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IT and Telecoms market in Russia, up-to-date news, analyses and market data.
 
 

E-commerce


Vimpelcom launches own mobile electronic payment service

Vimpelcom, one of the biggest telecommunication companies in Russia, together with Alfa-Bank, launched its own universal payment system for mobile and electronic commerce. The service is operated under the RURU ... more»
2011-06-27
 

E-purse market growth in 2010

The e-purse market in Russia grew from RUB 40bn ($1.4bn) in 2009 to RUB 70bn ($2.5bn) in 2010, according to the Association of E-money. The number of customers increased by 50% to 30 million. The Association forecasts ... more»
2011-03-23
 

E-commerce 2010 sales reach $6bn

E-commerce sales in Russia amounted to RUB 176bn ($6bn) in 2010, according to a research report published by InSales. Online sales of consumer electronics generated the highest monthly revenue, exceeding RUB 3bn ... more»
2011-03-03
 

Online gaming market registers significant growth

The Russian online gaming market is estimated to grow by 62% in 2010 in comparison to 2009, according to J’Son & Partners Consulting. In 2009, the turnover of the online gaming market in Russia amounted to ... more»
2011-01-03
 

Russians spend $20bn online

Russians are to spend RUB 600bn ($20bn) on online shopping in 2010, according to Citibank. The majority of internet purchases takes place in Moscow and St. Petersburg. It is estimated that the market for electronic ... more»
2010-12-20
 

Rosnano to develop smart store network in Russia

The Russian nanotechnology company Rosnano is planning to launch a network of smart stores in Russia by transforming retail business technology across the entire country, according to the company’s CEO, Anatoly ... more»
2010-11-17
 

Russian online gaming market grows six-fold

The Russian online gaming market grew by more than six times in 2009 in comparison to 2008 and reached 12.1 million users, according to J’son & Partners Consulting. The value of the online gaming market in ... more»
2010-11-05
 

E-purse transactions in Russia reach $1.3bn

The e-commerce market in Russia continues to grow steadily but needs fast, secure and effective payment systems, according to the Electronic Money Association. E-purse transaction volumes reached approximately RUB 40bn ... more»
2010-10-26
 

Yulmart revenue grows during crisis

Despite the economic recession, the computer and electronics retailer Yulmart has increased its revenue by 240% in two years. Its Yulmart Outpost chain comprises 17 retail outlets and the company has two large warehouses ... more»
2010-07-16
 
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