Cybersecurity software company Acronis, founded by Sergei Belousov and Ilya Zubarev, sold just under 10% of its shares for $147mn in the first investment round organised by Goldman Sachs that implies a valuation of at least $1.47bn
More than 110 companies operate service centres in the country, employing approximately 50,000 people, mainly young specialists who speak foreign languages.
Russian e-commerce kept growing fast in the first half of this year, reaching 725bn rubles (slightly more than $11bn), up 26% from H1 2018. And market leader Wildberries is growing even faster than the rest of the sector
Yandex has announced that it is getting into bed with the state’s second biggest bank VTB bank to create a fintech service to sell equities and funds to retail investors.
Investment will allow family owned DocProcess to expand in Romania and in the wider European market.
CEZ executive calls Zolar the "pioneer of an innovative, decentralised model for purchasing rooftop solar systems".
Pilot blockchain transaction during Russia’s Eastern Economic Forum is an early foray into a technology that is popular with Russians.
GetMyBoat, which describes itself as the world’s largest “Airbnb (or Uber) for boats” has seen a dramatic surge in business in Central, Eastern and especially Southeast Europe this summer.
Porsche is strengthening its existing partnership with Rimac Automobili after it bought a 10% stake in the Croatian electric super sports car maker last year.
Talented IT experts and proximity to European markets drew Aconno to Croatia, despite concerns over bureaucracy, founder says.
Russia's largest bank state-controlled Sberbank announced the completion of acquisition of a 46.5% stake in Rambler Group, an online media and entertainment major, secured by approval of the antimonopoly authorities
Virtually everyone uses electronic payment means in Russia, with 91% to 96% of respondents, depending on the region, having used them at least once per year.
iGooods, a major product delivery company in Russia, has agreed a “strategic partnership” with Joom. This Russian-founded international marketplace has disbursed 325mn rubles ($4.9mn) in exchange for a 10% stake in iGoods
In late July Skolkovo Digital, a tech investment fund managed by Skolkovo Ventures and iTech Capital, led a $6.2mn Series B round in Maximum Education
US digital media company PressReader has acquired News360, a Russian-founded, California-based provider of content personalization and publisher analytics tools. The amount of the deal, announced last week, has not been disclosed, reports East-West D
Russian e-commerce market in 1H19 expanded by 26% year-on-year to RUB725bn ($11bn). The number of purchases online was 191mn in the reporting period, up by record-high 44%.
Investment to fund global expansion for Eligma, which aims to make cryptocurrencies part of daily life and shopping.
The Czech Republic is most perspective European country for the development of e-commerce among the frequent users of mobile phones for online shopping, according to a study by US bank JP Morgan. Czechs make half their purchases using a phone
Bass Systems won large contracts with the state during the Democratic Party's rule that abruptly came to an end in June.
Battery Ventures’ Series B investment pushed hotel reservation management platform Mews’ value up over $200mn.