Estonia’s Bolt posts loss of nearly €45mn for 2020

bne IntelliNews August 17, 2021

Revenue rises 75% as mobility platform becomes third largest European scooter operator in the peak season.

Russian e-commerce major Ozon signs agreement with Kazpost to deliver parcels

bne IntelliNews August 16, 2021

Russian e-commerce major Ozon is expanding its presence in Kazakhstan. In August, Ozon began delivering orders to 2,000 post offices around the country in a partnership with Kazpost that will increase pick-up 20-fold.

First restaurant with food prepared by robotic chefs to open in Zagreb

bne IntelliNews August 15, 2021

Croatia-based GammaChef robots are capable of preparing one-pot dishes.

Work starts on Southeast Europe's first hyperscale data centre in Romania

bne IntelliNews August 12, 2021

Cluster Power technology park will host an artificial intelligence infrastructure centre developed in partnership with Nvidia.

Russian online product sales may exceed RUB1 trillion by 2024

Cameron Jones in London August 12, 2021

Russian e-commerce is booming and grocery delivery is becoming a key growth driver for the sector. By 2024 the turnover of this business may exceed RUB1 trillion, according to Infoline.

US NortonLifeLock to buy Czech anti-virus company Avast in $8bn deal

bne IntelliNews August 11, 2021

Deal to create global cybersecurity giant listed on Nasdaq.

Third of Estonian startups set up by e-residents

Linas Jegelevicius in Vilnius August 11, 2021

Most of the startups focus on business software development and fintech solutions.

IFC invests $10mn in Romania-born low-code bank technology startup FintechOS

bne IntelliNews August 11, 2021

FintechOS says its low-code approach to digital transformation improves the accessibility, affordability and impact of services for the financially excluded. This is what convinced the IFC to invest.

Croatian Bazzar receives growth equity investment from EMMA Capital Group

Eldar Dizdarevic in Sarajevo August 10, 2021

Investment to be used to strengthen Bazzar’s market position in Croatia and expand to international markets.

Deutsche Bahn Digital Ventures joins Croatian robotics firm Gideon’s Series A funding round

bne IntelliNews August 10, 2021

Funding round will accelerate the development and commercialisation of Gideon Brothers’ AI & 3D vision-based autonomous mobile robots.

Turkish fintech Odeal among top fundraisers in Q2

Akin Nazli in Belgrade August 8, 2021

Total of 63 Turkish start-ups raised $746mn in Q2, bringing H1 figures to 129 deals worth $1.26bn, says Country has several enterprises that look set to become unicorns waiting in the wings.

Russian startup Welldone backed by domestic investors in burgeoning meat alternative market

East West Digital News in Moscow August 6, 2021

Welldone, a Russian artificial meat startup founded last year, has secured $1.5mn from two local funds.

Russian-founded graphene nanotube leader valued at $2bn, inks investment agreement with Daikin

East West Digital News in Moscow August 5, 2021

OCSiAl, the Russian-founded global graphene nanotube leader, has inked an investment and business cooperation agreement with Japanese giant Daikin Industries.

Russian GetCourse secures $50mn from top investors, expects to generate $1bn in GMV this year

East West Digital News in Moscow August 5, 2021

Baring Vostok, the Russian PE/VC giant, Winter Capital, a Moscow-based international fund backed, in particular, by billionaire Vladimir Potanin, and Goldman Sachs have invested $50mn in GetCourse

Facebook launches its C2C classifieds platform in Russia

East West Digital News in Moscow August 5, 2021

Facebook has launched its C2C classifieds platform, dubbed ‘Marketplace,’ in Russia, reports the news agency TASS, as cited by East-West Digital News (EWDN).

Turkey’s Getir in partnership talks with local car rental app MOOV

Akin Nazli in Belgrade August 4, 2021

Online groceries delivery player has followed an aggressive expansion strategy that has this year taken it to London, Amsterdam, Berlin and Paris.

Estonia’s Bolt closes €600mn funding round

bne IntelliNews August 3, 2021

Largest capital injection so far raises valuation to $4bn and will be used to fund grocery delivery business.

European Commission approves acquisition of Telekom Romania by Orange, subject to conditions

bne IntelliNews July 29, 2021

Deutsche Telekom is selling its 54% stake in Romanian fixed line operator Telekom Romania Communications to Orange’s local subsidiary.

Russia will reportedly tighten e-commerce regulations

bne IntelliNews July 28, 2021

E-commerce platforms in Russia will have to disclose their ranging algorithms and guarantee participants a possibility to control prices, according to proposals currently considered by the federal anti-monopoly service.

Belarus' IT sector continues downward spiral

bne IntelliNews July 28, 2021

Almost one year after heavy political crackdowns began in Belarus, its IT industry faces extremely uncertain prospects.