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Yandex announce record profits in Russia

Yandex, Russia’s most popular search engine portal, have announced record profits for last year. Net profit of the company in 2005 was $13,6m, and turnover (revenue) was $35,6m (on US GAAP, without including NDS). Those figures have doubled since 2004. … Read More

Decline of dial-up in Russia

With ADSL lines increasing to 8MB in the US and Europe it is easy to forget that many Russian users still access the internet using a dial up connection. However research carried out this month by the ROMIR group has … Read More

Russian Internet usage at 17% of population

ROMIR, the independent research group has released their periodical results for internet usage, which show that at the end of 2005, RuNet users share made up 17% of the whole adult population of Russia. While this was a disappointing dip … Read More

Russian Outsourcing & Software Summit 2006

For those looking beyond the usual conference schedule this year, the RUSSOFT summit held in Moscow from May 31st to June 2nd offers a chance to meet Russian outsourcing companies first hand. The summit was started to promote Russia’s programming … Read More

Russian IT Sector to Rise to $40Bln

The telecommunications and information technology industry will grow to exceed $40 billion a year by 2010, IT and Communications Minister Leonid Reiman said on Monday at a news conference held in Moscow. The total market was reported to have reached … Read More

Russian Rambler buys 51% of Price Express

In a busy week of consolidation for Russian search engines, Rambler has purchased 51% of Price Express, a leading e-commerce Internet company and owner of several high profile web sites in RuNet. Price Express operates the internet portals Price.ru, Domoteka.ru … Read More

Yandex release desktop search for Russia

Yandex, the Russian mega-portal, announced today the release of their desktop search software; Yandex Personal Search The software can be downloaded from their site free of charge and runs on Windows 98, 2000, XP and 2003. It allows textual searching … Read More

Rambler launches new online shopping portal in Russia

Rambler, the popular Russian search engine, has announced today the launch of their new shopping portal; Rambler Hypermarket. The project was launched in cooperation with eHouse Holding, a leader in the Russian internet shopping market. Irina Gofman, CEO of Rambler … Read More

Oil boom driving the Russian e-economy

The Moscow Times reports on the startling effects the boom in oil revenue is having on the Russian IT sector. The countries leading IT companies have stated it is growing three times faster than the rest of the economy. This … Read More

Yandex Founder Interviewed by Moscow Times in Russia

The Moscow Times carries an interview today with Arkady Volozh, CEO and Founder of mega-portal Yandex. After his recent trip to Silicon Valley there has been renewed interest in internet developments within the mainstream Russia press. While the interviewer here … Read More

Russia's Yandex courting foreign investors in the US

There has been a renewed interest in RuNet developments this month after the successful trip by Russian mega-portal Yandex to Silicon Valley. The Moscow-based company met with several potential strategic partners including “leading search firms”. An announcement is expected by … Read More

Russian internet has 180,000 web sites

RIA Novosti reports that there are now 180,000 web-sites on Runet, the Russian Internet domain. These figures were announced this Friday by Mikhail Seslavinsky, the head of the Russian Federal Agency for Print and Mass Media. He said that the … Read More

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