Apr 29, 2013 | Central & Eastern Europe, News, Russia
LONDON, April 26 (Reuters) – Indebted Russian steel group Mechel has backed off from selling up to 25 percent of its mining division because of market conditions, sources with knowledge of the matter said. Mechel Mining stake sale on ice until late 2013 Mechel...
Apr 29, 2013 | Central & Eastern Europe, News, North America, Russia
Luxoft, a prominent offshore software developer with headquarters in Moscow, announced last week the acquisition of the open-source solutions of Freedom OSS as well as “some [of its] other assets.” Based in Newtown, PA, Freedom OSS provides clients in the...
Apr 26, 2013 | Central & Eastern Europe, News, Russia
Last week, RVC, the national fund of funds dedicated to innovation, and PWC presented a report about the Russian VC market in 2012. While in 2011 the total amount of deals reached approximately $400 million, the market more than doubled in 2012, reaching $910.6...
Apr 26, 2013 | Central & Eastern Europe, Latin America, News, Russia
Moscow Times 25 April 2013 The executive order on the creation of a joint venture between Rosneft and Corporacion Venecolana del Petroleo, a subsidiary of Venezuelan oil company PDVSA, has officially gone into effect following its publication in the government...
Apr 26, 2013 | Central & Eastern Europe, News, Russia, Western Europe
Walkbase, a Finnish startup that has developed an innovative retail analytics solution, has received a seed capital injection from Russian and Scandinavian investors after four years of R&D. Neither the amount of the round nor the company’s valuation have been...
Apr 26, 2013 | Central & Eastern Europe, News, Russia
As Russia rapidly emerges as a new hot spot on the world’s innovation map, East-West Digital News, the country’s first international resource on digital industries, has teamed up with influential website The Next Web to offer its unique news and insights to TNW’s...
