The Obama administration on Wednesday widened sanctions against Russia to punish its government for contributing to violence in Ukraine. Continue Reading
The Obama administration on Wednesday widened sanctions against Russia to punish its government for contributing to violence in Ukraine. Continue Reading
Runa Capital, a Moscow-based global tech-focused venture capital firm, announced yesterday the first closing of its new fund, Runa Capital II. With a target size of $200 million, the firm will continue investing in tech-based companies worldwide, focusing especially on Europe. The amount of the first closing has not been disclosed. Continue Reading
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
Source – East-West Digital News Utinet.ru, e96.ru and Sotmarket, three major Russian e-commerce companies, announced yesterday the completion of their merger process – started last year – into an integrated company, christened “Platform Utinet.Ru.” Part of the company’s stock is being floated on the Moscow exchange following Utinet’s IPO in 2011. Continue Reading
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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 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
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
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
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
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
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
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 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