As reported by Sputnik on Friday, the Russian IT giant Yandex will build an office in Istanbul on March 1 to enable development teams to support and enhance services for the Turkish market.
Russian media had earlier in the day claimed that Yandex intended to open a hub in Turkey on March 1.
“For a very long period, we have been expanding our business in Turkey. For instance, local customers already have access to mapping and logistical services. This office’s attention will be on teams that must be present in the nation to create services for the domestic market “In a statement, the corporation confirmed earlier claims.
Several nations throughout the world, including Kazakhstan, Armenia, Belarus, Israel, the Netherlands, Uzbekistan, and Serbia, have offices for Yandex.
The parent company of the Russian IT giant, Yandex N.V., which is registered in the Netherlands, declared in late November that it will restructure the group’s ownership and separate itself from the Russian business owing to geopolitics. 45.1% of the shares in the Dutch company are under the control of Arkady Volozh’s family trust, the founder and former CEO of Yandex. In relation to Russia’s special operation in Ukraine, the EU imposed sanctions against Volozh in June 2022.