SimpleFinance, a Russian online micro-lending platform targeting small and medium-sized businesses, earlier this fall secured an equity investment from the SBI FinTech Business Innovation Fund LPS, EWDN reported.
Russia rose five spots to #38 out of 137 countries in the latest edition of the World Economic Forum’s (WEF) Global Competitiveness Index, with its score increasing to 4.64 from 4.51 in last year’s report, the US-Russia Business Council reported, citing the source.
The overall entrepreneurial activity in Russia reached a record high of 11.3% in 2017, the US-Russia Business Council reported, citing the new Global Entrepreneurship Monitor 2016/17, which is produced by several global economic schools including Babson College and the London Business School.
Ruselectronics, a large state-owned electronics maker, has unveiled its pioneering technology that helps recover parts of the human face lost to traumas or oral and maxillofacial surgeries, or missing at birth already.
The outlook for transition to digital economy in Russia will be discussed at the VI International Business Summit in Nizhny Novgorod, according to reports from a meeting of the Summit Organizing Committee held Monday, August 28 in the Nizhny Novgorod Kremlin.