Tech

Russia's Gutseriev family opens cryptocurrency exchange in Belarus

bne IntelliNews January 18, 2019

Larnabel Ventures, controlled by Said Gutseriev, the son of Russia's oligarch Mikhail Gutseriev, has launched Belarus' first regulated full-featured trade platform for tokenized exchange assets.

Megafon sells 50% of its blockchain company

bne IntelliNews January 17, 2019

Leading Russian mobile phone company Megafon sold its 50% stake in Kometrika, a holding created to develop commercial blockchain applications.

Russian telecoms giant Rostelecom in talks to buy leading data storage company

bne IntelliNews January 16, 2019

Rostelecom is in talks to buy DataLine, as telecoms companies scramble to get into the storage business for both commercial and political reasons.

Iran fails with satellite launch as row continues over whether its rockets cross red line

bne IntelliNews January 15, 2019

Production of ballistic missile that can take a nuclear payload is not the project aim officials insist.

Russian lawmakers amend criminal code to reduce pressure on social media activity

EWDN in Moscow January 15, 2019

Previously social media users had been prosecuted for just posting, reposting, commenting on or liking supposedly unlawful content.

Russian online retailer Ozon launches user-to-supplier loan platform

bne IntelliNews January 15, 2019

Ozon.ru, a leading Russian online retailer, is testing a service that will allow customers to grant loans to small and medium businesses among Ozon’s 2,000+ suppliers.

Russian state controlled fund of funds RVC to launch $100mn edtech fund

Adrien Henni in Moscow for East West Digital News January 15, 2019

RVC, the state-owned fund of funds dedicated to innovation, intends to launch an investment fund to support innovation in the field of education technologies in Russia.

US-based IT giant DXC to acquire Russian-founded Luxoft for $2bn

EWDN in Moscow January 15, 2019

DXC Technology and Russia’s Luxoft, two major, NYSE-listed IT service providers, announced a definitive agreement for DXC to acquire Luxoft, reported East-West Digital News (EWDN) in the first week of January.

Netflix paid a record $1mn for the rights to the Russian TV series “Better than People”

bne IntelliNews January 12, 2019

The $1bn reportedly paid by the US film streaming service for rights to the popular sci-fi series would be a record for a media rights sale in Russia.

Hungarian company merges IT with gastronomy to redefine the restaurant chain model

Levente Szilagyi in Budapest January 11, 2019

Cyberg, which operates a fast casual dining restaurant in downtown Budapest, will become the second company to have its shares traded on the Xtend market of the Budapest Stock Exchange.

Google Payment receives e-money licence in Lithuania

bne IntelliNews January 7, 2019

Lithuania has been positioning itself as a hub for Europe's fast growing fintech sector.

E-shops' sales in Czechia increased by 17% to CZK135bn in 2018

Nelly Tomcikova in Prague January 7, 2019

Sales in Czech online-shops boomed in the strong pre-Christmas season.

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