Southeast Europe / Tech
Uzbekistan to acquire ANKA combat drones from Turkey
News comes as US defence contractor CEO urges Elon Musk to help battle Turkish dominance on world UAV market by ending sluggish bureaucracy.
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Musk urged to knock Turkish drones out of global market
US defence contractor also calls on DOGE supremo to take aim at Israeli, Chinese UAVs by boldly removing sluggish bureaucracy.
Owner of North Macedonia’s Gley streaming platform to launch IPO
Svod Master plans first IPO of a domestic digital services company in North Macedonia.
Sweden’s Aonic invests $10mn in Turkish game developer Mega Fortuna
Amid current monetary easing cycle, interest among investors in Turkey's game studios is on the rise again.
Albania's PM signals possible shift on TikTok ban
Year-long ban followed a violent incident in Tirana, where a 14-year-old student was killed and another injured in a fight linked to an online dispute.
Serbian President Vucic wants to introduce flying cars by 2027
Announcement met with derision, with media outlets dismissing the plan as “science fiction”.
Bulgaria’s consumer protection body seeks to revoke local telcos' licences
CPC will ask to remove three main telecoms operators' licences over “systematic violations” and multiple consumer complaints.
NEO: Why pick-up points for online orders are gaining popularity vs. home delivery
The share of European consumers preferring home delivery for online orders dropped from 73% to 64% over the past year, according to a Last Mile Experts study.
Seoul-listed DoubleU acquires 60% stake in Turkey’s Paxie Games for $27mn
Seoul-listed DoubleU acquires 60% stake in Turkey’s Paxie Games for $27mn. Some 844 active gaming studios recorded in Turkey by end of 2024.
Albania imposes one-year TikTok ban
Decision follows killing of a 14-year-old student, but opposition claims it is pre-election move.
TikTok says it has stepped up moderation ahead of Croatian presidential election
Statement issued after cancellation of Romanian presidential election prompts European Commission investigation into how the hugely popular platform manages election interference risks.
Amnesty accuses Serbia of spying on journalists and activists
Human rights group says Serbian authorities conducted covert surveillance on journalists, activists and civil society members using advanced spyware and digital forensic tools.
Novi Robot tops Deloitte Technology Fast 50 Turkey 2024 ranking
Developer of robotic automation systems for manufacturing plants is country's fastest growing tech startup.
BCR’s venture capital company invests in SaaS platform FieldOS
BCR Seed Starter investment to help FieldOS finance product development, accelerate growth in the local market and expand its operations in North America.
Poland's PragmaGO acquires Romanian digital factoring company Telecredit
Telecredit’s operations to be significantly expanded after takeover by private equity-backed PragmaGO.
Investigation shows Russian money channeled to Romanian media and conspiracy theorists
Snoop investigation finds Kremlin-linked digital advertising firm AdNow channelled at least €2mn to Romanian media and influencers promoting conspiracy theories and far-right content.
Chinese innovation park plans business centre in Serbia
Plan to launch business centre is part of increase in economic ties between Serbia and China after Free Trade Agreement came into effect in July.
Romania urges European Commission to take steps against TikTok after far-right candidate took shock presidential election lead
Calin Georgescu's unexpected lead is partly attributed to his successful campaigns on TikTok and other social networks.
Bulgaria's Ampeco raises $26mn in Revaia-led Series B funding
Electric vehicle charging software developer to use funds for international expansion.
Albania considers TikTok, Snapchat ban after fatal school stabbing
PM Edi Rama considers "drastic" measure after dispute that started on social media ended with stabbing.