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Nick Hutt has been appointed interim CEO of VTB Capital plc. He is a key member of the VTB Capital team and has been working in the London office since 2008 as CFO of the company’s international business. Atanas Bostandjiev will be leaving his current position to pursue other business opportunities.
The Obama administration on Wednesday widened sanctions against Russia to punish its government for contributing to violence in Ukraine.
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.
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.
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.
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.
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.
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.
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 aimed at expanding the project as well as developing the competitive and transparent film-distributing industry in Kazakhstan.
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.