Jul 8, 2013 | Central & Eastern Europe, News
East-West Digital News The Moscow Seed Fund, the City of Moscow’s venture arm, has poured 8 million rubles (about $240,000) into a startup named Probki Iz Okna (Russian for “traffic jams from the window”). The company has created a large network of webcams installed...
Jul 8, 2013 | Central & Eastern Europe, News
East-West Digital News Russian furniture e-retailer Mebelrama.ru, which had been backed by Germany’s Rocket Internet, is shutting down, the company’s co-founder Manuela Stoll confirmed in an exchange with East-West Digital News. In late 2012, the startup landed a $10...
Jul 8, 2013 | Central & Eastern Europe, News
President Vladimir Putin has canceled the instruction issued by his predecessor, Dmitry Medvedev, which required state-run companies to make contributions to the endowment fund of the Skolkovo Institute of Science and Technology (Skoltech). The new order issued by...
Jul 7, 2013 | Central & Eastern Europe, News
East-West Digital News MTT, a Russian telecom group owned by VTB and former telecommunication minister Leonid Reiman, has announced that it has invested 50 million rubles (about $1.5 million) in Frolik, a service for children and their parents, since project start in...
Jul 6, 2013 | Central & Eastern Europe, News
Plasteurope.com As expected, Mitsubishi Chemical, a subsidiary of Mitsubishi Chemical Holdings has now finalised its purchase of the compound activities for TPE and PVC from Belgian speciality company Tessenderlo. The two companies had initially announced the plans in...
Jul 5, 2013 | Central & Eastern Europe, News
East-West Digital News BubbleGab, a Russian startup developing a SaaS platform for building websites, has attracted $1 million in funding from RVC’s Seed Fund and Softline Venture Partners, the venture arm of the Softline Group. Founded in 2011, BubbleGab is working...
