Tech
Bulgaria’s INSAIT launches three new AI models
Institute develops new Bulgarian-language AI models it says deliver "unprecedented performance".
Top Uzbek e-commerce and fintech player Uzum posts $100mn in 9M24 net income
Express delivery service now significant revenue stream. Users represent third of Uzbekistan’s population.
Bitcoin mining in Georgia's Svaneti risks leaving households without power this winter
The mountainous Svaneti region has become a cryptocurrency haven in recent years after the Georgian government slashed electricity prices for highland areas.
Serbia to launch Tesla Venture studio in January 2025
Startup “factory” intended to position Belgrade as a regional centre for entrepreneurship and start-up growth, says Chamber of Commerce and Industry.
Romanian intelligence service says bot farms active ahead of presidential election
SRI rules out role of “hostile foreign actors” after speculation Russia was behind disinformation campaigns.
Telekom Srbija plans US expansion after Trump's victory
CEO Vladimir Lucic believes Trump's re-election could benefit both the Serbian economy and Telekom Srbija.
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Display unveils groundbreaking 50% stretchable screen: a game-changer for fashion and mobility
LG Display has unveiled a pioneering stretchable screen that can expand by up to 50% of its original size, a first in the industry
Romanian online retailer eMAG to expand into Moldova in 2025 or 2026
eMAG outlines expansion plans shortly after referendum and presidential election confirm Moldova is on EU accession path.
OCSiAI opens cutting-edge graphene nanotube facility in Serbia
Plant to be the only site globally dedicated solely to industrial-scale graphene nanotube production, supplying industries worldwide.
German Dataciders acquires Bulgarian IT services provider ROITI
Takeover of Bulgarian data and AI consultant to strengthen Dataciders' customer base in the energy and utilities market.
Iran bans import and sale of Motorola mobile phones
Iran has banned the import and sale of Motorola phones, citing security concerns related to recent incidents involving Motorola pagers in Lebanon.
Estonian Bolt CEO calls remote work 'insanity'
Company will implement a hybrid work policy starting January 1, requiring staff to work in-office 12 days per month.
Half of Ukraine’s top IT firms see revenue drop amid war, relocations
Despite the challenges, several global players have remained resilient and employment in the industry has increased.
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Nebius aims to become a leading AI infrastructure provider
Company formed from the split of Russian tech giant Yandex's assets to meet "massive and sustained" demand for AI infrastructure.
Telekom Srbija raises $900mn in landmark bond issuance
Telekom Srbija's debut on Dublin Stock Exchange is first time a company from the Western Balkans has entered the international financial markets via a Eurobond issuance.
Mexico’s semiconductor and tech industries attract billions in new investments
Mexico is emerging as a key player in the semiconductor and technology industries, with both local and foreign companies ramping up investments.
Investment in Ukrainian defence startups set to hit $50mn in 2024
Investment set to surge tenfold from the $5mn recorded last year, finds study by KSE and Brave1.
Kazakhstan’s big league fintech Kaspi acquires 65% of Turkish Nasdaq peer Hepsiburada for $1.1bn
E-commerce platform’s share price jumps 40% as news of its new owner breaks.
MACRO ADVISORY: Kazakhstan’s fast growing digital economy supports Tokayev’s ambitious plan
Kazakhstan’s economy, estimated to be $260bn last year, is the largest in the Eurasia region (ex-Russia). President Tokayev has set out a very ambitious reform programme to double that valuation by the end of this decade.
Czech antitrust office raids internet leader Seznam
Seznam is a serious rival to Google as a search browser in Czechia, and its billionaire owner Ivo Lukačovič said in August he is considering an IPO.