Central East Europe / Tech
Revolut receives green light from central bank to launch Hungarian branch
Revolut has grown into a significant competitor for traditional Hungarian banks, particularly in foreign exchange and money transfers.
Defence conglomerate Czechoslovak Group acquires Serbian drone tech company MUST Solutions
CSG has been on a shopping spree propelled by its boosted sales following the Russian full scale invasion of Ukraine in 2022 as well as armed conflicts in the Middle East and Africa.
Latvian fintech Eleving Group raises €275mn in oversubscribed bond issue
Proceeds to be used to refinance €150mn in existing bonds and to expand Eleving's loan portfolio.
4iG strikes strategic partnerships with UAE giants e&, Mubadala, EDGE Group during president’s official visit to Budapest
Deals to foster joint initiatives in digital infrastructure, telecommunications and strategic investments, with a particular focus on CEE, MENA and the Western Balkans.
Belarus drone breach prompts diplomatic protest from Lithuania
a Russian-made Gerbera drone entered Lithuanian airspace from Belarus and crashed about one kilometer inside Lithuania, close to the closed Šumskas border checkpoint.