Yandex,  a Russian Internet company which operates the largest search engine in Russia, plans to work out its own web and mobile browser, reports The Vedomosti. A mobile version will be for iOS и Android operation systems. The browser might be launched in October this year or, according to other source in the 4th quarter 2012 or in the 1st quarter 2013.

Operating its own browser will let Yandex to promote its services easier and the company will stop loosing the market share.

The working out a web browser is estimated into $ 1.2 million. The mobile versions will cost about $ 2 million, says the founder of Liveinternet German Klimenko.