Tech

Russia’s state-owned tech agency claims its first unicorn

Ben Aris in Berlin May 23, 2019

Russia nanotube producer OCSiAl's valuation topped $1bn, making it Rosnano's first unicorn — but a high-profile economist has challenged the claim.

Number of online shoppers close to 5.4mn in Hungary

bne IntelliNews May 23, 2019

Online sales in Hungary are growing at a pace three-fold that of retail sales, around 17-18%, and accounted for 4.5% of total retail sales turnover last year, eNet found.

Rostec Embarks on Massive IoT Project

Vladimir Kozlov in Moscow May 23, 2019

GLONASS-TM will build a 53bn ruble ($811mn) federal network for Internet of Things (IoT) in a bid to secure presence in the segment expected to boom over the next few years

Latvia-China e-commerce hub launched in Riga

bne IntelliNews May 22, 2019

The hub is expected to promote economic cooperation between China and Latvia, which could reach €1bn in the coming years, a Latvian government official said.

Major win for Russian Yandex as software lands on dashboard of Avtovaz best selling cars

bne IntelliNews May 22, 2019

In the next five years Russian internet major Yandex will install its multi-media system Yandex.Avto on two million Ladas

Southeast Europe's first P2P lending platform launched in Moldova

bne IntelliNews May 21, 2019

Fagura Marketplace is a credit market based on P2P lending technology, where people looking for loans at a lower percentage than the financial market meet with investors.

First phase of ZalaZone race track inaugurated in Western Hungary

bne IntelliNews May 20, 2019

The Zalaegerszeg race track, one of its kind in the CEE region, has been specifically designed to test autonomous, connected, and electric vehicles.

MOL teams up with InoBat on hydrogen fuel cell development

bne IntelliNews May 20, 2019

The Hungarian company is pursuing alternative investments in line with its long-term strategy as it seeks to decrease dependence on its core business.

Iran erecting native firewall amid fears of intensified Israeli, US cyberwarfare

bne IntelliNews May 17, 2019

Since the Stuxnet virus wrought havoc at its Natanz nuclear site, Iranian university scientists have stepped up efforts to protect industry and infrastructure.

Facebook bans ads of Hungarian government-friendly media conglomerate

bne IntelliNews May 16, 2019

Mediaworks, which is closely aligned with the ruling conservative Fidesz, says there are "political and ideological reasons" for the decision.

Hyundai signs €80mn partnership deal with Croatia's Rimac Automobili

bne IntelliNews May 14, 2019

Rimac has grabbed the attention of international carmakers as the industry focus shifts towards electric vehicles.

Falling smartphone sales drag down home electronics sector in Romania

Iulian Ernst in Bucharest May 9, 2019

Sales of electro-IT goods down 1.7% in 1Q19, finds GfK study, despite "crazy growth" of phablet sales as Romanians switch to larger-screen mobile devices.

Yaskawa opens €25mn robot factory in Slovenia

bne IntelliNews May 7, 2019

Japanese tech group set up robot factory and development centre to meet sharply rising European demand for industrial robots as labour market squeeze deepens.

Moscow aims to become a top three global startup venue by 2030

bne IntelliNews May 2, 2019

Moscow is moving up the global rankings for cities that welcome startups and aims to enter the top three by 2030, according to Alexey Parabuchev, general director of Moscow’s Agency of Innovations.

Russian stoligarch Rotenberg, defence conglomerate and satellite navigation operator team up to create nationwide IoT network

EWDN in Moscow May 2, 2019

GLONASS-TM, a company launched in early 2018, intends to deploy an Internet-of-Things (IoT) network across Russia as part as a “government assignment”

UiPath raises $568mn in new funding round sending valuation to $7bn

bne IntelliNews May 1, 2019

Bucharest-born tech unicorn brings in new investors in funding round led by hedge fund Coatue that makes it one of the world's most valuable AI enterprise software companies.

Russia’s tiny, but growing venture capital market reached $714mn in 2018

EWDN in Moscow May 1, 2019

Russia's VC market grew by half in 2018 to reach $714mn as funds play a bigger role and invest three times more on average than in 2017

One year after ban, Telegram still accessible from Russia with growing audience

EWDN in Moscow May 1, 2019

One year after Russian authorities decided to block it, the instant messenger Telegram continues to be widely accessible from Russia, reports East-West Digital News (EWDN).

Russian stoligarch Rotenberg, defence conglomerate and satellite navigation operator team up to create nationwide IoT network

EWDN in Moscow May 1, 2019

GLONASS-TM, a company launched in early 2018, intends to deploy an Internet-of-Things (IoT) network across Russia as part as a “government assignment”

Wildberries leads the top 50 Russian e-commerce online stores ranked by revenues in 2018

Adrien Henni in Moscow for East West Digital News May 1, 2019

Fashion e-commerce retailer Wildberries was Russia’s biggest e-commerce online store in 2018 according to a new ranking by revenues from Data Insight, reports East-West Digital News (EWDN).

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