Apr 18, 2013 | Central & Eastern Europe, News, Russia
“Coercion to innovation” – a term coined by the Russian business media for the Medvedev cabinet’s policy of incentivizing Russian state-controlled businesses and overcoming their general non-receptiveness to modernization – has produced little result, and it is...
Apr 15, 2013 | Central & Eastern Europe, News, Russia
VTB Capital, the investment arm of Russia’s VTB Group, has acquired a minority holding in National Satellite Company, Russia’s largest satellite TV operator working under the Tricolor TV< brand name. While announcing the partnership this past Tuesday, the partners in...
Mar 18, 2013 | Central & Eastern Europe, News, Russia
Last week, Ponominalu.ru, a Moscow-based online provider of show tickets, announced the completion of its first round of financing, securing $1.5 million from Buran Venture Capital at an undisclosed valuation. Ponominalu.ru is expected to use the investment capital to...
Mar 12, 2013 | Central & Eastern Europe, News, North America, Russia
VimpelCom, a leading Russian mobile operator, is considering a North American expansion amid negative market sentiments over the company’s already weighty debt level. VimpelCom CEO Jo Lunder told Bloomberg earlier this year that his company “has an interesting...
Mar 12, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News 8 March 2013 Ru-Net, a Russian tech fund with headquarters in Moscow and New York, has shelled out $6 million to buy a 25% stake in, an online retailer of children’s goods, the Russian business daily Kommersant reported earlier this week, citing...
