Tech

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.

Russian leading health food retailer Vkusvill launches hot meal delivery

bne IntelliNews August 31, 2021

Russian leading health food retailer and foodtech company Vkusvill has announced expanding its delivery of prepared meals with a new project offering hot food delivery. The service is now available via the VkusVill mobile app.

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.

Hungary’s 4iG to take control of state-owned telecom infrastructure company Antenna Hungaria

bne IntelliNews August 26, 2021

Strategic partnership agreement will create one of the leading telecommunications holding companies in the CEE region.

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.

Estonia’s Bolt posts loss of nearly €45mn for 2020

bne IntelliNews August 17, 2021

Revenue rises 75% as mobility platform becomes third largest European scooter operator in the peak season.

Russian e-commerce major Ozon signs agreement with Kazpost to deliver parcels

bne IntelliNews August 16, 2021

Russian e-commerce major Ozon is expanding its presence in Kazakhstan. In August, Ozon began delivering orders to 2,000 post offices around the country in a partnership with Kazpost that will increase pick-up 20-fold.

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.

Russian online product sales may exceed RUB1 trillion by 2024

Cameron Jones in London August 12, 2021

Russian e-commerce is booming and grocery delivery is becoming a key growth driver for the sector. By 2024 the turnover of this business may exceed RUB1 trillion, according to Infoline.

US NortonLifeLock to buy Czech anti-virus company Avast in $8bn deal

bne IntelliNews August 11, 2021

Deal to create global cybersecurity giant listed on Nasdaq.

Third of Estonian startups set up by e-residents

Linas Jegelevicius in Vilnius August 11, 2021

Most of the startups focus on business software development and fintech solutions.

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.

Russian startup Welldone backed by domestic investors in burgeoning meat alternative market

East West Digital News in Moscow August 6, 2021

Welldone, a Russian artificial meat startup founded last year, has secured $1.5mn from two local funds.

Russian-founded graphene nanotube leader valued at $2bn, inks investment agreement with Daikin

East West Digital News in Moscow August 5, 2021

OCSiAl, the Russian-founded global graphene nanotube leader, has inked an investment and business cooperation agreement with Japanese giant Daikin Industries.

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