By Andrei Skvarsky. Deutsche Boerse-owned think tank MNI says that overall consumer sentiment in Russia bounced back moderately in June for the first time in five months but was still lower than a year ago, and that consumers were generally pessimistic about their anticipated financial status in a year’s time. Continue Reading
ASIA FRONTIER CAPITAL – Country Snapshot – Cambodia
After decades of political mismanagement and civil war, Cambodia has recently begun to capitalize on its economic potential. Since adopting free-market economic policies in the 1990’s and increasing its integration within the international community, Cambodia’s economy has flourished. Continue Reading
EBRD PARTICIPATES IN KAZAKH RAILWAYS EUROBOND
The European Bank for Reconstruction and Development (EBRD) has participated in a bond issuance by Kazakhstan’s national railway company, Kazakhstan Temir Zholy (KTZ). The Bank participated in the longer-term tranche of the Eurobond. Continue Reading
EBRD AND FAO PROMOTE VIABLE FORESTS IN RUSSIA’S FAR EAST
Russia’s Far East occupies one-third of the country’s territory and accounts for more than nine percent of the world’s forests. Forestry there thus plays a crucial role, locally and further afield, supplying livelihoods for millions of people and a valuable habitat for flora and fauna, including the endangered Amur tiger. Continue Reading
Ulmart enters the travel market
Perhaps inspired by the success of Ozon Travel, Ulmart, Russia’s leading online retailer, has officially announced its entry into a new field of activity: Ulmart Travel. Continue Reading
Russian analog of Blue Apron raises venture investment from Moscow players
Source – marchmontnews.com Moscow Seed Fund, an institutional early-stage investor, and AddVenture, another Russian VC fund supporting Internet projects, are investing $347,000 in Chefmarket, an innovative Russian hybrid of a grocery store and a restaurant, the RVC web-site reported. Continue Reading
The Funds of KCM’s group invest in Chaplin Cinemas network
ADM Capital’s funds, KCRF and KGF, members of a group of funds with the participation of Kazyna Capital Management JSC (owned by National Management Holding “Baiterek” JSC) and the European Bank for Reconstruction and Development (EBRD) announce completion of the acquisition of the controlling stake in Chaplin Cinemas network. Investments of the Funds will be… Continue Reading
CAREER: Why the Top 1/3 of Your Resume Matters Most
It’s not true that recruiters only spend 10 seconds on your resume. They actually spend 10 seconds glancing at the top 1/3 before deciding whether to even read the rest. Continue Reading
Russian IP video surveillance software company signs $15 million contract in Bahrain
Macroscop, a Russian startup developing software for IP videocameras, signed earlier this month one of its first international contracts with Bahrain’s MHS-Technologies. Continue Reading
Bank of Moscow ex-chief's prosecutions: the trail continues…
By Andrei Skvarsky. Bank of Moscow’s emigre ex-chief executive Andrei Borodin has been slapped with a new charge in Russia, being accused in absentia of defrauding the lender of 1bn rubles ($29m at today’s exchange rate) through an alleged forex scam, according to Moscow-based daily Kommersant. Continue Reading
Russians in the City London Club opens its branch in Moscow
Russians in the City Club in London is A Russian-speaking professional community that unites more than 2000 members who are working in the financial and legal services industries. Now the Club has opened its branch in Moscow. Continue Reading
RenCap: investors shouldn’t neglect Romania
By Andrei Skvarsky Renaissance Capital analysts say Romania has seriously improved its business climate and has made “an impressive recovery” from the global financial crisis. Continue Reading
Russian central bank partially sells out of Moscow Exchange
By Andrei Skvarsky Russia’s central bank has sold an 11% stake in Moscow Exchange in partially fulfilling its obligation to divest all its interest in the bourse by January 1, 2016. Continue Reading
EBRD BECOMES KEY INVESTOR IN ROMANIA’S ELECTRICA
The European Bank for Reconstruction and Development (EBRD) has invested over RON 320 million (equivalent to €75 million) for an 8.6 per cent stake in Romania’s electricity distribution company S.C. Electrica S.A., as the firm moves towards privatisation in the country’s largest-ever IPO. Continue Reading
EBRD FINANCES MAJOR BIOGAS PROJECT IN UKRAINE
The European Bank for Reconstruction and Development (EBRD) is organising a financing programme of up to €7.1 million to construct and bring into operation a 2.25 MW biogas plant, adjacent to Rokytne sugar mill in the Kiev region. The plant, which will be the largest facility of this type in the country, will generate electricity… Continue Reading
Three years after NASDAQ IPO, Yandex introduced on Moscow Exchange
Trading of Yandex shares on Moscow Exchange started yesterday in Russian rubles under symbol “YNDX”. Shares also continue to trade on the NASDAQ Global Select Market, where the search company was introduced in 2011. Continue Reading
Local search service Yell.ru secures $11 million from Swedish funds to measure itself against Yandex
Last week, Russian online local-search service Yell.ru announced that it has secured $11 million, which includes $8 million from Vostok Nafta and $3 million from current investor AB Kinnevik. Continue Reading
Middle East Investors Expected To Spend Us$180 Billion In Global Real Estate Markets Over Next Decad
Middle Eastern investors are expected to spend US$180 billion in commercial real estate markets outside of their own region over the next decade, according to the latest research from global property advisor CBRE. Continue Reading
ADB $300 Million Loan to Continue Power Upgrades in India’s Assam State
The Asian Development Bank (ADB) has approved a $300 million loan to help India’s northeastern Assam state continue its drive to eliminate power sector inefficiencies that are hurting its consumers, its world-famous tea industry, and its environment. Continue Reading
Deutsche Boerse’s MNI: Russian companies a bit more upbeat
By Andrei Skvarsky. A Deutsche Boerse-owned research firm argues that in June Russian companies have been slightly more optimistic about Russia’s business environment than in May. Continue Reading
EBRD Invests in Poland's Altus TFI
The EBRD plans to invest up to PLN 50 million (€12 million equivalent) in the forthcoming IPO of Altus TFI S.A. on the Warsaw Stock Exchange. Altus is a privately held mutual fund and asset management company in Poland with more than PLN 5 billion of assets under management across 36 funds. Continue Reading
Russia’s VC market shrank in 1Q 2014, RMG and EWDN analysts found
Rye, Man & Gor Securities, a Russian investment firm, and East-West Digital News, an international resource on Russia’s IT, have issued a report on the status and trends of Russia’s venture market in 1Q 2014. Continue Reading
Russian-American startup iBuildApp raises another $200,000
Mobile app builder iBuildApp has raised $200,000 from Starta Capital and Nikolay Belykh. iBuildApp is an international project that enables clients to build and manage mobile apps. As well as being a resident of Moscow’s Skolkovo IT-Park, the project also has its headquarters in Foster City, California. Continue Reading
Ex-finance minister Kudrin becomes head of Moscow Exchange supervisory board
By Andrei Skvarsky. Former Russian Finance Minister Alexei Kudrin has been appointed as chairman of the new supervisory board of Moscow Exchange that was elected at the bourse’s annual general shareholders’ meeting on June 26. Continue Reading
VTB Capital participated in the placement of CNH 1 billion Offshore Renminbi Bonds for Beijing Capital Company Limited
VTB Capital has been mandated as a joint bookrunner and joint lead manager on the placement of CNH 1 billion offshore renminbi bonds in the Reg-S format for Beijing Capital Company Limited, to be listed on the Hong Kong Stock Exchange and priced with a coupon of 4.7% and a three-year maturity. Continue Reading
Sales Associate with fluent Spanish, London
A direct vacancy from www.russiansinthecity.eu Working as part of the Retail Sales Team to bring on new clients, maximise sales and educate clients on existing products and market opportunities. For further details please go to: http://1drv.ms/1qdTimB Continue Reading
Russia’s Renaissance Capital hosts annual investor forum
By Andrei Skvarsky. Renaissance Capital, one of Russia’s leading privately owned investment banks, has hosted an annual investor conference in Moscow, a three-day event that opened on June 23 and was expected to bring together more than 200 attendees with assets under management totalling more than $3trn. Continue Reading
IT Support Engineer, London
A direct vacancy from www.russiansinthecity.eu Working as a part of the IT Support team to provide support to the UK business in all IT matters. Primary duties include 1st, 2nd and 3rd line server, network and desktop support, as well as some project work. You will be based in the office although occasional visits to London… Continue Reading
Sales Associate, London
A direct vacancy from www.russiansinthecity.eu Working as part of the Retail Sales Team to bring on new clients, maximise sales and educate clients on existing products and market opportunities. For further details please go to: http://1drv.ms/1iL582a Continue Reading