Yandex moves to $30mln headquarters

One of the Russian "big three" web-businesses - Yandex search company - moves to its new headquarters in the centre of Moscow. That would cost Yandex about $30 mln/year, which makes a half of its 2007 net profit. According to S. A. Ricci/King Sturge partner Vladimir Avdeev, the sum could reach 32 mln euro with 1100/meter rent. Yandex gave no comment on the financial side of the story, saying the move was caused by the growing number of the stuff.