Facebook Inc had been tapping resources of its Russian partners to develop apps, signaling a growth in the tech industry, particularly in the app development business.
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Chemicals maker BASF prepares bid for RWE's oil and gas exploration and production unit
BASF SE, the largest chemicals company in Germany, is working on a bid for RWE DEA AG. DEA is the oil and gas exploration and production (E&P) unit of German electric utilities company RWE AG.
European travel startups Excursiopedia and Travelatus merge
Munich, Germany-based travel marketplace Excursiopedia has added Moscow, Russia-based startup Travelatus in an effort to become a leader in the international travel industry and help travelers find local activities.
Hungary to buy minority stake in Budapest gas supplier
Hungary-based state-owned utility MVM Zrt announced on Tuesday its plan to purchase a minority stake in natural gas supplier Fogaz Zrt in a deal valued at HUF41 billion ($187.4 million).
Russia to invest €5B in Serbia's energy sector
Russia is prepared to invest more than €5 billion in Serbia to back projects centered in the energy and production sectors including lubricant refining, and plant reconstruction projects.
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Russia's No. 2 oil producer Lukoil is looking to put up for sale its 20% stake in a Russian consortium developing a large oil project in Venezuela. Lukoil is in talks with international players after Rosneft offered a price lower than what Lukoil had asked.
Russia-based platform for publishing and viewing educational content BeSmart.net will receive USD4 million in total investment over the next three years from Hong Kong's Education Matrix.
Ireland's Ryanair on Tuesday announced that it won't participate in Italian airline Alitalia's EUR300 million emergency cash call. Other carriers including Lufthansa, Etihad Airways, Aeroflot and Alitalia shareholder Air France-KLM have also turned down the deal.
Ukraine can get cheaper natural gas if it joins an economic bloc led by Moscow, Russian First Deputy Prime Minister Igor Shuvalov told Bloomberg News.
Russia's state-backed private equity investment fund and Italy's strategic state investment fund have agreed a deal to invest up to 1 billion euros ($1.35 billion) in companies and projects in the two countries, officials said on Monday.
Russia's state-run oil firm Rosneft is looking to acquire Morgan Stanley's oil trading business for an unspecified amount. Morgan Stanley has been trying to sell or spin off the said business unit over a year ago.
Three financial sources said Russia-based oil firm Bashneft selected Morgan Stanley, Sberbank, and Barclays as global coordinators for the company's planned secondary listing in London.
Russian business tycoon and politician Mikhail Prokhorov set to buy a 21.75% stake in the world's top potash producer, Uralkali, from the company's main owner Suleiman Kerimov.
State-controlled Russian airline Aeroflot told Reuters the company will neither buy nor financially aid Italian airline Alitalia despite being repeatedly named by Italian officials as a potential backer.
