Eastern Europe / Tech

Russian e-commerce turnover up 1.5-fold in 1H22

bne IntelliNews August 11, 2022

Following the imposition of sanctions and the voluntary withdrawal of hundreds of international brands, Russians have turned to e-commerce sites to buy hard-to-find foreign brands.

Business Insider: Western tech majors have tested or used controversial Russian face recognition technology

Adrien Henni in Moscow for East West Digital News August 5, 2022

According to a report published last week by US publication Business Insider, a range of Western tech firms are users of FindFace, a controversial face recognition technology developed by Russian startup NtechLab.

From 4G to 6G: How Russia seeks to develop mobile networks amid shortages of domestic frequency and foreign equipment

East West Digital News in Moscow August 5, 2022

The Russian government intends to spend more than RUB30bn ($375mn at the pre-war exchange rate, $500mn at the current rate) on an R&D programme to deploy 6G until 2025.

Should I stay or go for founder of Russian internet major Yandex

bne IntelliNews August 1, 2022

The founder of Russian internet major Yandex, Arkady Volozh, could agree to a new shareholder and management structure for the company in exchange for the Kremlin’s permission to develop some of Yandex assets independently abroad

Belarus’ IT sector Part II – War and Peace with the IT sphere

bne IntelliNews July 15, 2022

As the growth of Belarus’ IT sector is facing stagnation, it may find itself in the middle of the Belarusian regime’s security and military apparatuses’ goals to increase their defensive and offensive capabilities in cyberspace.

Belarus’ IT sector Part I – Growth resilience despite tech-worker exodus

bne IntelliNews July 14, 2022

While many Belarusian IT workers already began leaving the country after the wave of political repression that followed Belarus’ 2020 presidential elections, Russia’s invasion of Ukraine initiated a second wave of fleeing IT workers.

VK set to become Russia’s tech leader as IT crisis shakes up sector

bne IntelIiNews July 12, 2022

While competitors are hit by sanctions, banned by the communications watchdog, or offload assets due to a worsening tech crisis, Russia's biggest social network is on a buying streak, consolidating its command of the sector.

Russia’s Rostec develops blockchain system as “real alternative” to SWIFT

bne IntelliNews July 7, 2022

Rostec, a state corporation that comprises more than 700 enterprises in the fields of defence and technology, announced in June it has developed a blockchain platform to provide a “real alternative to SWIFT in international settlements.”

Kazakhstan: Sanctions likely behind fresh delay at new Baikonur launchpad

Eurasianet June 29, 2022

Russian space chief Dmitri Rogozin has indicated that developers of a craft being designed for the pad will have to work around sanctions.

EWDN: How Russian game developers are being hit by the shockwave of war

Adrien Henni in Moscow for East West Digital News June 28, 2022

Russia’s war on Ukraine and the subsequent Western sanctions seem to have put the once-thriving Russian and Belarusian gaming industries in serious trouble, East West Digital News reports.

EWDN: Yet another Ukrainian-founded unicorn: airSlate raises more than $50mn in the US

East West Digital News in Kyiv June 17, 2022

airSlate (formerly known as pdfFiller), a Boston-based business automation software publisher, announced it secured $51.5mn in a deal that values airSlate at $1.25bn on June 16, East West Digital News reports.

Wargaming opens studios in Belgrade and Warsaw after pulling out of Russia and Belarus

bne IntelliNews June 15, 2022

Wargaming closed its studios in Russia and Belarus following the military invasion of Ukraine, and is now adding new studios in Central and Southeast Europe.

How Ukraine’s tech companies adapt to wartime after breaking records in funding in 2021

Adrien Henni of East West Digital News in Paris June 7, 2022

AVentures Capital, one of Ukraine’s top venture firms, has just released a new edition of its Dealbook of Ukraine. Each year, this publication offers an overview of the deals and trends involving Ukrainian and Ukrainian-founded tech companies.

Ukraine's IT hub is thriving in Transcarpathia

bne IntelliNews May 25, 2022

Transcarpathia has become Ukraine’s new IT hub as a cluster of 11 companies has officially begun working in the south-western region, Ukraine Business News reported on May 24.

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