Romania expects to get €720mn from sale of 5G licenses this year

bne IntelliNews February 25, 2021

Revenues for the state budget from the sale of the entire 5G frequency spectrum could "easily" exceed €720mn, regulator said.

Romanian IT company Bittnet enters FTSE Russell indices

bne IntelliNews February 23, 2021

Romania will now have four companies in the FTSE Russell indices following its upgrade to secondary emerging market status last year.

Nato and North Macedonia sign agreement on preventing cyber incidents

bne IntelliNews February 21, 2021

MoU to help North Macedonia increase its resilience to cyber threats.

Rent-a-car app Yolcu360 tops Deloitte Technology Fast 50 Turkey 2020 ranking

Akin Nazli in Belgrade February 20, 2021

Virtual studio developer Zero Density placed second while online streaming platform BluTV ranked third.

Croatia’s Photomath raises $23mn funding

bne IntelliNews February 18, 2021

The Photomath app has more than 220mn downloads globally, helping students and parents solve maths problems using a smartphone.

Russian message service Telegram hopes to raise $1bn with a convertible bond private placement

Ben Aris in Berlin February 18, 2021

In January the popular messaging service WhatsApp experienced an exodus of users. Most of them went to Telegram, which is now looking for money to continue its development.

Romanian property rental platform Milluu raises money to expand in Poland

bne IntelliNews February 18, 2021

Largest-ever crowdfunding through Seedblink platform allows Milluu to replicate its business model in Warsaw.

Russia’s USM, Group, RDIF and Megafon to create a digital finance and payments JV with Jack Ma’s Ant Group

Ben Aris in Berlin February 18, 2021

Russia’s telecom and tech giants and Megafon, together with the Russian Direct Investment Fund (RDIF) will create a digital payments joint venture with Ant Group

Slovenian startup DaiBau raises fresh funds from Henkel

bne IntelliNews February 17, 2021

DaiBau runs portals in several countries where investors can link up with building contractors.

Belgian IT company Cegeka opens office in Moldova

bne IntelliNews February 16, 2021

Cegeka intends to employ 200 people in Moldova as it expands its presence in Eastern Europe.

Coronavirus wrecks Poland’s Innogy’s electric car-sharing service

bne IntelliNews February 11, 2021

Polish electric power retailer Innogy, an E.ON company, will wrap up its electric car sharing service Innogy Go! in mid-March, the company said this week.

Rostec to be in charge of Russia's 5G scheme

Vladimir Kozlov in Moscow February 11, 2021

Russia's state-controlled tech corporation Rostec will lead a consortium of equipment manufacturers for the country's fifth generation mobile communication scheme, while the prospects of 5G in Russia remain unclear.

Russia considers its “sovereign internet” options

Vladimir Kozlov in Moscow February 11, 2021

For quite a while, Russia has entertained the concept of a "sovereign internet," which basically means cutting itself off from the World Wide Web

Erdogan’s announcement of Turkish space programme short on budget details

bne IntelIiNews February 10, 2021

Astronomical costs would not be easily borne by state budget under strain from several years of economic crisis.

Israeli agritech unveils “indoor growing” plans to challenge Iran’s global saffron dominance

bne IntelIiNews February 9, 2021

'Red gold' prized by famous chefs, Michelin starred restaurants, the natural cosmetics industry and the natural medicine industry. Also used as a dye in the textile industry.

Croatia's M+ Group buys 51% stake in software firm Bulb for €7mn

bne IntelliNews February 9, 2021

Private equity backed M+ Group takes over Bulb as part of plans to globalise its business.

Cyberpunk 2077 creator CD Projekt says it will not comply with hackers' ransom demands

Wojciech Kosc in Warsaw February 9, 2021

Games developer says security breach did not compromise players' personal data.

Romanian digital currency ELGD triples capitalisation in seven days

bne IntelliNews February 9, 2021

The market value of Sibiu-based Elrond Network's ELDG currency passed the $3bn threshold on February 8, after surging by $1bn in 24 hours.

Turkey’s Twozero invests $1mn in beertech Pubinno

bne IntelIiNews February 7, 2021

Company's smart-taps have to date served more than 20mn drinks in five countries.

Ikea plans online first launch in Slovenia if pandemic prevents store opening

bne IntelliNews February 7, 2021

Plans to open the Swedish furniture giant's first store in Ljubljana in 2020 were delayed due to the pandemic.