The Government of Bosnia and Herzegovina gave the green light to Germany's Umarex to acquire more than 49% of local ammunition maker Pobjeda-Sport. The deal will enable the supply of state-of-the-art equipment to the Bosnian plant, the development of new products and creation of new jobs. Umarex Sportwaffen manufactures air guns, tear-gas and signal pistols,...

 Sberbank of Russia has completed its acquisition of 100% of Volksbank International AG. Yesterday’s closing follows the announcement on 8 September 2011, that Sberbank had entered into a sale and purchase agreement with the shareholders of VBI - Österreichische Volksbanken-AG , BPCE S.A., DZ BANK AG and WGZ BANK AG. The transaction perimeter...

A consortium of Hungarian investors is building a €2.7 million sparkling wine plant in Carastelec, Romania, regional Hungarian language daily Krónika said on Thursday. About half of the cost of the investment is covered by European Union funding, said vintner János Ambrus, who is heading the professional side of the investment. The sparkling...

Moscow has joined the list of Europe’s top ten cities attractive for commercial property investors, Holger Mueller, head of real estate practice at PwC auditing company, said on Tuesday. “Historically, Moscow resembled an outsider in the ratings of cities favorable for investment in the property sector but this year everyone says that the situation...

Automakers look for safe harbour on emerging markets as rest of the globe urged into austerity. Russia’s car market has become attractive to car makers since car sales continue to increase with 41% growth in the first ten months of 2011. “According to the results of 2011, we are expecting about 1,7 million vehicles would be produced in Russia next...