Saturday, April 4, 2020
Uncertainty caused by the coronavirus crisis has forced Russia’s top consumer electronics retailer M.video to postpone discussions regarding its dividend policy, the company said on Tuesday, according to Reuters. “It is difficult to predict the full impact on our business in 2020 due to developments both inside Russia and globally,”...
Russian state-run bank VTB is testing facial-payment technology at supermarkets and could deploy it on a wider basis by the middle of the year, Dairy News reported. Russia's second-largest lender is testing the technology in the Lenta supermarket chain, the head of the bank's digital division told Izvestia. VTB was the first...
A Russian Soyuz rocket delivered 34 more satellites to orbit for OneWeb’s space-based Internet network in the company’s second launch this year, Space News reported. OneWeb intends to deploy a total of more than 600 satellites in low Earth orbit, which are designed to provide consumers on the ground with...
A test designed to improve the ability of Russia’s domestic internet infrastructure to cope with being cut off from the global network was postponed due to the coronavirus crisis, the Communications Ministry said on Friday, according to TASS. The test, planned for Thursday, had been aimed at developing ways to...
Major players in Russian video streaming services are securing funding and launching original content production, as the segment is recording strong growth, bneIntellinews writes. In 2019, Russian online video streaming segment grew by 50% to reach 17.1 billion rubles ($237.5 million), a study by TMT Consulting says, adding that this year,...
Russian internet companies Yandex and Mail.ru Group, the country’s Direct Investment Fund (RDIF), and the Russian Union of Industrialists and Entrepreneurs (RSPP), have announced the creation of an alliance against the coronavirus, Kommersant reports. According to a press release from Moscow, the main objective of the alliance is to ensure “operational...
Cloud services in Russia are on the rise, with some companies still realizing the sector’s potential value for their business, while others might be put off by security issues, bneIntellinews writes citing a report by consultancy IDC. According to the report, in 2019, cloud services grew by about a quarter...
A number of hi-tech systems have been launched by the Russian government as part of efforts to stop the spreading of the coronavirus, The Moscow Times reports.  In recent days, Russia has imployed systems that monitor social media for “fake news” on the coronavirus and spot empty supermarket shelves, while...
Scientists in Russia have begun tests for vaccine prototypes for the new coronavirus, and plan to present the most effective one by June, a laboratory chief at a state biotech institute said, according to Lenta.ru. Russia has reported 93 cases of infection but no deaths, according to official numbers published...
The structure of the small business sector in Russia is changing gradually and becoming ever more high-tech-oriented, Vladimir Putin told TASS in the latest episode of a long-running interview series with the Russian President.  Putin stressed that in the 2000s nearly all of Russia’s small businesses were in retail trade,...