Aug 7, 2013 | Central & Eastern Europe, News, North America, Russia
Moscow Times VOLGOGRAD — U.S. agribusiness giant Cargill is spending at least $200 million to build a sunflower oil factory in the Volgograd region in southern Russia, the local government said Tuesday. The region, bisected by the Volga River, annually produces more...
Aug 7, 2013 | Central & Eastern Europe, News, Russia, Western Europe
Moscow Times — Rustam Tariko, the owner of Russian Standard vodka, has increased his controlling share in the Italian winemaker Gancia and is expected to buy out the rest of the company in the near future. Tariko increased his share in the family winemaker from 70...
Aug 6, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News Moscow-based IT service provider Active Cloud Development has teamed up with Moscow Seed Fund and Softline Venture Partners to develop an innovative IaaS (infrastructure as a service) platform christened “CloudBox.” The three partners have...
Aug 6, 2013 | Central & Eastern Europe, News, Russia
Moscow Times Yota founders Sergei Adonyev and Albert Avdolyan plan to sell their 13.5 percent share in Garsdale Services, the company that owns Skartel and the Yota brand, in another development related to the Megafon-Yota merger, Vedomosti reported Tuesday. The 13.5...
Aug 6, 2013 | Central & Eastern Europe, News, North America, Russia
(Reuters) – Billionaire Russian businessman Gennady Timchenko, a long-time associate of Russian President Vladimir Putin, plans to seek U.S. government-backed funding to buy luxury aircraft, Reuters has learned. To smooth the path for financial backing from the...
Aug 5, 2013 | Central & Eastern Europe, News, North America, Russia
The Moscow Times Investment group Sputnik and its Russian partners have purchased a 35 percent stake in PalliaTech, an American producer of marijuana-based pain medication. The deal was worth $10 million, making it a relatively small investment for Sputnik, its CEO...
