Estonia’s Bolt closes €600mn funding round

bne IntelliNews August 3, 2021

Largest capital injection so far raises valuation to $4bn and will be used to fund grocery delivery business.

European Commission approves acquisition of Telekom Romania by Orange, subject to conditions

bne IntelliNews July 29, 2021

Deutsche Telekom is selling its 54% stake in Romanian fixed line operator Telekom Romania Communications to Orange’s local subsidiary.

Russia will reportedly tighten e-commerce regulations

bne IntelliNews July 28, 2021

E-commerce platforms in Russia will have to disclose their ranging algorithms and guarantee participants a possibility to control prices, according to proposals currently considered by the federal anti-monopoly service.

Belarus' IT sector continues downward spiral

bne IntelliNews July 28, 2021

Almost one year after heavy political crackdowns began in Belarus, its IT industry faces extremely uncertain prospects.

Russia's MTS acquires control of blockchain firm Factorin

bne IntelliNews July 27, 2021

The acquisition is aimed at expanding MTS Group’s portfolio of digital financial services for B2B clients.

Ukraine bans Russian e-commerce giant Wildberries

bne IntelliNews July 26, 2021

Wildberries' assets to be blocked in Ukraine and it will be prevented from moving goods through the country.

Canadian blockchain developer ChainSafe acquires Croatia's Node Factory

bne IntelliNews July 26, 2021

Toronto-based blockchain development and engineering solutions company bought blockchain R&D firm based in Zagreb after collaborating on Lodestar project.

Shares of Romanian startup Air Claim nearly double in price on BVB after listing

bne IntelliNews July 26, 2021

Air Claim helps passengers get compensation for flights that are canceled or delayed.

Russia temporarily disconnects from the World Wide Web

bne IntelliNews July 23, 2021

Russia has been considering the concept of a "sovereign internet”, namely cutting itself off from the World Wide Web.

Bulgaria's Maxcom, Austria's Pierer to build €30.7mn e-bike plant in Plovdiv

bne IntelliNews July 22, 2021

Caretaker Economy Minister Kiril Petkov says Bulgaria has the chance to become 'number one in the whole of Europe' in e-bike sector.

Georgian e-commerce market more than tripled in 2020 report says

Neil Hauer in Yerevan July 21, 2021

E-commerce in Georgia increased more than threefold year-on-year in 2020 to nearly $45mn, a new Galt&Taggart report states.

US blockchain company Guilded mulls investment in Serbia

bne IntelliNews July 21, 2021

PM Ana Brnabic says Guilded interested in Serbia’s data storage capacities and data centre in Kragujevac.

The SPAC wave hits Russia

Adrien Henni in Paris for East West Digital News July 20, 2021

Could a Russian tech company ever be targeted by a SPAC, the special purpose acquisition companies that raise money with a list and only then try and acquire a promising company. Russia is about to see its first SPAC.

Bulgaria’s Dronamics to supply delivery drones to DHL in deal worth up to €1.86bn a year

bne IntelliNews July 20, 2021

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

Slovenia appoints ex-Uber executive as first minister for digital transformation

bne IntelliNews July 18, 2021

Mark Boris Andrijanic pledges to turn digitalisation into a national priority in Slovenia.

Montenegro's central bank sets up fintech hub

bne IntelliNews July 12, 2021

Hub to provide support to startups and banks active in the fintech field.

EU to grant Croatia's Rimac Automobili €200mn to develop driverless taxi

bne IntelliNews July 11, 2021

Electric supercar producer to receive funding under €6.3bn Recovery and Resilience Plan for Croatia.

Glorious story but modest exit for online fashion pioneer KupiVIP

Adrien Henni in Moscow for East West Digital News July 8, 2021

Yandex.Market is in the process of acquiring KupiVIP, one of the most established e-commerce brands in Russia, founded back in 2008 by German entrepreneur Oskar Hartmann.

Estonia’s Wise valued at €9.3bn on London Stock Exchange debut

bne IntelliNews July 8, 2021

Fintech formerly known as Transferwise has won customers during pandemic lockdowns as people sought alternative ways of transferring cash.

Western Balkans scrap roaming tariffs

bne IntelliNews July 1, 2021

Politicians say lifting of roaming tariffs is just the first step as cooperation efforts deliver financial benefits for citizens of the EU-aspiring region.