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.
Just days after the triumphant NASDAQ IPO of Ozon, a leading Russian e-commerce company, another Russian digital major, ivi.ru, has started the registration procedure for a US IPO, reports East-West Digital News (EWDN).
Skyeng, one of the most successful Russian startups, has received funding from two major investment firms, Winter Capital and Baring Vostok.
Google and My.Games, a branch of Mail.ru Group, last week announced a joint accelerator program “for promising mobile game studios and projects.”
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.’
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, 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
Hungary has become one of the leading international centres of business services in the Central and Eastern European region over the past decade.
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 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.
The acquisition is part of Kahoot’s strategy to expand into new areas of learning, whether at school, work or home.
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, Mail.ru Group, is now also in danger of collapsing
Russia's Interior Ministry has presented to the government a RUB55bn ($720mn) digital transformation programme that has a heavy focus on artificial intelligence (AI).
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.
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.
A record 21 Czech companies made it into the ranking of the region’s fastest growing tech businesses.
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.
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
Takeover of Kubernetes-focused Hungarian startup Banzai Cloud is Cisco's second cloud-native-focused acquisition in two months.
Lithuania has been lately hailed as a haven for fintech firms that are seeking expansion or relocating due to Brexit.