Tech

AliExpress Russia invests in regional marketplace KazanExpress

East West Digital News in Moscow March 21, 2021

AliExpress Russia, a leading cross-border and domestic e-commerce platform in Russia, has invested in a major regional e-commerce company, KazanExpress, acquiring a 30% stake.

Romanian furniture and home decor e-retailer Vivre to issue €7mn bonds

bne IntelliNews March 19, 2021

Romania-based Vivre Deco is one of the largest online home and decor retailers in Central and Eastern Europe.

Yandex launches Coursera’s first data-labelling course with Toloka

NEO March 15, 2021

NASDAQ-listed tech giant Yandex, which includes over 90 mobile apps, services and products, is launching the world’s first online course to address the growing need for data labelling

Mail.Ru pursues gaming expansion on US market

East West Digital News in Moscow March 14, 2021

Earlier this month My.Games, a branch of LSE-listed Mail.ru Group, and its associated investment vehicle MGCV, announced “a strategic agreement” with Pizza Club Games

Russian direct sales giant Faberlic acquires Sports.ru to develop vertical communities

East West Digital News in Moscow March 10, 2021

An investment fund controlled by Alexey Nechaev, the founder of Russian direct sales leader Faberlic, has acquired Sports.ru with affiliated blogging and marketing assets.

Russia restrains Twitter’s speed and sues other social media over illegal content

Adrien Henni in Paris for East West Digital News March 10, 2021

The Russian Internet and telecom regulator Roskomnadzor announced on March 10 the first steps to disrupt Twitter’s speed within the country for failing to remove banned content.

Facebook says ads from Albanian political parties should be transparent

bne IntelliNews March 10, 2021

Ahead of April general election, social media giant says all electoral and political ads in Albania must come from authorised advertisers.

FPRI BMB Russia: Google tech tax 2.0

FPRI BMB Russia March 5, 2021

The latest in Russian tech protectionism, the government is considering implementing a new tax on foreign IT firms that use consumer data for advertising.

Uzbekstan's Fergana region to spend $8.5mn setting up electric scooter production

Alisher Kalandarov in Tashkent March 5, 2021

Three companies say they plan to set up production of electric scooters at the Kokand free economic zone.

Global IT group Stefanini opens EMEA operational security centre in Bucharest

bne IntelliNews March 5, 2021

Brazil-based company Stefanini's operational security centre in Bucharest will work with customers from the entire EMEA region.

Facebook agrees to pay 18% sales tax in Tajikistan

bne IntelliNews March 4, 2021

Tajik government has been trying for two years to boost state revenues by forcing tech firms like Microsoft, Google, Facebook and Booking.com to pay taxes inside Tajikistan.

UNDP in Kazakhstan joins global network of innovative accelerator labs

bne IntelliNews March 4, 2021

Accelerator Lab to focus on helping improve livelihoods through digitalisation, and supporting Kazakhstan's green transition.

Bosnian rock band Dubioza kolektiv and robot Robby Megabyte together in a new song

Eldar Dizdarevic in Sarajevo March 2, 2021

Sarajevo University students built the robot Robby Megabyte to perform with Bosnia’s most popular rock band, Dubioza kolektiv.

Kaspi.kz reports 33.6% jump in net income in 2020

bne IntelliNews March 2, 2021

Kaspi.kz has benefited from the coronavirus pandemic-driven shift to digital services by people who have been forced to largely stay indoors.

Prague-based ARX buys Slovenia’s I-Tech

bne IntelliNews March 1, 2021

Czech private equity investor to help I-Tech grow organically.

Montenegro to protect wines with smart tags in pilot study

bne IntelliNews March 1, 2021

Montenegro’s biggest wine producer 13 Jul Plantaze aims to protect its wines from counterfeiting.

IFC to provide $3mn loan to Kyrgyz broadband operator ElCat

bne IntelliNews March 1, 2021

Loan to Kyrgyzstan’s largest private wholesale broadband operator will boost fibre coverage in underserved areas of the country.

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.

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