Lithuania passes e-residency legislation to boost investment

Wojciech Kosc in Warsaw July 17, 2019

Follows the trail blazed by nearby Estonia which has operated an e-residency system since 2014.

Hungarian and Czech super laser facilities to form consortium

Levente Szilagyi in Budapest July 16, 2019

Super laser research facilities in the two CEE countries will form a European Research Infrastructure Consortium (ERIC), which is expected to start operating in January 2020.

Russian Yandex.Taxi snaps up Vezet assets from rival

bne IntelliNews July 16, 2019

The deal, if completed, would be a major blow to, which has been trying to compete in Russia's fast-growing taxi and digital mobility solutions market.

Four bidders expected for Kosovo’s Ipko

bne IntelliNews July 14, 2019

The planned sale of Telekom Slovenije’s Kosovan subsidiary Ipko is the latest move towards consolidation in the Balkan telecoms sector, Fitch Solutions writes.

Russian internet giant Yandex launches a beta version of its food retail app Supercheck

bne IntelliNews July 11, 2019

Online retail is growing in leaps and bounds even if traditional retail is in the doldrums on the back of six years of real income wage increase stagnation.

4iG clinches mega deal to buy Magyar Telekom's IT subsidiary T-System

bne IntelliNews July 10, 2019

With the acquisition of Hungary’s leading ICT company, the company owned by businessmen close to the government gained control of yet another company operating in a strategic sector.

Sberbank and Yandex e-commerce JV may end in divorce after only one year

bne IntelliNews July 9, 2019

It was supposed to be Russia’s e-commerce powerhouse, but the tie up between state-owned retail banking behemoth Sberbank and tech giant Yandex looks like it will end in divorce.

Huawei pledges up to €705mn in Polish investments

Wojciech Kosc in Warsaw July 9, 2019

The pledge appears to have come to ease the tension between Huawei and the Polish government after an employee of the company and a former Polish security official were arrested earlier this year on espionage charges.

iHunt shares to start trading on Bucharest stock exchange on July 9

bne IntelliNews July 8, 2019

Shares in Chinese mobile phones importer iHunt will start trading on the alternative trading system of the Bucharest Stock Exchange (BVB) on July 9, following the company’s IPO, the BVB said in a statement.

Hungary’s largest online booking site acquires Czech peer

Levente Szilagyi in Budapest July 8, 2019

Hungarian booking website acquired Czech-based group to enter its fifth market outside of Hungary in line with its growth strategy.

Hungarian government tightens grip on Hungarian Academy of Sciences

bne IntelliNews July 3, 2019

Lawmakers approved a controversial bill to take over the research network of the Hungarian Academy of Sciences and place it under a government-run body, in yet another blow to academic freedom.

EBRD and Swedbank’s Lithuanian branch team up to help fintech development

Wojciech Kosc in Warsaw July 2, 2019

Hub to promote fintech and tech-centric innovation and contribute to Lithuania’s goal of becoming a leading regional fintech centre in Europe, EBRD says.

Two Romanian telcos launch 5G services ahead of auction for dedicated bands

Iulian Ernst in Bucharest June 28, 2019

Vodafone Romania and local RCS & RDS to target major cities and seaside resorts with early rollout of 5G services using their existing frequency bands.

Russian online media major Rambler considers IPO

bne IntelliNews June 26, 2019

Russian online media major Rambler controlled by Alexander Mamut is considering holding an IPO, RBC business daily reported citing the head of the company Raphael Abramyan, who sees the company listed in two-three years.

Russia develops a major face-recognition scheme

Vladimir Kozlov in Moscow June 25, 2019

Russia is working on a large-scale face-recognition scheme that could provide a useful tool for law enforcers and a large order for its tech partner, NtechLab. Meanwhile, the segment's other local companies are also working on similar solutions.

Russia’s TON blockchain in testing phase

Vladimir Kozlov in Moscow June 24, 2019

Telegram Open Network (TON), one of the most highly anticipated projects in the blockchain world, is gaining momentum and is now in beta testing mode.