Tech
Romania’s eMAG building largest logistics hub in CEE, expands credit facility
eMAG has operations in Romania, Bulgaria and Hungary and a marketplace hosting 40,000 sellers.
Turkish company chaired by US sanctions-hit official wins Nato intelligence software contracts
Ismail Demir was designated after Ankara acquired missile systems from the Kremlin.
Romanian startups raise 12% more venture financing in 2022
Total financing raised by Romanian startups in 2022 rose by 12% y/y €102mn, according to the latest Romanian Venture Report.
Serbia's BioSense Institute to open new R&D centre in spring 2023
BioSense plans to employ 250 scientists at the centre in the biotechnology and nanotechnology fields.
Montenegro launches cryptocurrency pilot project with US Ripple
Montenegro does not have its own currency and has been using the euro since 2006 when it peacefully seceded from its loose union with Serbia.
Employees claim Bulgarian Facebook moderators controlled by Russia
Moscow is suspected of using multiple tools for hybrid attacks on democracy in Bulgaria, including spreading disinformation and financing political parties.
Pictures of Serbian President Vucic isolated at Davos go viral on social media
Speculation that refusal to cut Russia ties led to Aleksandar Vucic being shunned by fellow Balkan leaders after pictures show him sitting alone at the back of a session at the World Economic Forum.
Russia to slash AI development support
Russia will slash its support for the development of AI technologies more than 10-fold after the fallout of the military invasion of Ukraine.
Romania’s Digitail raises €11mn to scale up software for vet clinics
Digitail digitises the administrative tasks of animal hospitals, from scheduling and record keeping to inventory management, billing and customer communication.
Bulgaria raids offices of crypto lender Nexo
Accusations against Nexo include money laundering, tax crimes, unlicensed bank operations and computer fraud, a spokesperson for the prosecution said.
Russian government offering incentives and penalties to lure back IT professionals that fled into exile
Russia’s Ministry of Digital Development in Russia is actively seeking ways to bring back IT specialists who have fled the country since war in Ukraine began.
China’s Porton to set up biotech park in Slovenia’s Menges
The development centre in Megnes, 15km from Ljubljana, will be Porton's first in Europe.
Serbia reports massive cyberattack on interior ministry
Attacks followed the targeting of the defence ministry website, claimed by hacker collective Anonymous that accused Serbia of supporting Russia's war in Ukraine.
Hacker collective Anonymous downs Serbian defence ministry website
World’s largest hacker community tells Serbian president: “Stop Destabilizing the region and stop supporting Russia.”
Bulgaria’s Allterco completes first stage of acquisition of Slovenia’s GOAP
Frankfurt-listed Bulgarian company expands its expand its technology portfolio with acquisition of Slovenian IoT provider.
Albania’s first satellites launched into space
Albania 1 and 2 satellites will detect crimes such as drug cultivation, illegal construction and logging.
Remittances between the EU and Ukraine expected to recover in 2023 after 10% fall in 2022
Remittances between the EU and Ukraine will expand in 2023, after declining by between 5% and 10% in 2022, according to money transfer system Tempo France.
Survey: 12% of Ukrainian startups shut down, 30% moved abroad at least partially during the war
Much has been said about the “resilience” of the Ukrainian tech sector amid the war, but what do entrepreneurs themselves say about the challenges they have faced since February 2022?
Turkish defence firm celebrates maiden flight of ‘fighter jet drone’
Baykar hopes to follow up on success of its world-renowned combat UAVs, but not much is yet known about the aircraft’s true capabilities.
