Nov 24, 2013 | Central & Eastern Europe, News, Russia, Western Europe
The Moscow Times Chief executive and principal owner of oil companies Russneft and Neftisa Mikhail Gutseriyev has bought a 15-percent stake in London-based oil producer Exillon Energy. Exillon’s management said the company may be sold before the year’s...
Nov 24, 2013 | Central & Eastern Europe, France, News, Russia, Western Europe
East-West Digital News The need to restructure the Russian economy has led to a variety of public policy initiatives. Whatever the official vocabulary, “innovation” is a key aspect of these policies. Therefore, a comparison with a country such as France that has...
Nov 20, 2013 | Central & Eastern Europe, News, Russia, Western Europe
Europe’s fourth-biggest retailer Metro AG is considering floating a 25 percent stake in its Cash & Carry Russia unit in the European spring, three sources familiar with the deal said on Wednesday. The initial public offering (IPO) could value the unit at no...
Nov 20, 2013 | Central & Eastern Europe, News, Russia
Bloomberg Billionaire Mikhail Prokhorov’s Onexim Group agreed to buy Suleiman Kerimov’s stake in OAO Uralkali, bolstering prospects that a standoff over a global marketing venture for key crop nutrient potash will be resolved. The parties expect the purchase of the...
Nov 20, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News 101StartUp, a Russian Internet fund launched recently, has invested $1.2 million in Fishki.net, a user-generated comedic content website, in exchange for a 25% stake. The news was reported last week by Venture-News.ru based on an interview with...
Nov 20, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News Acumatica, a provider of cloud-based ERP solutions for SMBs, announced yesterday that it has raised $10 million in a Series C funding round led by Runa Capital and Almaz Capital, two Moscow-headquartered venture funds operating internationally....
