Kazakhstan: New Baikonur launch facility to be named after Nazarbayev

Almaz Kumenov for Eurasianet December 16, 2021

The new launchpad is designed to accommodate more environmentally safe craft.

Telekom Srbija to get a €70mn loan from EIB for introduction of 5G and expansion of 4G network

bne IntelliNews December 16, 2021

EIB loan will enable 60% of Serbian citizens to get access to 5G and expand the 4G network so it is accessible to almost all citizens.

Share of Albanian population buying online increased in 2021

bne IntelliNews December 13, 2021

21.4% of the population aged 16-74 say they made an online purchase in the last year as the pandemic closed bricks and mortar stores.

Romanian antivirus company Bitdefender prepares $2bn IPO in the US

bne IntelliNews December 13, 2021

Founded in 2001 in Bucharest, Bitdefender now has customers around the world.

Bulgaria’s Dronamics launches unmanned aircraft for cargo drone market that’s about to boom

Denitsa Koseva in Sofia December 9, 2021

Dronamics’ Black Swan can carry 350 kg of cargo a distance of 2,500 km at a cost up to 80% lower than any existing aircraft.

Romanian software producer Arobs lists shares on Bucharest Exchange

bne IntelliNews December 7, 2021

Arobs Transilvania Software shares ended first day of trading up 43% compared to the private placement, giving it a capitalisation of €176mn.

Romania’s software industry turnover set to rise by 11% in 2020

bne IntelliNews December 3, 2021

Turnover of the sector is expected to reach a new all-time high of over €9.2bn this year, according to economic data processing platform KeysFin.

IPO of Bulgarian cargo drone producer strongly oversubscribed

bne IntelliNews December 2, 2021

Dronamics' Black Swan can carry 350 kg of cargo 2,500 km at a cost up to 80% lower than any existing aircraft.

Croatia’s Konzum starts accepting cryptocurrency payments

bne IntelliNews December 1, 2021

Supermarket chain to accept payments in nine cryptocurrencies in project with local fintech Electrocoin.

4iG buys Digi's Hungarian telco assets for €625mn

bne IntelliNews December 1, 2021

The strategic partnership could create one of the leading telecommunications holding companies in the CEE region.

NEO: Samolet launches ecosystem for Russian real estate market

NEO November 30, 2021

Russian real estate developer Samolet Group has launched a digital platform that enables customers to handle all their property-related needs in one place, as companies across industries develop their online ecosystems.

Albanians and Montenegrins the least likely to shop online in Europe

bne IntelliNews November 30, 2021

Internet use and e-commerce are increasing in the Western Balkans but residents of the region are still less likely than their counterparts in the EU to make online purchases.

VK acquires edtech businesses in Russia and Brazil

East West Digital News in Moscow November 26, 2021

In the past few months, Russian Internet major VK (previously Group) demonstrated a strong appetite for online education — both in Russia and abroad.

“A new Dreyfus affair:” Ilya Sachkov asks President Putin to be transferred from jail to house arrest

East West Digital News in Moscow November 26, 2021

Ilya Sachkov, the top cybersecurity businessman who was arrested under charges of “state treason” in late September, has claimed he is innocent and asked President Putin to be transferred from jail to house arrest during the investigation.

Russian-founded incident management tool Amixr acquired by US major Grafana Labs

East West Digital News in Moscow November 26, 2021

US open source software platform Grafana Labs has acquired a Russian-founded startup called Amixr. Launched in 2019, this company has developed an incident management platform that allows DevOps and SRE engineers to “optimize channels, recipients"

Rostec releases anti-spying and hacker protected smartphone

East West Digital News in Moscow November 26, 2021

A smartphone with the function of mechanically disabling the camera and microphone running on a Russian operating system will be supplied to security forces and the state sector. A version of the device with Android 11 is already available in Russia.

New ESG Innovation Index praises Moscow city’s “tremendously effective public transport” and numerous edtech entrepreneurs

East West Digital News in Moscow November 26, 2021

Moscow ranks second among Europe’s largest cities in the ‘Future City ESG Innovation Index,’ put together by Munich-based think tank DEEP Ecosystems.

Russian digital banking giant Tinkoff acquires payment automation service Jump.Finance

East West Digital News in Moscow November 26, 2021

Tinkoff, the Russian digital banking giant, has taken control of Just Look, the company behind the Jump.Finance payment automation service. Tinkoff purchased a 51% stake under undisclosed terms.

Russia’s e-commerce trade growth expected to slow to 10% in 2021

bne IntelliNews November 26, 2021

The volume of Russia’s e-commerce trade is expected to slow to 10% in 2021 after it expanded by the pandemic lockdown bump of 59% in 2020, Russian Online Retail Association (AKIT) President Artyom Sokolov told Russian newswire PRIME.

Tech giant Yandex shakes up UK market with ultrafast grocer Yango Deli

Theo Normanton in Moscow November 25, 2021

The ultrafast format is taking cities by storm. Evgeny Chernikov, general manager of Yango Deli UK, talks about the company’s recent launch in London, what ultrafast groceries will look like in the future, and Yango Deli's plan to succeed.