The leading job searching service in Russia, HeadHunter, is preparing for a $250 million initial public offering (IPO) in May or June this year on NASDAQ, the Vedomosti daily newspaper reported on Thursday.
The offering could be organized by Morgan Stanley, Goldman Sachs, Credit Suisse, VTB Capital, Sberbank CIB,...
Members of the State Duma backed tighter Internet controls on Thursday in a preliminary vote on draft legislation that critics say could disrupt Russia’s Internet and be used to stifle dissent, Meduza reports.
Lawmakers in the 450-seat lower chamber of Russia’s parliament voted in second reading to pass a...
A Moscow court has extended for three months the house arrest of U.S. investor Michael Calvey, a day after he was moved from pretrial detention, the Washington Post reports.
The detention of the American businessman and founder of investment firm Baring Vostok on fraud charges has shocked the business...
Russian company O’Key said on Friday that the country’s biggest bank, Sberbank, had expressed interest in the food retailer’s hypermarket business, Reuters reported.
Earlier, sources told the news agency that O’Key’s discount chain Da! could be left out of the possible deal. O’Key currently has a market value of...
The sudden introduction of Arkady Rotenberg, a U.S.-sanctioned Russian billionaire, as a partner in Gazprom’s Baltic LNG project was one of the reasons for the departure of Royal Dutch Shell from the project, sources told Reuters.
This week, Shell announced it is pulling out of the joint venture with...
A new bank in Russia, the first to be awarded a license in four years, has opened with plans to serve internet companies, Finextra reported.
Set up by Dmitry Eremeev – who has founded a number of internet companies under the FIX brand – Bank 131 won’t employ traditional business...
A Moscow court on Thursday approved a request by the defense of U.S. investor Michael Calvey for him to be moved from pre-trial detention to house arrest, Radio Liberty reported.
Calvey, the founder of private equity group Baring Vostok, was detained in February and held on fraud charges, in...
The Russian online retail market offers huge opportunities and has ‘unique potential’, with its population of 150 million people and an Internet penetration of nearly 80%, according to Gabriel Naouri, member of the board of Yandex.Market.
“Now is the right time to build market share. As a comparison, the top...
A German business association has said that the threat of U.S. sanctions against European companies for ties with Russia is a violation of international law and a ‘huge problem’ for the European Union, Gazeta.ru reports.
The German Eastern Business Association (OAOEV) said in a document it aspires to boost...
The Moscow building which houses the Praga restaurant, one of the Russian capital’s oldest and most luxurious restaurants, has been sold for 1.4 billion rubles ($22 million) at an online auction, according to state-run news agency TASS.
The building is wedged between the pedestrian Arbat Street, one of the...
