Combined company to have annual revenue of around €220mn, and pave the way for eMag to enter five regional markets where Extreme Digital is already present.
Online retail sales in Hungary grew 17% to HUF425bn (€1.3bn) last year, according to a survey by GKI Digital and Arukereso. E-commerce in Hungary accounted for 4.5% of total retail sales turnover last year.
Development bank picked Bulgaria for its second shared services centre because of its strategic location, qualified labour force and good infrastructure.
Russian mobile taxi service Yandex.Taxi considers introducing a guaranteed minimum income for its drivers, Kommersant daily reported on March 13 citing industry sources.
Applications to the European Patent Office from CEE states rose strongly in 2018, though in absolute terms they still lag international manufacturing hubs in Western Europe, North America and the Far East.
Brazil, Russia, India, China and South Africa are currently developing a common payment system designed to be used from any of the five countries with their local currencies
Online reputation management agencies Sidorin Lab and Reputation Lab have attracted $3mn in equity funding from a pool of individual investors in exchange for a 30% stake in each company.
AllRight.io, an e-learning startup with Ukrainian and Russian roots, secured $1.5mn in a funding round led by Buran Venture Capital.
VEB.RF has stopped financing a digital transformation and blockchain competency centre, which it had co-founded in late 2017 with Russia’s National University of Science and Technology.
Five year after Russia took control of the peninsula, the sovereignty dispute between Russia and Ukraine over Crimea is still sensitive for online service providers
Utility says many facilities with installed equipment for crypto mining were among over 700 companies found to be using its electricity illegally.
Driving a taxi in Moscow is an easy job to get and a favourite toehold for immigrants arriving from the other former Soviet republics looking to break into the Russian labour market, but innovations by Yandex.Taxi is making the work conditions harder
The ITI Funds Crypto Index Fund (IFCIF) is the world’s first index fund that tracks a basket of crypto-assets.
National Liberal Party will initiate a public inquiry into Huawei’s contribution to the country’s critical infrastructure.
Czech Technical University of Ostrava´s team Protolab printed the world´s first unique scooter frame from stainless steel.
Chinese online retailer AliExpress is to launch sales of cars in Russia teaming up with Chinese carmaker Chery, Kommersant daily reported on March 5 citing the representatives of the company.
Russian payment system Mir has launched a contactless payment service MirPay, the National System of Payment Cards (NSPK) announced
Iranian officials believe US tech giant did not need to impose outright ban but erred on side of caution after receiving software list from media opposed to Islamic Republic.
The HTP was expected to approach this target only by 2020, according to forecasts from international auditors.
Czech telecommunication office (CTU) plans to launch auction for 5G frequencies network in November this year, to attract a fourth operator and boost competition, Reuters reported on February 27. A call for tender is planned to start in summer.