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The uneasy coexistence of Yandex and the Kremlin

From the end of March until mid-June, while Moscow was under coronavirus lockdown, the Russian capital emptied out—mostly. On walks to the supermarket or pharmacy I was passed by streams of cyclists in the trademark yellow uniform of Yandex’s food delivery service. On the road, the few vehicles aside from police cars or buses were…
United States Khabarovskiy Kray Moskovskaya Oblast New York Dmitry Medvedev Alisher Usmanov

Yandex to spend $400-500 million on e-commerce

18 Feb in 2:03 Reuters Russia’s Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said, Reuters reports. Yandex’s core advertising business took a hit during the early stages of the COVID-19 pandemic, but surging interest in online transactions allowed other segments of its business to flourish, including food d...
Greg Abovsky Daniil Shuleyko Chief Financial Officer Yandex Market Yandex Lavka Yandex Taxi

EQS-News: Yandex N.V.: Yandex Announces Fourth Quarter and Full-Year 2020 Financial Results

EQS-News: Yandex N.V.: Yandex Announces Fourth Quarter and Full-Year 2020 Financial Results Yandex Announces Fourth Quarter and Full-Year 2020 Financial Results 16.02.2021 / 14:00 MSK Yandex Announces Fourth Quarter and Full-Year 2020 Financial Results MOSCOW and AMSTERDAM, the Netherlands, February 16, 2021 -- Yandex (NASDAQ and MOEX: YNDX), one of Europes largest internet companies and the leading search and ride-hailing provider in Russia, today announced its unaudited financial results for...
United Kingdom Noord Holland Russian Federation Greg Abovsky Tigran Khudaverdyan Yulia Gerasimova

Russia's Yandex to spend $400-500 million on e-commerce in 2021 after profit rise

Russia's Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said.
Greg Abovsky Emelia Sithole Matarise Katya Golubkova Daniil Shuleyko Thomson Reuters Trust Principles Chief Financial Officer

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