Ozon shares jump 40% in first minutes of trading after IPO on NASDAQ

East West Digital News in Moscow December 2, 2020

Shares in Russian online retail giant Ozon surged by more than 40% on November 23 in the first minutes of trading after the most eagerly anticipated Russian initial public offering (IPO) in years.

Online video service starts NASDAQ IPO registration procedure

East West Digital News in Moscow December 2, 2020

Just days after the triumphant NASDAQ IPO of Ozon, a leading Russian e-commerce company, another Russian digital major,, has started the registration procedure for a US IPO, reports East-West Digital News (EWDN).

Leading Russian edtech startup Skyeng backed by Winter Capital, Baring Vostok

East West Digital News in Moscow December 2, 2020

Skyeng, one of the most successful Russian startups, has received funding from two major investment firms, Winter Capital and Baring Vostok. Group and Google launch international accelerator for video game developers

East West Digital News in Moscow December 2, 2020

Google and My.Games, a branch of Group, last week announced a joint accelerator program “for promising mobile game studios and projects.”

Now fully owned by Sber, Yandex.Checkout rebrands to ‘YooMoney’

East West Digital News in Moscow December 2, 2020

Yandex.Checkout, a leading Russian payment service provider, is going to run its international operations – essentially in cross-border B2C payment operations – under a new brand, ‘YooMoney.’

Anton Mironenkov, Head of X5 Technologies: “In this pandemic, digital transformation is proving essential”

East West Digital News in Moscow December 2, 2020

The head of Technologies at Russia's leading supermarket chain X5 Anton Mironenkov is spearheading the digital transformation of the company. He runs through the challenges in an interview with East West Digital News

Sber displays its leadership ambitions in the Russian e-commerce space

East West Digital News in Moscow December 2, 2020

Sber, Russia’s state-controlled financial and tech giant (previously known as Sberbank), is displaying its ambitions in the field of e-commerce, in spite of several previous unsuccessful attempts

IBM investing €10mn at Hungarian IT centre

bne IntelliNews December 1, 2020

Hungary has become one of the leading international centres of business services in the Central and Eastern European region over the past decade.

Estonian animation studio Imepilt to hold IPO

bne IntelliNews November 29, 2020

Share issue aimed at raising €1.5mn to put Imepilt onto a rapid growth path it prepares to bring out the animated film "Danger Island" in 2021.

E-grocery in Russia estimated to reach $1.9bn in 2020, growing to $8bn by 2023

bne IntelliNews November 27, 2020

E-grocery in Russia is estimated at RUB145bn ($1.9bn) in 2020 and is forecast to grow to RUB605bn ($8bn) by 2023, online retail consultant InfoLine said on November 25.

Kahoot pays $31mn cash for Tallinn-based Hungarian learning startup

Tamas Szilagyi in Budapest November 25, 2020

The acquisition is part of Kahoot’s strategy to expand into new areas of learning, whether at school, work or home.

Sberbank's joint project with is in limbo

Vladimir Kozlov in Moscow November 24, 2020

Following the high-profile divorce between Russia's largest, state-owned lender Sberbank and tech giant Yandex earlier this year, the future of the bank's partnership with another local tech company, Group, is now also in danger of collapsing

Russian police unveil $720mn AI-focused digitalisation scheme

Vladimir Kozlov in Moscow November 24, 2020

Russia's Interior Ministry has presented to the government a RUB55bn ($720mn) digital transformation programme that has a heavy focus on artificial intelligence (AI).

Lithuanian telecom giant’s market value surges past €1bn after 5G launch

bne IntelliNews November 23, 2020

Telia Lietuva's stock began to rise after the company announced on November 10 that it was the first in Lithuania to start testing 11 5G base stations in the city centres of Vilnius, Kaunas and Klaipeda.

Ex-official’s electric vehicle start-up valued at $5.4bn

bne IntelliNews November 23, 2020

The UK-based Arrival electric vehicle start-up, founded by Russian businessman and ex-Deputy Minister of Communications Denis Sverdlov, announced this week that it intends to IPO on Nadaq with a $5.4bn valuation, reports The Bell.

Czech companies dominate this year’s Deloitte Technology Fast 50 CE

bne IntelliNews November 19, 2020

A record 21 Czech companies made it into the ranking of the region’s fastest growing tech businesses.

After raising $2.1mn, this Russian truck driving startup wants to become a unicorn

East West Digital News in Moscow November 18, 2020

Fura, a Moscow-based startup offering high-tech services to truck drivers, has raised 160mn rubles ($2.1mn at the current exchange rate) in a Series A round led by an unnamed Swiss-Russian fund.

Twice as expensive as Elon Musk’s Starlink, Russia’s satellite Internet project still awaits state funding

East West Digital News in Moscow November 18, 2020

Russia has plans to develop its own cluster of at least 500 “next-generation, multi-spectrum satellites,” starting from next year that will provide internet across the country's vast territory

Cisco expands cloud-based services with acquisition of high-flying Budapest-based startup

bne IntelliNews November 16, 2020

Takeover of Kubernetes-focused Hungarian startup Banzai Cloud is Cisco's second cloud-native-focused acquisition in two months.

UK fintech DiPocket sets up CEE base in Lithuania

bne IntelliNews November 16, 2020

Lithuania has been lately hailed as a haven for fintech firms that are seeking expansion or relocating due to Brexit.