Software provider Kaspersky Labs increased revenues by 6% to $667m in 2013. Sales to…

Yandex tops Russian advertising charts

Yandex tops Russian advertising charts: Russian internet giant Yandex became the country’s largest revenue generating media organisation last…

Azerbaijan high-tech start-ups to get business training support

Azerbaijan high-tech start-ups: The Azerbaijan Government has organised a series of training workshops for indigenous high-tech…

Impulse VC backs eLama.ru contextual advertising start-up

The Impulse VC investment fund has committed $800m to the eLama.ru contextual advertising start-up. The company is developing…

Russian online advertising booms while print struggles

Russian online advertising revenues rose by 27% to RUB 71.1bn last year while volumes of print advertising…

Google and Yandex in advertising deal

Google and Yandex: Russia’s most popular search engine Yandex has entered into a partnership with Google…