Aug 7, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News In late July, Bay.ru (Bayru), a leading cross border sales operator facilitating Russian consumers’ purchases from eBay, Amazon, and other international e-commerce sites, announced that it had raised $4 million to strengthen its marketing and...
Aug 7, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News Russian venture fund iTech Capital announced last week its investment in iConText, a leading independent provider of search engine marketing (SEM) services. The transaction amount has not been disclosed, but the fund stated that it acquired...
Aug 7, 2013 | Central & Eastern Europe, Latin America, News, Russia, Western Europe
Moscow Times State gas giant Gazprom is making Latin America its new priority market and is increasing its involvement in the region. In addition to projects in Bolivia and Venezuela, Gazprom is intensifying negotiations with Wintershall to buy into the German...
Aug 7, 2013 | Central & Eastern Europe, News, North America, Russia
Moscow Times VOLGOGRAD — U.S. agribusiness giant Cargill is spending at least $200 million to build a sunflower oil factory in the Volgograd region in southern Russia, the local government said Tuesday. The region, bisected by the Volga River, annually produces more...
Aug 7, 2013 | Central & Eastern Europe, News, Russia, Western Europe
Moscow Times — Rustam Tariko, the owner of Russian Standard vodka, has increased his controlling share in the Italian winemaker Gancia and is expected to buy out the rest of the company in the near future. Tariko increased his share in the family winemaker from 70...
Aug 6, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News Moscow-based IT service provider Active Cloud Development has teamed up with Moscow Seed Fund and Softline Venture Partners to develop an innovative IaaS (infrastructure as a service) platform christened “CloudBox.” The three partners have...
