Feb 16, 2013 | Central & Eastern Europe, News, Russia
The Moscow Exchange began trading of its own shares Friday in a successful conclusion to the largest initial public offering carried out solely in Russia. The bourse sold 15 billion rubles ($500 million) worth of shares for 55 rubles each, the lower end of the...
Feb 15, 2013 | Central & Eastern Europe, News, Russia
Prostor Capital is considering selling its majority stake in Dulton Media or “associating it with a strategic partner” to further develop it, the fund’s Managing Director Alexey Solovyov said in an exchange with East-West Digital News. A Moscow-based startup...
Feb 11, 2013 | Central & Eastern Europe, News, Russia
Moscow Times The European Bank for Reconstruction and Development loaned 150 million euros to major auto parts manufacturer Gestamp Automocion to upgrade its Russian facilities, the EBRD said Monday. The loan will boost the company’s presence in the key Russian...
Feb 1, 2013 | Central & Eastern Europe, News, Russia
Since the beginning of 2013, the Microsoft Seed Fund has provided a total of $110,000 in grants to two startups from Russia’s regions. A $50,000 grant went to RealSpeaker, a startup from Kazan, Tatarstan, which offers a new approach to speech recognition. The company...
Jan 29, 2013 | Central & Eastern Europe, News, Russia
Rambler-Afisha, an Internet group owned by Russian tycoon Vladimir Potanin’s ProfMedia holding, is seeking to attract an investor in Begun, a context advertising company which it fully acquired just months ago. In an >exchange with the Russian business daily...
Jan 24, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News 23 Jan 2013 Qiwi, a leading operator of cash payment terminals and electronic wallets operating in Russia and internationally, intends to invest in startups whose solutions could help the group develop its own offers. ‘Qiwi Venture’ will stand...
