Page 23 - bne_newspaper_October_26_2018

Opinion
October 26, 2018 www.intellinews.com I Page 23
bne:Tech
May, 2018 www.intellinews.com @bneintellinews
Avast to enter London bourse in bid to raise up to $1bn Jaroslav Hroch in Prague
Avast, which owns the popular consumer antivirus company AVG, will apply to list its shares on the London Stock Exchange in the hope of raising $200mn (CZK4.1bn) in primary proceeds from an IPO, the Czech-founded company announced on April 12.
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St Petersburg's start-up scene flourishes on high talent and low costs
Contents
Avast to enter London bourse
in bid to raise up to $1bn 1 Avast to enter London bourse in bid to raise up to $1bn 2 St Petersburg's start-up scene
flourishes on high talent and low costs 3 Romania entrepreneur aims to put home-grown UAV defence technology industry on the map 6
FinTech
Russia's mobile major MTS increases stake in Ozon to 16.7% 9
Blockchain
Romanian startups at the heart
of blockchain energy trading rally 10
Central Europe
Russian-Lithuanian startup Gosu.ai
raises $1.9mn from Russian and
French investors 13
Eurasia
Iran hit by cyber attack that left US
flag on screens 14 Iranian government set to block hugely popular Telegram messaging app 15 Iran's black market phone disconnection drive pushes up legal mobile imports 15
Eastern Europe
Internet catches up with TV on Russian
ad market 17 Sales of connected appliances jump
in Russia 17 Russia's HeadHunter Group seeks
to raise $250mn with NASDAQ IPO 18 Russia ranks second in the world
for digital piracy 18 Russian messaging service Telegram raised another $850mn with ICO 19
Southeast Europe
Russia's HeadHunter Group seeks
to raise $250mn with NASDAQ IPO 20
The Regions This Month 21
Filip Brokes in St Petersburg
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globalisation. But there will be lots of fights along the way,” said Fischer.
But there is a long way to go. Picking up on Fischer’s point that the world is not organised
to deal effectively with these challenges, Vladimir Yakunin, the former Russian railways minister and now on the board of the Dialogue of the Civilisation think tank, pointed out that there is no true global infrastructure to coordinate the global actions to address these challenges.
“Multilateralism is not the invention of Russia or China. There are only two truly multilateral institutions: the dollar based financial and trade system and the WTO. That’s it,” said Yakunin.
The UN is an international organisation but it has a hard time implementing its decisions, Yakunin continued. “It is impossible to implement a decision in only one country any more,” Yakunin added. “The USSR destroyed itself as it tried to do exactly that: manage the whole economy from the centre. But the world is too complicated. And if one country fails to make a command economy work what hope is there for a unipolar world? It doesn't work.”