Oct 30, 2013 | Central & Eastern Europe, News, Russia
Oct 30 (Reuters) – Russia’s Otkritie Financial Corp. is buying mid-sized Petrocommerce bank from IFD Kapital, an investment company with ties to energy major Lukoil’s largest shareholders, Otkritie said in a statement on Wednesday. Petrocommerce,...
Oct 30, 2013 | Central & Eastern Europe, News, Russia
The Moscow Times Rosneft, the world’s largest listed oil company by output, has asked President Vladimir Putin to sell it the state’s 20 percent stake in Novorossiisk Commercial Sea Port, or NCSP, Reuters reported. Rosneft CEO Igor Sechin, a Putin ally,...
Oct 29, 2013 | Central & Eastern Europe, News, Russia
The Moscow Times A U.S. biotech firm has announced that a subsidiary has won a $4.6 million dollar contract in research funding from the Russian Industry and Trade Ministry, barely a week after announcing an earlier funding agreement with Moscow, a medical news...
Oct 29, 2013 | Central & Eastern Europe, News, Russia
Moscow Times Internet company Sape.ru is launching a comprehensive new investment vehicle aimed at developing the Russian startup scene, one of the company’s founders said. The new fund, called Impulse, will employ the basic tools of the trade: an accelerator,...
Oct 28, 2013 | Central & Eastern Europe, News, North America, Russia
MOSCOW Oct 28 (Reuters) – Russia’s mid-sized Sovcombank is buying the local unit of GE Money Bank, a subsidiary of U.S. conglomerate General Electric, in another departure of a foreign bank from a Russian domestic market dominated by state-controlled...
