Eastern Europe / Tech

Sanctions have created opportunities for Chinese tech companies in Russia

bne IntelliNews January 23, 2025

Chinese IT companies are rapidly expanding their footprint in Russia, capitalising on new opportunities created by the ongoing war and extreme Western sanctions that have banned tech exports to Russia.

Belarusian blogger sets up a parody bank and token as a joke and unexpectedly becomes a millionaire

bne IntelliNews January 19, 2025

A Belarusian blogger set up a fake bank and launched a meme token as a joke and was stunned when it made him a millionaire in under a week.

Russia considering crackdown on "destructive" video games

bne IntelliNews January 16, 2025

Russian lawmakers are considering a crackdown on video games, blaming them for “aggression and violence,” while attempts to produce local, “patriotic” games have failed to get traction so far.

E-commerce grows up to 80% in Russian regions in 2024

bne IntelliNews January 16, 2025

Russian e-commerce and online services growth in 2024 stood at over 25% and is driven by deeper penetration into the regional territories.

RuNet sees its second big outage since January

bne IntelliNews January 15, 2025

Russia’s internet, or RuNet, experienced its second significant outage of the year, with users unable to access most websites and online services for approximately 30 minutes on January 14.

NEO: Why pick-up points for online orders are gaining popularity vs. home delivery

NEO January 14, 2025

The share of European consumers preferring home delivery for online orders dropped from 73% to 64% over the past year, according to a Last Mile Experts study.

Russian software firm Softline expects to grow 36% in 2025

bne IntelliNews January 9, 2025

Russian software major Softline reiterated its 2024 revenue growth guidance of more than 20% year-on-year (y/y) to RUB110bn ($96mn) and gross profit to grow by more than 27% y/y to RUB 30bn. EBITDA is expected to exceed RUB6bn, up 35% y/y in 2024.

Russia, Belarus make first cross-border digital financial asset transactions

bne IntelliNews January 6, 2025

The first cross-border transactions using digital financial assets (DFA) between Russia and Belarus have taken place as both countries try to avoid US financial sanctions.

Uncertain future for Russian IT growth

bne IntelliNews December 19, 2024

Almost three years after the departure of major Western IT firms, Russia's tech market is on the rise, but the growth is unlikely to be sustainable.

Investigation shows Russian money channeled to Romanian media and conspiracy theorists

Iulian Ernst in Bucharest December 3, 2024

Snoop investigation finds Kremlin-linked digital advertising firm AdNow channelled at least €2mn to Romanian media and influencers promoting conspiracy theories and far-right content.

Russia's robot industry struggles

bne IntelliNews December 2, 2024

Since the departure of global industrial robot manufacturers, Russia has been striving to establish local robot production as a substitute, but progress has been minimal so far.

Open-source code software: no easy solution for Russian companies

bne IntelliNews November 21, 2024

According to a recent study conducted by the Russian research group B1, 83% of companies in the country are either already using or planning to implement open-source solutions.

Half of Ukraine’s top IT firms see revenue drop amid war, relocations

bne IntelliNews October 26, 2024

Despite the challenges, several global players have remained resilient and employment in the industry has increased.

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