Oct 20, 2013 | Central & Eastern Europe, News, Russia
MOSCOW, Oct 17 (Reuters) – Russian bank VTB has agreed to sell 50 percent of Tele2 Russia, turning a quick profit and gaining investors with the expertise that could help it to challenge the dominance of Russia’s big three mobile phone operators. * VTB...
Oct 20, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News Fresh Solutions, a St. Petersburg-based publisher of cloud-based CRM solutions, has secured 37 million rubles (a little more than $1.1 million) from Imperious Group. The startup was valued at $6 million pre-money, East-West Digital News learned...
Oct 20, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News Open Retail, a subsidiary of marketing communications agency Open Group, has raised about $2 million from Prostor Capital to develop Smart Checkout, a hardware and software system that identifies customer preferences during checkout and produces...
Oct 17, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News LitRes, a leading online retailer of Russian language e-books, has raised $5 million from Russian Internet Technology Fund (RITF), a $50 million fund established earlier this year. The company’s valuation has not been disclosed, but the fund...
Oct 17, 2013 | Central & Eastern Europe, News, North America, Russia
East-West Digital News Cinarra Systems, a developer of mobile operator analytics and monetization technologies, announced yesterday a $4.5 million Series A round of “venture capital and strategic financing.” The round was led by Russia’s Almaz Capital, while Cisco and...
Oct 14, 2013 | Central & Eastern Europe, News, Russia, Western Europe
The Moscow Times Italy’s ERG agreed Wednesday to sell its remaining stake in the ISAB oil refinery in Sicily to complete its transformation into a renewable energy company. The company announced that it will sell its 20 percent of the refinery to Russia’s...
