Tech

Bulgaria's Payhawk valued at $570mn after CEE region’s second largest series B funding ever

Denitsa Koseva in Sofia November 23, 2021

Payhawk raised $112mn in a series B financing round led by San Francisco-based investor Greenoaks.

Serbia-founded HTEC Group acquires Silicon Valley's Momentum Design Lab

Eldar Dizdarevic in Sarajevo November 22, 2021

Launched at the University of Belgrade's startup incubator in 2008, HTEC now employs 1,000 people globally.

Seed-scattering drones replant fire-damaged forests in Croatia

bne IntelliNews November 18, 2021

Summer fires in Croatia often hit areas that are hard to reach overground.

Fans revive Durov brothers’ failed cryptocurrency

Theo Normanton in Moscow November 18, 2021

Toncoin was originally the brainchild of Russia’s social media tycoons the Durov brothers. It was taken over by an open community of developers, and is now worth upwards of $20bn.

Rio Tinto says “actively pursuing” plans to build battery gigafactory in Serbia

bne IntelliNews November 17, 2021

Rio Tinto's $2.4bn Jadar lithium-borates project in Serbia has the potential to position the company as the largest source of lithium supply in Europe for at least the next 15 years.

NEMETHY: Is bitcoin the new gold?

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors November 15, 2021

Much has been written about how bitcoin has taken lustre and market share from gold over the past decade. But has the death of gold been much exaggerated?

Lithuanian Conservative MP appears in his underwear in virtual meeting

bne IntelliNews November 10, 2021

Bronislovas Matelis had dressed only his top half for a call with fellow members of the parliamentary Committee on Governance and Municipalities — as revealed when he stood to take a phone call.

Bulgarian software company Melon signs strategic deal with Kosovo’s Frakton

bne IntelliNews November 10, 2021

Bulgaria-based software development services company Melon signs strategic investment deal with Frakton as part of its expansion in the Southeast Europe region.

Albania to use satellites and drones to fight drug cultivation

bne IntelliNews November 10, 2021

Satellites will also provide information on illegal construction and environmental pollution.

Romanian micro-financing platform Instant Factoring expands in Serbia

bne IntelliNews November 8, 2021

Romanian fintech says the potential of the Serbian market, as revealed by the growing amount of outstanding invoices and late payments, is increasing.

Hungary’s Pegasus spyware scandal takes new twist

bne IntelliNews November 8, 2021

A senior official from Hungary’s governing party acknowledged that the government had purchased Israeli spyware tool Pegasus, which was allegedly used to target journalists, businesspeople and an opposition politician.

Txt spk and WhatsApp putting the Albanian language in danger, PM says

bne IntelliNews November 7, 2021

PM Edi Rama tells students that misuse of the Albanian language in mobile communications puts it at risk.

Sber to open R&D centre in Berlin “to expand horizons in machine learning”

East West Digital News in Moscow November 7, 2021

Sber, the Russian financial and digital giant, is preparing to open an R&D centre in Berlin – its first one in Western Europe.

Banca Transilvania to create digital banking hub with Idea::Bank acquisition

bne IntelliNews November 3, 2021

Idea::Bank is the third bank purchased by Banca Transilvania, after Bancpost and Volksbank Romania.

Croatia’s Infobip acquires US-based Peerless Network, secures $500mn funding

bne IntelliNews November 2, 2021

Croatian IT champion Infobip makes fourth acquisition in less than a year, extending its presence in the US.

Bulgarian flexi-work tech company OfficeRnD raises $10mn

bne IntelliNews October 28, 2021

OfficeRnD raises $10mn in funding round led by US Runa Capital to develop its products, build new partnerships and expand its global footprint.

eMAG Ventures invests in Romanian refurbished phones marketplace

bne IntelliNews October 28, 2021

Investment fund created by eMAG, Romania's largest online retailer, backs refurbished phones marketplace Flip.ro in debut deal.

Slovenia’s BuWizz creates world's fastest app-controlled Lego car

bne IntelliNews October 27, 2021

BuWizz created a 1:8 scale model of the €1.8mn Spania GTA Spano hypercar out of Lego.

Emerging markets IT giant Softline sets final offer price in IPO

bne IntelIiNews October 27, 2021

International digital transformation and cybersecurity solution provider Softline has a total market capitalisation of around $1.5bn.

Car-sharing major Delimobil fully covers books on IPO

bne IntelIiNews October 27, 2021

The Russian car-sharing major is eyeing a potential valuation of over $900mn when it lists on the New York Stock Exchange.

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