May 6, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 6 May 2013 Azerbaijan’s state oil fund SOFAZ has agreed to invest around $500 million in a new share offering by VTB, Russia’s second-largest bank, the fund said in e-mailed comments. VTB says it has already received firm orders for all of the...
May 6, 2013 | Central & Eastern Europe, News, Russia
May 6 (Reuters) – The owners of Russia’s VSMPO-Avisma, the world’s largest titanium company, will offer to acquire its free float from minority shareholders, business daily Kommersant reported on Monday. The company’s chief executive, Mikhail...
May 6, 2013 | Central & Eastern Europe, News, Russia
SocialMart, a two-year-old Russian product recommendation service for social networks, raised an as yet unspecified amount of investment in late April from Moscow Seed Fund, Moscow City’s venture arm, and Igor Ryabenkiy, a serial Russian angel investor. Ryabenkiy...
May 6, 2013 | Central & Eastern Europe, News, Russia
May 3 (Reuters) – Shares of Russian payment transfer company QIWI Plc rose as much as 2 percent in their market debut, valuing the company at about $901.1 million. The company priced its enlarged offering of 12.5 million American depository shares (ADS) at $17...
May 2, 2013 | Central & Eastern Europe, News, Russia
The Moscow Times 1 May 2013 Two Russian tycoons will tap the prodigious cash flows of the country’s largest mining company to help complete their construction projects for next year’s Winter Olympics in Sochi, whose budget has spiraled to a record $50...
May 2, 2013 | Central & Eastern Europe, East Asia, News, Russia
The Moscow Times First Deputy Prime Minister Igor Shuvalov invited Japan to work with Russia on building a 10-kilometer bridge to connect Sakhalin Island with the Russian mainland. Shuvalov, who ws speaking Tuesday at a Russian-Japanese business conference, said...
