UMH initiates new internet project in Russia
3 October 2008
According to United Media Holding (A65 GR: BUY) President Borys Lozhkin, the company plans to launch a highlife web portal in Russia until November. Lozhkin didn’t disclose the cost of the project. On September 22 UMH announced it acquired a 32.5% stake in i.ua, one of the top-5 most accessed Ukrainian portals.
