Tech
Electric flying taxis to launch in Saudi Arabia within two years
Austrian firm FlyNow Arabia plans electric helicopter services in Saudi Arabia starting 2027, targeting urban transport with €350,000 aircraft offering zero emissions and 55-decibel noise levels.
Russian state Max messenger mandatory across all devices
As of September 1, the Max messenger of state-controlled internet major VK is legally prerequired to be preinstalled on every smartphone and tablet sold in Russia, as well as be featured mandatory on the Russian app store RuStore, including on Apple.
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Croatia launches new digital platforms to streamline public services
Zagreb hopes the initiative will simplify bureaucratic procedures, boost transparency and improve user experience across Croatia’s public administration.
Migrants in Moscow spooked by government order to download geolocation app by Sept 1
“Amina” surveillance will inform interior ministry of guest workers’ exact whereabouts.
Moldova sets up fund to back tech startups
Chișinău aims to harness its growing IT potential by financing startups in strategic fields.
Croatia signs €285mn deal to expand broadband network to rural and island areas
Project is intended to support digital transformation, boost regional development and strengthen national security.
Russia builds major signals intelligence hub near Nato borders in Kaliningrad
Russia is constructing a large-scale signals intelligence facility near Chernyakhovsk, in the Kaliningrad exclave, less than 100 kilometres from the borders of Poland and Lithuania, United24 Media reported on August 24.
Trump policies wipe out $19bn in US renewables projects putting China in the lead to dominate the AI race
Donald Trump’s rollback of clean energy incentives has derailed nearly $19bn worth of renewable energy projects this year, raising concerns over the US’s ability to meet soaring power demand from the artificial intelligence boom.
US-based Marlabs buys Bulgarian INDEAVR
Acquisition to allow Marlabs to deepen its service offerings in sectors including energy, pharmaceuticals and industrial engineering.
Russian government draws up action plan to tighten control over internet
The Russian government has approved a sweeping action plan mandating operators to monitor user activity and granting law enforcement agencies powers to restrict communication services.
London-listed TBC Bank expands digital ecosystem with OLX Uzbekistan acquisition
OLX Uzbekistan is the sixth-most visited website in Uzbekistan with with 5.4mn monthly active users and 2.2mn active listings.
Digital brokerage firm Midas raises $80mn via largest fintech funding round in Turkey
Midas has raised an $80mn in a Series B funding round, which marked the largest investment round executed by a fintech company in Turkey, the digital brokerage platform said on August 19.
T-Technologies posts 83% jump in revenue and near-doubling of net profit for Q2 2025
T-Technologies, formerly Tinkoff Bank and now the Russian technology group developing a financial and lifestyle ecosystem, reported a sharp increase in revenue and profits for the second quarter and first half of 2025.
Moldova announces €200mn EU-backed high-tech park near Chisinau
Government representatives said the project reflects Moldova’s ambitions to position itself as a regional hub for innovation and digital industries.
Colombia's WOM secures approval for $800mn restructuring
Agreement secured approval from nearly 86% of creditors with voting rights, enabling the company to avoid potential liquidation.
Indonesia’s innovative Payment ID raises privacy concerns
Bank Indonesia has introduced a new identity for the national payment system, marking a shift towards a more unified, secure, and innovative financial ecosystem
Telekom Srbija to issue new round of bonds
State-controlled telco plans to issue up to €1.2bn in corporate bonds over the course of 2025 and 2026.