Tech

Albania needs reforms for e-commerce to thrive, says World Bank

bne IntelliNews January 21, 2021

Online markets grew during the coronavirus pandemic as firms expanded their offerings to reach clients during spring lockdown, but Albania's e-commerce sector remains small.

Iran’s technology minister indicted for failing to properly implement internet censorship

bne IntelIiNews January 21, 2021

Mohammad Javad Azari Jahromi, who brought 4G to the Islamic Republic, seen as siding with the country's youth.

North Macedonia plans to cut personal income tax in IT sector to zero in 2023

bne IntelliNews January 20, 2021

Tax cut to incentivise further development of the IT industry, said PM Zoran Zaev. North Macedonia's IT industry grew 17% in 2016-2019.

Spring lockdown caused spike in online transactions in Croatia

bne IntelliNews January 19, 2021

The number of online transactions in Croatia between March and October 2020 increased by 34% year on year, while their value jumped by 38%, the Croatian National Bank reported.

Durov rejects Western funds’ offer to buy 5%-10% of Telegram with $30bn valuation

Ben Aris in Berlin January 15, 2021

Russia’s most famous tech entrepreneur and the creator of the Telegram messaging service has rejected an offer by Western funds to buy a 5%-10% stake in the company with a valuation of $30bn.

Sofia-based LAUNCHub Ventures holds first close of new fund on €44mn

bne IntelliNews January 15, 2021

LAUNCHub Ventures aims to raise €70mn for the fund targeted at companies from Central and Southeast Europe in a range of tech sectors.

New Ukrainian VC firm QPDigital aims to invest up to $100 million in digital startups

East West Digital News in Moscow January 14, 2021

In late 2020 Quarter Partners, an established Ukrainian investment group, launched the venture firm ‘QPDigital‘ to invest up to $100mn in digital startups

UK Moneyhub picks Slovenia for post-Brexit European base

bne IntelliNews January 13, 2021

"The time is right to expand in Europe," said UK-based Moneyhub after opening a new office in Ljubljana.

Romanian chatbot builder Druid completes $2.5mn series A financing round

bne IntelliNews January 13, 2021

Druid, one of the best-capitalised startups in Romania, has a global partnership with Romanian-born robotic processing automation leader UiPath.

Slovenia’s Eligma completes €4mn funding round

bne IntelliNews January 10, 2021

Slovenian startup that aims to make cryptocurrencies part of daily life was valued at €50mn in latest funding round.

SAS buys UK-Serbian IT startup Boemska

bne IntelliNews January 8, 2021

Boemska specialises in low-code/no-code application deployment and analytic workload management for the SAS platform.

Romania’s eMAG marketplace launches online financing

bne IntelliNews January 8, 2021

Romania's biggest online retailer is offering a full online financing option to customers in partnership with Idea::Bank and IT companies FintechOS and Bitnovel.

Vodafone Albania plans €100mn infrastructure investments after AbCom merger

bne IntelliNews January 7, 2021

Merger with cable company AbCom brings Vodafone Albania into the fixed line market.

Romanian crowdfunding platform SeedBlink becomes crucial financing tool for local startups

bne IntelliNews January 6, 2021

Seedblink facilitated 26 of the 54 financing rounds for local startups in Romania last year, and was used by over 3,000 investors from 12 countries.

Metro outsources IT divisions including METRO Systems Romania to India’s Wipro

bne IntelliNews January 3, 2021

More than 1,300 employees across Germany, Romania and India will be transferred to Bengaluru-based Wipro.

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