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With the stock markets not so healthy due to the status quo of the world's economy, for now we still can't say that things are that bad.
IPOs of major internet related companies still draw attention from investors and the successes of Google and Baidu are inspirations for the following ones.
It's important to notice that although the USA continue to be the barometer of the world's economy, the buying power is starting to get more balanced, shifting towards East, namely Russia, China and Middle East; something that one can confirm if paying attention to who buys what at auctions from Christie's or Sotheby's.
Yandex is part of a market with great possibilities and certainly will appeal to the big players.
Have a nice week,
José