Russia's Yandex.Market teams up with Chinese

bne IntelliNews May 30, 2019

Yandex.Market online marketplace, a joint venture between internet major Yandex and Russia's largest bank Sberbank, closed a strategic partnership deal with Chinese e-commerce major

Russian tech investor Tavrin buys Sdelano apartment repair service

bne IntelliNews May 29, 2019

Kismet Capital Group (KCG) of Ivan Tavrin acquired 99.9% of apartment repair service Sdelano (Done), co-founded by the head of Afisha magazine and Strelka design institute Ilya Oskolkov-Tsentsiper

US-based Sovos acquires Turkish e-invoicing start-up Foriba

Akin Nazli in Belgrade May 29, 2019

Private equity-owned buyer picking up company with more than 450 multinational clients. It solutions include e-Invoice, e-Ledger, e-Archive, e-Delivery note, e-Ticket and e-Signature.

Cryptocurrency is the Pascal’s wager of finance

bne IntelliNews May 27, 2019

“The upside for crypto is enormous. It could grow ten-fold to catch up with something like the gold market, which is already $1.4 trillion in market capitalization. The cryptocurrency market capitalization is around $240mn and it has growth prospects

Zelenskiy launches his e-government concept "country in a smartphone"

bne IntelliNews May 24, 2019

Ukrainian President Volodymyr Zelenskiy says the "country in a smartphone" concept will make up for Ukraine's lag in e-government development.

Russia’s state-owned tech agency claims its first unicorn

Ben Aris in Berlin May 23, 2019

Russia nanotube producer OCSiAl's valuation topped $1bn, making it Rosnano's first unicorn — but a high-profile economist has challenged the claim.

Number of online shoppers close to 5.4mn in Hungary

bne IntelliNews May 23, 2019

Online sales in Hungary are growing at a pace three-fold that of retail sales, around 17-18%, and accounted for 4.5% of total retail sales turnover last year, eNet found.

Rostec Embarks on Massive IoT Project

Vladimir Kozlov in Moscow May 23, 2019

GLONASS-TM will build a 53bn ruble ($811mn) federal network for Internet of Things (IoT) in a bid to secure presence in the segment expected to boom over the next few years

Latvia-China e-commerce hub launched in Riga

bne IntelliNews May 22, 2019

The hub is expected to promote economic cooperation between China and Latvia, which could reach €1bn in the coming years, a Latvian government official said.

Major win for Russian Yandex as software lands on dashboard of Avtovaz best selling cars

bne IntelliNews May 22, 2019

In the next five years Russian internet major Yandex will install its multi-media system Yandex.Avto on two million Ladas

Southeast Europe's first P2P lending platform launched in Moldova

bne IntelliNews May 21, 2019

Fagura Marketplace is a credit market based on P2P lending technology, where people looking for loans at a lower percentage than the financial market meet with investors.

First phase of ZalaZone race track inaugurated in Western Hungary

bne IntelliNews May 20, 2019

The Zalaegerszeg race track, one of its kind in the CEE region, has been specifically designed to test autonomous, connected, and electric vehicles.

MOL teams up with InoBat on hydrogen fuel cell development

bne IntelliNews May 20, 2019

The Hungarian company is pursuing alternative investments in line with its long-term strategy as it seeks to decrease dependence on its core business.