Russia hopes Yandex enters Iran market

Russia hopes Yandex enters Iran market

Baku, Azerbaijan, Oct. 29

By Umid Niayesh - Trend:

Minister of Communications and Mass Media of Russia says he hopes that Russian Internet companies, including search engine Yandex will enter Iranian markets.

During an interview on Russia 24 TV Oct.29, Nikolai Nikiforov said Iranian Minister of Communications and Information Technology Mahmoud Vaezi expressed during a joint press conference in Tehran that this country is keen to cooperate with Russian companies, engaged in social networks, internet security and search engine websites, but nothing was said about opening the Yandex office in Tehran during press conference.

"However, Iran's internet market is very suitable and can be profitable for Russian companies, including Yandex which is the forth biggest search engine in the world."

"Iran's economy is number 17 in the world, and a population of 80 million is a very good opportunity for Russian companies to expand their ties with Iran," he said.

Earlier Iranian media quoted Vaezi as saying that Yandex is to open an office in Tehran, but then Yandex denied it. However, Iranian Communications and Information Technology ministry brought clarity to confusion over opening of the Yandex office in Tehran.

The initial suggestion to open an office of Yandex in Iran came from Nikolai Nikiforov, Russian Minister of Communications, Mohammad Reza Farnaghizadeh, head of Public Relations Office at Iran's Communications and Information Technology Ministry told Trend Oct. 27.

Nikiforov expressed readiness to open an office of the Russian search engine Yandex in Tehran during a meeting with his Iranian counterpart Mahmoud Vaezi on Oct. 25, Farnaghizadeh said, adding the Iranian side welcomed the suggestion.

He underlined that no more details were discussed on the issue.

It should be noted that Vaezi speaking to reporters on the sidelines of his meeting with Nikiforov said that it was agreed that Yandex would open an office in Iran to optimize its services for the Iranian people.

Meanwhile an official with the company's press office told Trend Oct. 26 that Yandex currently has no plans to open new offices, which led to confusion over the issue.

However Yandex emphasized that the company is open to new cooperation opportunities.

Farnaghizadeh made clear that the issue for the first time discussed in Tehran during the ministers meeting and most likely the company's official was not informed about the Tehran negotiations.

Yandex is a Russian Internet company that operates the largest search engine in Russia with about 60 percent market share in that country. It also develops a number of Internet-based services and products.

The company ranked as the 4th largest search engine worldwide, based on information from Comscore.com, with more than 150 million searches per day as of April 2012, and more than 50.5 million visitors (all company's services) daily as of February 2013.

Edited by CN

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