Eurasia / Tech

Azerbaijan trades barbs with French and US diplomats in online "Twiplomacy"

bne IntelliNews December 20, 2024

Azerbaijani foreign ministry spokesperson Aykhan Hajizada calls France a "failed state" and slams US "hypocrisy" in heated exchanges on X.

Uzbekistan’s first unicorn Uzum to launch a second funding round and fuel faster growth

Ben Aris in Berlin December 10, 2024

Uzum is Uzbekistan’s leading tech giant and has doubled in size since its launch in 2022. It already raised $144mn this year, giving it a valuation of over $1bn that makes it the country’s first ever unicorn, and now will go for a second round.

Kyrgyzstan: MPs seem willing to give police a free hand

Eurasianet December 4, 2024

Critics say introduced bill marks a step towards a police state.

Corruption probe launched into Armenian satellite project

bne IntelliNews November 27, 2024

Armenian officials cited potential financial mismanagement tied to the May 2022 launch of Armenia's first satellite.

Top Uzbek e-commerce and fintech player Uzum posts $100mn in 9M24 net income

bne IntelliNews November 14, 2024

Express delivery service now significant revenue stream. Users represent third of Uzbekistan’s population.

Bitcoin mining in Georgia's Svaneti risks leaving households without power this winter

Ailis Halligan in Tbilisi November 13, 2024

The mountainous Svaneti region has become a cryptocurrency haven in recent years after the Georgian government slashed electricity prices for highland areas.

Kazakhstan’s big league fintech Kaspi acquires 65% of Turkish Nasdaq peer Hepsiburada for $1.1bn

Akin Nazli in Belgrade October 19, 2024

E-commerce platform’s share price jumps 40% as news of its new owner breaks.

MACRO ADVISORY: Kazakhstan’s fast growing digital economy supports Tokayev’s ambitious plan

Chris Weafer CEO of Macro-Advisory October 19, 2024

Kazakhstan’s economy, estimated to be $260bn last year, is the largest in the Eurasia region (ex-Russia). President Tokayev has set out a very ambitious reform programme to double that valuation by the end of this decade.

Kazakhstan and Nasdaq-listed fintech Kaspi fight back against short seller’s report

bne IntelliNews September 24, 2024

Regulator argues company is “one of the country's systemically important banks” that is in full compliance with sanctions regimes.

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