Southeast Europe / Tech

IT company Span starts trading on Zagreb Stock Exchange

bne IntelliNews September 23, 2021

Span raised €13mn in first IPO of a Croatian IT company on the local exchange in 18 years.

New law to allow mass biometric surveillance of Serbian population

Eldar Dizdarevic in Sarajevo September 22, 2021

Hundreds of surveillance cameras installed in Belgrade to be activated for biometric surveillance if new legislation is approved, warns NGO the SHARE Foundation.

French Sendinblue acquires Bulgaria's Metrilo

bne IntelliNews September 21, 2021

As more companies move online in response to the pandemic, Sendinblue bought up companies in Bulgaria, India and the US to expand its offering.

Romanian online retailer Elefant reportedly plans November IPO

Iulian Ernst in Bucharest September 16, 2021

The company failed to capitalise on the e-commerce rally prompted by the coronavirus lockdowns in a market dominated by eMAG.

Romanian AI startup Humans raises $9mn

bne IntelliNews September 9, 2021

Funds raised through private sale of cryptocurrency with investment arm of blockchain company Elrond and blockchain investor Razvan Munteanu among the investors.

Iskratel and Ukrtelecom launch €12mn fibre network expansion project in Ukraine

bne IntelliNews September 7, 2021

New three-year partnership between Iskratel and Ukrtelecom will provide more than 300 locations in various Ukrainian regions with gigabit-capable connectivity.

Hacker attacks delay online start of Bulgaria’s 2021 census

bne IntelliNews September 7, 2021

Hackers have targeted the website of the 2021 census since it was launched, and the National Statistics Office said it was prepared for the attacks on the first day of census taking.

EV market may create copper deficit

Dimitri Frolowsckii of Neo September 3, 2021

Auto fleets' shift to electric vehicles in a global drive to cut carbon emissions will involve a drawdown on copper that could transform markets, and spur additional supply.

Western capitals get rapid grocery delivery from Emerging Market firms and founders

Stephen Bierman of NEO September 2, 2021

Competition between ultrafast grocery delivery services is intensifying in Western capitals. Emerging market players are looking set to dominate, while there's a crop of ambitious entrepreneurs all eager to become the next unicorn.

Blockchain to be used to fight rampant match-fixing in Moldova

bne IntelliNews September 1, 2021

Match-fixing is a serious problem in Moldova, where in December 2020 half of the teams in the top football league were revealed to be involved in the practice.

Telekom Srbija launches TS Ventures fund for high-tech startups

bne IntelliNews August 30, 2021

Serbia's first corporate venture capital fund launched by Telekom Srbija to target high-tech startups.

Half of Romanian retail entrepreneurs moved online during the pandemic

bne IntelliNews August 27, 2021

Survey shows the trend of creating online stores has continued this year, with some entrepreneurs closing their bricks and mortar stores to focus on selling online.

US DataArt to open new R&D centre in Bulgaria

bne IntelliNews August 26, 2021

DataArt to consider cites of Plovdiv and Varna for Bulgarian expansion depending on availability of software engineers.

Twitter labels Serbian pro-government media as state affiliated

bne IntelliNews August 17, 2021

President Aleksandar Vucic slams decision, challenges social networking platform to delete his account.

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.

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 Startups.watch. Country has several enterprises that look set to become unicorns waiting in the wings.

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