Tag Archives: Yandex

PLP Architecture unveils design for new Yandex HQ in Moscow

PLP Architecture is designing an innovative new smart headquarters for Yandex, the Russian technology giant, in the Gagarinsky District of Moscow. The inclusive, 170,000sqm campus will enable staff to have a healthy and sustainable place for seamless work and recreation, a space for inspiration and fun that will integrate technology with materiality to inspire new ideas and refined ways of working. The campus will be a striking yet sensitive addition to the city’s… Source link

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Russia’s Yandex after full control of taxi business as ride-hailing bounces back

MOSCOW (Reuters) – Russian internet giant Yandex (YNDX.O) is interested in taking full control of its Yandex.Taxi ride-hailing service, a joint venture with Uber (UBER.N) which returned to pre-pandemic growth levels in June. FILE PHOTO: The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo Yandex is talking to Uber about increasing its majority stake in Yandex.Taxi, Chief Operating Officer and… Source link

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Yandex agrees to part ways with Sberbank

Yandex, Russia’s leading tech company, has agreed to split up its shared ecommerce and payment joint ventures with state lender Sberbank, bringing to an end a decade-long partnership that had soured in recent years. Under the deal, Yandex will buy out Sberbank’s 45 per cent share in ecommerce venture Yandex.Market for Rbs42bn ($604m) and sell its 25 per cent stake in payments platform Yandex.Money to the bank for Rbs2.4bn. The divorce marks the culmination of growing… Source link

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Russia’s Yandex says Putin-proposed tax benefits not ‘revolutionary’

MOSCOW, June 24 (Reuters) – A tax cut for IT companies in Russia, proposed by President Vladimir Putin, would not have a revolutionary benefit on internet giant Yandex, Chief Financial Officer Greg Abovsky said on Wednesday. Putin on Tuesday proposed cutting tax on IT companies’ profit to 3% from 20%, alongside an income tax increase for wealthy Russians, sending Yandex shares up more than 3%. (Reporting by Alexander Marrow Editing by David Goodman ) Our Standards:The Thomson Reuters Trust… Source link

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Yandex shares surpass $50 on Moscow Exchange – Business & Economy

MOSCOW, June 23. /TASS/. Yandex shares updated historical maximum on the Moscow Exchange. The company’s securities grew by 5.9% and reached 3,444.8 rubles ($50.2) per share. By 18:20 Moscow time, the company’s slowed growth to 3.2% and were trading at 3,359 rubles ($48.92). The company’s shares increased after Russian President Vladimir Putin suggested reducing the insurance contributions rate from 14% to 7.6% and the income tax rate from 20% to 3% for IT companies. “I suggest… Source link

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Yandex and Sberbank agree to reorganize Yandex.Market and Yandex.Money Nasdaq:YNDX

MOSCOW, June 23, 2020 (GLOBE NEWSWIRE) — Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, announces that it has entered into a binding agreement with Sberbank to reorganize their two Joint Ventures – Yandex.Market and Yandex.Money. As a result of this transaction, Yandex will become the controlling shareholder in Yandex.Market, while simultaneously exiting the Yandex.Money joint venture. Tigran… Source link

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Abramovich Investment Helps Internet Firm Yandex Go It Alone

Roman Abramovich is taking a stake in Russia’s largest internet company, Yandex NV, giving it more firepower to buy out ecommerce partner Sberbank PJSC and accelerate a push into online retail. The billionaire owner of Chelsea Football Club and two partners — VTB Bank PJSC and a company owned by steel billionaires Alexander Abramov and Alexander Frolov — bought… Source link

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Yandex surprised by the design of a new headquarters

A park will be built near the headquarters, the first two floors will be occupied by cafes, pharmacies, beauty salons. Visitors can relax, play sports, have a snack. The staff will have access to dining rooms, coffee houses, gyms, and a swimming pool, as well as a spacious rooftop terrace. The facade of the building will be decorated with titanium panels. The headquarters of Yandex will become not only a home for employees and a comfortable space for local residents but also a large… Source link

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In lockdown, Yandex evolves from Russia’s Google to its Amazon

With most residents confined to their homes in Moscow’s sixth week of lockdown, one familiar sight remains on the Russian capital’s near-empty streets: tech giant Yandex’s yellow-jacketed army of couriers. Strict limits on when Muscovites can leave their homes have increased demand for Yandex’s delivery apps, whose user numbers have grown 75 per cent since March, while also driving more people to its search, blogging, and streaming video platforms. Yandex hopes it can… Source link

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