Tech
Romania expects to get €720mn from sale of 5G licenses this year
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
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
MoU to help North Macedonia increase its resilience to cyber threats.
Rent-a-car app Yolcu360 tops Deloitte Technology Fast 50 Turkey 2020 ranking
Virtual studio developer Zero Density placed second while online streaming platform BluTV ranked third.
Croatia’s Photomath raises $23mn funding
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
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
Largest-ever crowdfunding through Seedblink platform allows Milluu to replicate its business model in Warsaw.
Russia’s USM, Mail.ru Group, RDIF and Megafon to create a digital finance and payments JV with Jack Ma’s Ant Group
Russia’s telecom and tech giants Mail.ru 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
DaiBau runs portals in several countries where investors can link up with building contractors.
Belgian IT company Cegeka opens office in Moldova
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
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
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
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
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
'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
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
Games developer says security breach did not compromise players' personal data.
Romanian digital currency ELGD triples capitalisation in seven days
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
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
Plans to open the Swedish furniture giant's first store in Ljubljana in 2020 were delayed due to the pandemic.