Hungary's 4iG signs new deal to acquire Israel's Spacecom

Tamas Csonka in Budapest September 30, 2022

4iG allowed to acquire a 20% stake in satellite company as a "first step" and three years later take majority control if Israeli communications ministry approves.

Albania signs $6mn satellite deal to fight drugs and crime

bne IntelliNews September 30, 2022

Tirana agrees with US-based Satellogic USA Inc. to develop a dedicated satellite constellation that will enable satellite monitoring of the country’s territory.

Regime’s response to Iran protests strands digital economy in social media ‘desert’

bne IntelIiNews September 29, 2022

Cutting off Instagram has put around 400,000 businesses “at risk of annihilation”, says analyst.

French Alten takes over Romanian tech firm Qualitance

bne IntelliNews September 29, 2022

Deal will help Alten strengthen its presence in Romania and the broader Central and Eastern Europe region.

US venture firm launches new fund with exclusive Ukrainian focus

East West Digital News in Kyiv September 25, 2022

Earlier this month ffVC, an international VC firm comprised of several funds in the US and Europe, announced the launch of a new fund exclusively dedicated to Ukrainian founders and startups.

Top Russian e-scooter service aims to raise $167mn on Moscow Exchange

East West Digital News in Moscow September 25, 2022

Russian kick-sharing service Whoosh intends to go public on the Moscow Exchange this or next year.

Serbia’s video game industry generated revenues of €125mn in 2021

bne IntelliNews September 23, 2022

Serbia is an emerging high-tech hub that is especially strong in blockchain and game development.

Head of North Macedonia’s e-commerce platform Grouper joins Serbia’s Ananas, fuelling takeover rumours

Valentina Dimitrievska in Skopje September 18, 2022

Grouper was set up as a startup by North Macedonia’s ex-finance minister Nina Angelovska in 2011.

France's 52 Entertainment buys Bulgarian gaming developer Casualino

bne IntelliNews September 18, 2022

French e-gaming company 52 Entertainment aims to improve its regional capabilities in board and card games.

Romania expects €200mn from 5G licenses in 2022

bne IntelliNews September 15, 2022

Bucharest sweetened terms for telcos building 5G networks in Romania, but companies will no longer get preferential electricity prices.

US-Bulgarian Alcatraz AI raises $25mn in Series A funding

bne IntelliNews September 15, 2022

Alcatraz AI has raised nearly $50mn in total to develop its autonomous access control system using 3D facial authentication and artificial intelligence.

Romania's MedLife buys up health-tech company SanoPass

bne IntelliNews September 13, 2022

Fast-growing private medical services provider MedLife enters the wellness segment with acquisitions of SanoPass and Sweat Concept One gyms.

Renault production halted at Turkey plant on chip shortages

Akin Nazli in Belgrade September 12, 2022

Country’s automakers have suffered output disruptions caused by global lack of semiconductors for more than a year and a half.

Turkey takes top spot for most expensive iPhones in the world

Akin Nazli in Belgrade September 11, 2022

Country leapfrogs Brazil with the launch of the iPhone 14 models, with the Erdogan administration’s indirect taxes meaning the consumer must pay at least $1,700 for one of the latest-generation smartphones.

Croatia’s Span opens cyber security centre in Zagreb

bne IntelliNews September 6, 2022

CEO Nikola Dujmovic says cyber security "has never been more important" as Span launches centre in cooperation with Israeli Cybergym.

HTEC Group acquires Bosnia’s Mistral to build up engineering base in Southeast Europe

bne IntelliNews September 2, 2022

Serbia-born HTEC Group now has over 2,000 professionals at development centres across Southeast Europe.

FBI to help Montenegro deal with cyber attacks

bne IntelliNews August 31, 2022

Montenegro’s national security agency warns cyber attacks linked to Russia will get worse.

Crypto finds its wings amid hard times in Mongolia

Antonio Graceffo in Ulaanbaatar August 26, 2022

Country boasts a dozen cryptocurrency exchanges and more than 40 Mongolian virtual coins including the Inflation Hedging Coin, or IHC.

‘Bark Map’ social media app causes outcry in Turkey after spike in number of poisoned street dogs

bne IntelIiNews August 24, 2022

Same people behind platform previously targeted street cats, activists claim.

Twitter suspends Serbian diplomatic accounts

bne IntelliNews August 24, 2022

It's not known why Twitter suspended the accounts of several Serbian embassies, though it follows a significant rise in tensions between Serbia and Kosovo.