Mar 7, 2013 | Central & Eastern Europe, News, Russia
A state-supported venture fund in St. Petersburg (“The St. Petersburg regional venture fund for investment in small businesses in the scientific and technical sphere,” in Russian officialese) has announced an investment of an undisclosed amount in Breeze...
Mar 6, 2013 | Central & Eastern Europe, News, Russia
Last month Moscow-based fashion retailer Trends Brands announced it had raised $4 million in a Series B round. The amount includes $3 million from French venture fund Ventech and $1 million from Ru-Net and Kite Ventures, two Russian funds operating internationally, a...
Mar 6, 2013 | Central & Eastern Europe, News, Russia
uBank, a mobile payment startup launched in late 2011, announced earlier this week an $8 million capital injection – its first round of funding – from Runa Capital, a Moscow-based venture fund that operates internationally. uBank’s valuation has not been disclosed,...
Mar 6, 2013 | Central & Eastern Europe, News, Russia
March 1 Ria Novosti Shareholders of Siberian Agrarian Holding (SAHO) have agreed to sell 100% of the company’s shares to “Biznis Otsenkiya”, a company controlled by Leonid Mayevskiy. As a result, IFC “Metropol”, which began working with...
Mar 3, 2013 | Central & Eastern Europe, News, Russia
VTB is interested in buying the city of Moscow’s hotel business, several sources at City Hall told Vedomosti. Negotiations have not begun because a specific proposal has not been made, a source close to VTB said. Hotel Company was created in 2009 and holds the city’s...
Feb 28, 2013 | Central & Eastern Europe, News, Russia
MOSCOW, March 1 (Reuters) – Arkady Rotenberg, a construction tycoon and former judo sparring partner of Russian President Vladimir Putin, has bought a stake in Rostelecom in a move that could trigger a management change at the state-controlled telecoms group....
