Central Europe / Tech

SK Innovation planning to boost EV battery production capacity in Hungary

bne IntelliNews January 13, 2020

Capacity of SK Innovation's second Hungary factory to be raised to 16 Gwh equivalent to meet soaring demand from European carmakers.

Turnover of Czech e-shops increased to a record CZK161bn in 2019

Nelly Tomcikova in Prague January 6, 2020

The Czechs spent a record CZK161bn (€6.3bn) for goods bought in e-shops in 2019, up by 15% year-on-year, based on data published by Shoptet company which runs almost half of Czech e-market

Budapest-founded startup LogMeIn valued at $4.3bn in acquisition deal

Tamas Szilagyi in Budapest December 19, 2019

One of the most successful Hungarian startups has grown into a Nasdaq-listed global company that has now been acquired by private equity firms Francisco Partners and Evergreen Coast Capital.

Largest IT deal of the year in Hungary falls through

Tamas Szilagyi in Budapest December 11, 2019

Hungary's 4iG has called off talks on buying the country's leading ICT company T-System, a subsidiary of Deutsche Telekom. Rumours the deal was falling through caused 4iG shares to plunge 10% before the news was confirmed.

Estonian anti-money-laundering startup Salv secures seed funding

bne IntelliNews December 9, 2019

Salv's ambition to tackle financial crime should resonate well in Estonia and in the Baltic region, where a number of banks have been embroiled in money laundering scandals.