Tech

Uzbekistan’s IT outsourcing sector takes off

Ben Aris in Tashkent March 13, 2024

Uzbekistan is hoping to establish itself as a major IT outsourcing centre, able to compete with the likes of India, Belarus, Ukraine and Romania, and has already seen its export revenue grow exponentially in the last four years.

Tirana-based Dev.al acquires Rubicon to enter financial services market

bne IntelliNews March 10, 2024

Tirana-based software development company Dev.al took over Rubicon, best known for its popular instant payment app Pago.al.

NBU prepares the way for a digital currency with a second round of market place tests

bne IntelliNews March 8, 2024

The National Bank of Ukraine has unveiled plans for a second phase of e-hryvnia testing slated for later this year, as the regulator prepares the ground to launch its own digital currency, the NBU said in a statement on March 7.

US sanctions Intellexa consortium entities in Hungary and North Macedonia for spyware development

bne IntelliNews March 6, 2024

OFAC says companies in Hungary and North Macedonia sanctioned for developing Intellexa's Predator spyware.

BMW and Romanian partner NTT Data establish IT joint venture in Cluj-Napoca

bne IntelliNews March 6, 2024

BMW says partnership will establish new hub and tackle problem of IT expert shortage.

SpaceX launch of nano satellites marks Mongolia’s entry into global space industry

bne IntelliNews March 5, 2024

PM says he wants to see emergence of a “vibrant domestic space industry”.

Romania refuses to license Huawei equipment for 5G applications

bne IntelliNews March 1, 2024

Telcos in Romania can only use technology from companies approved by the government in their 5G networks.

OKX announces launch of crypto exchange in Turkey

bne IntelliNews February 27, 2024

Figures have shown Turks’ ownership of digital currencies at the highest level in the world.

Yandex N.V. to reinvent itself after leaving Russia

Vladimir Kozlov in Cyprus February 27, 2024

In early February, Yandex NV (YNV) - the Dutch parent company of Russia's online giant Yandex, often referred to as the "Russian Google"- announced its long expected exit from Russia. Now YNV hopes to reinvent itself, focusing on four core businesses

GapMinder sets up €80mn VC fund with EU, EBRD among investors

bne IntelliNews February 23, 2024

Fund to target Romania and the region with focus on fintech, cybersecurity, enterprise automation and data/analytics.

Bulgarian competition body allows UAE’s Etisalat by e& to buy PPF telecom assets

bne IntelliNews February 19, 2024

CPC allows Middle Eastern investor to acquire indirect control of mobile operator Yettel Bulgaria and telecoms infrastructure provider Cetin Bulgaria from Czech PPF Group.

GlycanAge's pursuit of longevity boosted by $4.2mn seed funding

bne IntelliNews February 19, 2024

GlycanAge will use the funds to scale its business that lets users learn their biological age, as well as diversifying into the broader diagnostics market.

UK government to pay TikTok stars to tell Albanians to stay away

bne IntelliNews February 15, 2024

Leaked proposal shows London to pay money to social media influencers in Albania and other countries with high levels of illegal migration.

Russian internet major VK buys 70% in Many Apps developer

bne IntelliNews February 13, 2024

Russian state-controlled internet major VK (former Mail.ru) bought 70% in the Many Apps (Mnogo Prilozheniy) developer, which was among other projects one of the developers of the RuStore mobile app shop, according to Vedomosti daily.

Kosovo’s incumbent telco promises 5G services after massive investments this year

bne IntelliNews February 9, 2024

Telecom of Kosovo will start delivering 5G services from mid-2024, starting with the Pristina area.

Russia, Belarus to coordinate website censorship

bne IntelliNews February 7, 2024

Russia and Belarus are collaborating to establish a unified database of "extremists," according to the Belarusian ambassador in Moscow BelTA reported on February 6.

Croatian Project 3 Mobility raises €100mn in investment round

bne IntelliNews February 7, 2024

Croatian tech champions, Middle Eastern investors and international tech companies are among company's backers.

Romania to pass deepfake law after central bank chief shown hawking investment scheme

Iulian Ernst in Bucharest February 6, 2024

Internet flooded with fake videos showing prominent Romanians apparently promoting get-rich-quick schemes.

The Kremlin's creeping control over Russia's internet

bne IntelliNews February 5, 2024

Russian officials are poised to try to shut off the Virtual Private Networks (VPNs) starting in March, as the Kremlin increasingly takes control of RuNet.

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