Russian companies have started working on receiving access to correspondence of WhatsApp, Viber, Facebook Messenger, Telegram and Skype users under data retention laws aimed at fighting terrorism. Con Certeza, a developer of a system for investigation activities on networks of mobile operators, is looking for a contractor to research catching and deciphering traffic of the…
The board of directors of the Russian state-owned oil major Rosneft has approved participation in privatization of a 50.08% government stake in oil company Bashneft, sources familiar with the matter reported. Rosneft said in a separate statement that the board had approved a large deal, and a representative of the company said that the deal’s…
The Ukrainian IT service market by 2020 could expand to $5.7 billion from $2.7 billion in 2015 if the tax burden for the sector grows no more than 1% a year, according to a study of PricewaterhouseCoopers (PwC) conducted under order of the European Business Association (EBA). According to the study, the results could be…
Naftogaz Ukrainy projects its net profit for 2016 will amount to 18.355 billion UAH against 34.053 billion UAH of net loss a year earlier, according to a company report for 2015. The company estimates its profit in the second half of 2016 at 897 million UAH. Naftogaz expects sales income in 2016 to come to…
Russia’s gross domestic product (GDP) may fall by 0.6% this year but go up by 0.5-0.8% next year meaning that recession will be over soon, Alexei Kudrin, a former finance minister and the current head of the Center for Strategic Research, said. The Economic Development Ministry expects the economy to contract 0.6% in 2016 and…
IMF mission presented the report on economic situation in Belarus. The report mentions that during 2015-2016 economic condition in Belarus was defined by “the decrease in national currency rate, salaries and at the same time growth of unemployment”. Moreover, IMF forecasts further economic decrease. Without structural reforms minor growth (+0.5%) can be expected in 2018.…
Russia is in general ready to back a freeze of oil production, Economic Development Minister Alexei Ulyukayev reported. “We’ve already said that we are ready to support efforts in freezing oil production. The level of the freeze is a question that has to be discussed, but in general we are ready to support the idea”,…