Feb 16, 2013 | Central & Eastern Europe, News, Russia
The Moscow Exchange began trading of its own shares Friday in a successful conclusion to the largest initial public offering carried out solely in Russia. The bourse sold 15 billion rubles ($500 million) worth of shares for 55 rubles each, the lower end of the...
Feb 15, 2013 | Central & Eastern Europe, News, Russia
Prostor Capital is considering selling its majority stake in Dulton Media or “associating it with a strategic partner” to further develop it, the fund’s Managing Director Alexey Solovyov said in an exchange with East-West Digital News. A Moscow-based startup...
Feb 13, 2013 | Events, Russia
News360, a Russian startup operating from Moscow and Silicon Valley, was honored last week in the mobile content portion of the World Summit Award (WSA). The startup was recognized as having the best M-media and news project among the entrants. News360 offers a set of...
Feb 12, 2013 | News, Russia
Novatek, Russia’s largest independent gas producer, has raised 14 billion roubles ($463 million) in four-year Eurobonds, a banking source told Reuters on Tuesday. The source added that the yield was set at 7.75 percent, the same as the initial guidance....
Feb 11, 2013 | Central & Eastern Europe, News, Russia
Moscow Times The European Bank for Reconstruction and Development loaned 150 million euros to major auto parts manufacturer Gestamp Automocion to upgrade its Russian facilities, the EBRD said Monday. The loan will boost the company’s presence in the key Russian...
Feb 1, 2013 | Central & Eastern Europe, News, Russia
Since the beginning of 2013, the Microsoft Seed Fund has provided a total of $110,000 in grants to two startups from Russia’s regions. A $50,000 grant went to RealSpeaker, a startup from Kazan, Tatarstan, which offers a new approach to speech recognition. The company...
