VENTURE CAPITAL POST

European Commission President Jean-Claude Juncker has insisted the $40 billion South Stream natural gas pipeline can still go ahead and accused Russia of holding EU-member Bulgaria to ransom when it said it had abandoned the project.

Russia on Monday scrapped the South Stream pipeline project to supply gas to southern Europe without crossing Ukraine, citing EU objections, and instead named Turkey as its preferred partner for an alternative pipeline, with a promise of hefty discounts.

Bulgaria-based courier firm Speedy will acquire the delivery businesses of France-based firm GeoPost in Romania from LA Poste's GeoPost Group and Yurtichi Cargo Servizi AS for €15.3 million.

With Bitcoin encountering a series of problems lately, including withdrawal halting of exchanges, a $2.7 million heist, and a flaw in the Bitcoin protocol, speculations abound that the Bitcoin is coming to an end soon.

Which emerging and frontier market countries were the best stock performers in dollar terms?

Poland's Siodemka, one of the country's biggest delivery firms, is planning to list on the Warsaw Stock Exchange. 18 companies have already debuted in the Polish bourse this year.

According to a research study by Dow Jones & Company, Ireland attracted the most venture capital funding per capita in the European region. The data showed that most Irish tech startups have fared well even during the economic recession.

Telenor appointed Stein-Erik Vellan as CEO of Globul.