Tech
Hungary's media authority awards 5G licenses for €350mn
The auction, which took place amid extraordinary safety measures, allocated concessions that will run until 2035 and can be expanded by another five years with unchanged conditions.
Poland launches app to track people in coronavirus quarantine
Polish residents in home quarantine must take a selfie within 20 minutes of receiving an alert or face a visit from the police.
Russian e-retailer Ozon caps prices for the most sought-after goods to prevent gouging
One of Russia’s “big three” online retailers Ozon Holdings announced that it was capping the prices of essential goods that are currently in high demand to prevent manufacturers gouging customers.
Russian video streaming platforms gain speed
As the Russian video streaming service segment is booming. The major players are securing funding and launching original content production.
Cloud services take off in Russia
The cloud service segment is growing in Russia, but some companies haven't yet realized its potential value for their business, while others might be put off by security issues.
Severstal goes digital with $100mn investment programme for 2020
Russian steel giant Severstal has announced it will invest RUB6.7bn ($100mn) in IT and digital projects this year, up 7% from 2019.
After Belarus and Ukraine, Russian gaming giant Playrix acquires studio in Armenia
Playrix, a global Russian-founded gaming giant, announced on March 5 its acquisition of Armenian game studio Plexonic. The terms of the deal have not been disclosed, reports East-West Digital News (EWDN).
Russian e-commerce leader Ulmart goes bust after three years of shareholder infighting
Leading Russian e-commerce store Ulmart has filed for bankruptcy after its owner got ensnared in legal problems that led to his arrest.
Ukraine-born startups raised more than half a billion dollars in 2019
In 2019, the venture capital and private equity funding volume for Ukrainian and Ukrainian-founded tech startups reached $544mn.
Romanian independent game developers merge
Bucharest-based game developer Amber will merge with Scorpius Games, another local independent game studio in the country.
Hungary's online retail sales expand 16% in 2019
Online gross domestic retail sales continued to grow at a dynamic pace in Hungary, reaching €1.85bn in 2019, according to a survey by economic researcher GKI Digital and price comparison site Arukereso.hu.
Romanian online home decoration retailer raises €3.5mn in bonds
The funds raised by Romania-based Vivre Deco, one of the largest online retailers of furniture and decorations in Central and Eastern Europe, will be used to finance the company's accelerated development strategy.
Polish software maker SoftwareHut boasts one of the fastest expansion rates in Europe
Polish software developer SoftwareHut took 33rd place amongst European companies in the Financial Times' annual list of the fastest-growing 1,000 European companies.
Russian e-commerce major Wildberries to add self-employed vendor products to offering
Russia's largest e-commerce retailer Wildberries intends to sell the produce of self-employed individuals on its platform, Kommersant daily reported on March 2. The products would include artisanal apparel, footwear, accessories, and souvenirs.
EU court rules against Hungary in ad tax row with Google
The internet giant challenged fines imposed by the Hungarian authorities for non-payment of a national tax on advertising.