Yandex re-registered application development in Serbia – Kommersant

Yandex re-registered application development in Serbia - Kommersant

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When dividing assets, Yandex registered applications in online stores with a new provider in Serbia. In the App Store, Micromobilnost Doo is listed as the application developer, and in Google Play, Micromobilnost LLC Belgrad is listed. Noticed the changes “Vedomosti”.

From the spring of 2022 until the end of October 2023, the Swiss legal entity Intertech Services A (until 2022 – AG Yandex Services AG) was listed as the application developer in stores. The company’s main ridetech and e-commerce segment applications – Yandex Drive, Yandex Food, Yandex Go, Yandex Market – have been re-registered to Serbian providers. Despite this, judging by the card in the application store, the copyright belongs to the Russian Yandex LLC.

The Yandex representative did not clarify for the publication exactly when the provider change occurred and what it was connected with. He stated that “changes across applications have occurred gradually over the last half of the year.”

The main legal entity of the company in Serbia is Yandex.Technologies Belgrade. According to the BBC, Yandex opened its first office in Belgrade in the summer of 2022. In June 2023, Yandex confirmed the opening of a second office in Serbia.

In November 2022, it became known about plans to separate Yandex’s Russian and international business assets, led by the Dutch company Yandex NV. At the end of October this year, the company received permission from the government commission for the control of foreign investments for the internal restructuring of the group.

As the agency reported in November Reuters citing sources, the Dutch Yandex NV plans to sell the entire Russian business. Sources estimated the deal at $5-6.18 billion, or 560 billion rubles, taking into account a 50% discount on the sale of foreign assets.

Anastasia Larina

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