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Yandex does not plan to leave Turkish market

June 19, 2015, 14:04 UTC+3 ST. PETERSBURG

Yandex entered the Turkish market in autumn 2011

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© ITAR-TASS/Yevgeniy Kurskov

ST. PETERSBURG, June 19. /TASS/. Russian search engine Yandex does not plan to leave Turkey’s market, the company’s CEO Arkady Volozh told journalists on Friday on the sideline of the St. Petersburg International Economic Forum.

"We will definitely not," Volozh said, answering a question on whether the Russian search engine plans to leave Turkey’s market.

In June 2015, the Vedomosti newspaper reported that Yandex failed to make significant gains on the Turkish market and the company could leave the foreign market in 2016, citing analysts from Aton investment company who met with Yandex director on relations with investors Yekaterina Zhukova.

Yandex entered the Turkish market in autumn 2011.

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