Jun 24, 2014 | Africa, Central & Eastern Europe, News, Russia
Moscow Times June 24, 2014 Russia’s No. 2 oil producer LUKoil has bought a 37.5 percent share in the Etinde project off the coast of Cameroon from Edinburgh-based oil and gas explorer Bowleven, both companies said Tuesday in online statements. At the same time,...
Jun 24, 2014 | Central & Eastern Europe, News, North America, Russia
Moscow Times June 24, 2014 U.S. healthcare firm Abbott Laboratories is to buy Russian drugmaker Veropharm for up to $495 million, giving it a manufacturing presence in a country where it has been operating for nearly 40 years, Abbott said Tuesday. The deal bucks a...
Jun 23, 2014 | Central & Eastern Europe, News, Russia
Moscow Times June 23, 2014 The Russian Direct Investment Fund, or RDIF, on Monday launched an online information portal aimed at attracting foreign investors to Russia. The Invest in Russia “portal gives clear examples of the successes enjoyed by international...
Jun 23, 2014 | Central & Eastern Europe, News, Russia
East-West Digital News Ostrovok.ru, a major Russian hotel booking service, announced last week that it has raised $12 million in a round led by Vaizra Capital, a fund which belongs to Vkontakte co-founders Vyacheslav Mirilashvili and Lev Leviev. A number of the...
Jun 23, 2014 | Central & Eastern Europe, News, Russia
Last week, Russian online local-search service Yell.ru announced that it has secured $11 million, which includes $8 million from Vostok Nafta and $3 million from current investor AB Kinnevik. In addition to providing a search engine, Yell.ru offers user reviews about...
Jun 21, 2014 | Central & Eastern Europe, News, Russia
Gill Business Systems (Gillbus), a company that develops inventory distribution systems (IDS) for the bus-transportation industry, has secured $3 million from a consortium of three venture funds – Intel Capital, InVenture Partners and FinSight – at an undisclosed...
