Quotes (RBCM)

Currency
Date
Last trade
Current price
Change
Market cap

Data is delayed by 15 min.

Press releases | Archive 2007

RBC expands to Kazakhstan market

Moscow, December 3, 2007 - OAO RBC Information Systems (MICEX, RTS: RBCI) has announced the opening of a CNews editorial office in Kazakhstan and the launch of a corresponding Internet site at CNews.kz. This online publication has become Russia's first mass media source dedicated to hi-tech news in Central Asia.

The IT sector in the Republic of Kazakhstan has been viewed as one of the most promising and fastest growing in the CIS. This market has drawn a lot of interest from investors, IT vendors and systems integrators both inside the country and internationally. All major IT brands have already set up their representative offices in Kazakhstan. According to IDC forecasts, Kazakhstan's IT market will reach $773m in 2007, up 27% from a year earlier.

"We have taken a confident step beyond Russia's borders as promised," CNews Director Eduard Erkola said. "We have picked Kazakhstan as a foreign launch pad, as it is a nation set the most firmly on the path towards the formation and development of high-technology. CNews has become the first Russian resource focusing on the Central Asian ICT market, and we are positive that with the energy of our Kazakh colleagues, we will be better suited to meet the requirements of the most demanding readers."

"Equipped with a powerful tool - the long-standing experience of the Russian editorial office - we will be able to hoist the publication to a strong position among Kazakhstan's business mass media," CNews Editor-in-Chief Maxim Kazak is assured. "ICT markets of neighboring states have also been showing healthy progress, and in the coming year we are set to establish stable information channels linking us to Kyrgyzstan, Uzbekistan, Turkmenistan and Tajikistan."

CNews.ru has been operating on the Russian market since 2000. In December 2004, the CNews magazine appeared in a print format for the first time. In August 2006, a representative office was set up in St. Petersburg, and the English version of the CNews website was launched in December 2006. In November 2007, the monthly audience of CNews.ru reached 2.9 million unique users.


Press and investor contacts:
Egor Timofeev
Tel: +7 (495) 363-1111
Email: pr@rbc.ru
Web: www.rbcholding.com