Tech

Swiss ICT group ALSO acquires Serbia's PIN Computers

bne IntelliNews May 3, 2021

Acquisition of Novi Sad-based PIN Computers to help ALSO's expansion in Eastern Europe.

EWDN: After a new acquisition, Sber wants to become a central player in the Russian digital music market

East West Digital News in Moscow April 30, 2021

Sber, the state-controlled financial and digital giant, has announced a binding agreement to fully acquire Muzlab, a leader in the Russian B2B audio streaming market.

EWDN: After successes in Russia and Israel, Yandex prepares to launch express delivery service in Western Europe

East West Digital News in Moscow April 30, 2021

Yandex, the NASDAQ-listed Russian tech major, is preparing to launch its express e-grocery delivery service in Western Europe – after successful deployment in Russia and Israel, reports East-West Digital News (EWDN).

Rise and fall of Turkish technology retailer Bimeks ends in bankruptcy

Akin Nazli in Belgrade April 29, 2021

Company that started out as a humble shop run by the Akgiray brothers appears to have expired.

Sberbank pushes the Sber rebranding, promises to double online ecosystem investments over the next three years

Ben Aris in Berlin April 28, 2021

Russia’s leading retail bank has rebranded to just “Sber,” dropping the word “bank” from its name, but the change has not really caught on. The management is now ramping up a rebranding drive and has promised to double investment into tech.

Ford to build all-electric light vehicles in Romania starting 2024

bne IntelliNews April 28, 2021

Ford’s Craiova factory will thus become its third facility in Europe to build an all-electric vehicle.

British, Bosnian software developers form joint centre of excellence

bne IntelliNews April 27, 2021

Manchester-based anti-money laundering software company SQA Consulting and Luxembourg based ABC TECH Group set up SQA Consulting SEE in Bosnia, that will create 175 new jobs.

Romanian smartphone producer priced at €32mn ahead of BVB listing

bne IntelliNews April 27, 2021

Producer of Allview branded electronic products carried out over-subscribed share issue.

Baring Vostok-backed Russian-founded start-up targets London’s highly competitive delivery market

East West Digital News in Moscow April 27, 2021

Russian-speaking tech entrepreneurs and investors are more than ever active abroad – which has been illustrated again in the UK by a grocery delivery and dark store start-up called Jiffy.

US Vertiv opens €10m modular data centre factory in Croatia

bne IntelliNews April 24, 2021

The €10mn plant at Rugvica, near the capital Zagreb, will support Vertiv’s integrated modular solutions business.

Shares of Romanian RPA leader UiPath jump 23% after NYSE IPO

Iulian Ernst in Bucharest April 22, 2021

UiPath market capitalisation exceeds $35bn making founder Daniel Dines the richest Romania with a shareholding worth over $7.4bn.

Bulgarian fintech Payhawk raises $20mn in funding round led by QED Investors

bne IntelliNews April 21, 2021

The funds raised will enable the paperless expense management provider to further expand its product portfolio and hire more people.

Romanian global technology provider FintechOS raises $60mn in funding round

bne IntelliNews April 21, 2021

Draper Esprit led funding round that will cement Romanian-born FintechOS' position in Europe and fuel international expansion.

Supercomputer Vega launched in Slovenia

bne IntelliNews April 20, 2021

First EuroHPC supercomputer to come online to have "profound effects" on lives, says Slovenian PM Janez Jansa.

EWDN: Sber goes into video with Movika acquisition

East West Digital News in Moscow April 13, 2021

In late March Sber took control of a Russian video creation start-up called Movika.

EWDN: Russian investors put millions into smartphone service startups

East West Digital News in Moscow April 13, 2021

A pool of individual investors has put RUB431mn into Beri Zaryad, a Moscow-based smartphone charging service.

Kazakhtelecom to focus on content

Vladimir Kozlov in Moscow April 12, 2021

State-run Kazakhtelecom, Kazakhstan's largest telco, plans to produce more of its own content, seeing it as a promising direction of development at a time when regular telecom services are no longer as profitable as they used to be.

EWDN: Investment in Ukrainian-founded startups reached record high $571mn in 2020

East West Digital News in Moscow April 7, 2021

In 2020, the total VC and PE investment volume in Ukrainian or Ukrainian-founded tech companies reached a record high $571mn, according to a new report from AVentures Capital

Kremlin gives Twitter another month to comply with content removal demands

bne IntelliNews April 7, 2021

Russia’s internet regulator Roskomnadzor has extended the deadline until May 15 for Twitter to delete content the government objects to or face a ban, the watchdog said on April 6.

Albanians’ online purchases surged in 2020

bne IntelliNews April 6, 2021

Online purchases were made by 19.5% of the population aged 16-74 in 2020, as the pandemic caused an uptick in online retail across the region.

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