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 17, 2013 | Central & Eastern Europe, News, Russia
Three major venture capital funds, Moscow-based Runa Capital and Almaz Capital as well as Kiev-based TA Venture, in conjunction with BIONIC Hill innovation park, Ukraine’s first innovation park, are joining forces to establish the Global Technology Foundation...
Apr 17, 2013 | Central & Eastern Europe, News, Russia
Russia’s Far Eastern region of Yakutia (Sakha) is planning to open its own hi-tech park by 2015, the Russian news agency Interfax reported earlier this week, citing a statement by Anatoly Semenov, the CEO of Yakutia, a techno-park already in operation in the area....
Apr 16, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 17 April 2013 ICT Group president Alexander Nesis has sold half of his shares in potash producer Uralkali, Vedomosti reported Tuesday, citing a bond prospectus. His stake was reduced from 9.94 percent to 5.1 percent. Some of the shares could have been...
Apr 16, 2013 | Central & Eastern Europe, News
PRAGUE, April 15 (Reuters) – Swiss company Alpiq has asked for improved offers for two Czech power plants after bids were well below its expectations, Czech newspaper Hospodarske Noviny reported on Monday. The newspaper cited a partner in one bidding group, Petr...
Apr 15, 2013 | Central & Eastern Europe, News, Russia
Garpun, a Moscow-based startup that provides digital agencies and corporate advertisers with online ad management tools, has raised $3.5 million from the Russian PE & VC fund iTech Capital. The valuation of the startup has not been disclosed, but iTech Capital’s...
