Eastern Europe

Trovit expands to four new countries

Trovit, the multi-vertical aggregator, has expanded into four new countries: Czech Republic, Romania, Denmark and Hungary. The Barcelona-based aggregator, which was purchased by Japanese firm Next late in 2013, has developed a powerful global presence. Apart from Europe, Trovit operates in Latin America, Africa, Asia and Oceania. This latest market expansion means Trovit is established in 43...

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Alma Media’s digital business revenue up, but profit drops in FY2014

Alma Media’s division Digital Consumer Services, which houses the classified business of the company, increased both revenue and profit in Q4 of FY2014 thanks to good performance of its recruitment businesses. Over the full financial year 2014, the segment’s revenue increased, but profit slightly dropped. The businesses included in this division are (in Finland) Etuovi.com, Vuokraovi.com,...

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Grupa Pracuj invests in Video Recruit

Grupa Pracuj SA, owner of Poland’s leading job portal Pracuj.pl and Ukraine’s leading job portal Rabota.ua, purchased a stake in Video Recruit, offering a video recruitment system. Video Recruit is a Czech company that has been on the market since 2010. Its system allows candidates to record short films during which they answer questions prepared by the recruiter. Due to the fact that...

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Naspers denies plans to sell Allegro

According to Naspers’ spokeswoman Meloy Horn, Naspers has no plans to sell its Polish assets. The rumor was placed in the market last week by a report of Reuters. On Friday Naspers’ spokeswoman denied the rumor, saying to Reuters (here) that “Allegro is a strong-performing, profitable e-commerce business and we have no plans to sell it”. In turn, Paweł Klimiuk, corporate...

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Naspers’ assets in Poland may be up for sale

According to a report on Reuters, South African e-commerce giant Naspers wants to sell its assets in Poland, including the Allegro Group, a leader in the online classifieds market in Eastern Europe. Reuters reported on Jan. 14 (here) that, according to two undisclosed sources, Naspers intends to withdraw from Eastern Europe and focus its efforts on faster-growing markets. The company intends to...

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Allegro changes strategy and fires 90

Naspers’ Allegro Group announced that it would change its strategy and the way it operates to make it more flexible and mobile-oriented. For its employees it means restructuring and collective dismissals. The restructuring process started on Oct. 8. It involves the following departments: marketing, client service, IT, finance and administration. The company will fire about 90 people....

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