Central Europe / Tech

Largest IT deal of the year in Hungary falls through

Tamas Szilagyi in Budapest December 11, 2019

Hungary's 4iG has called off talks on buying the country's leading ICT company T-System, a subsidiary of Deutsche Telekom. Rumours the deal was falling through caused 4iG shares to plunge 10% before the news was confirmed.

Estonian anti-money-laundering startup Salv secures seed funding

bne IntelliNews December 9, 2019

Salv's ambition to tackle financial crime should resonate well in Estonia and in the Baltic region, where a number of banks have been embroiled in money laundering scandals.

Hungarian competition office slaps Facebook with heavy fine

bne IntelliNews December 9, 2019

HUF1.2bn fine for misleading statements, is the biggest ever fine levied in a consumer protection case in Hungary.

Estonia’s “secret career app” MeetFrank raises funds for international expansion

bne IntelliNews December 8, 2019

Latest round of venture capital funding for startup that aims to internationalise job searches comes amid further tightening of labour markets across CEE.

Amazon to open pan-European e-commerce logistics centre in Poland

bne IntelliNews December 3, 2019

International online retail giant Amazon is preparing to open a 210,000 sqm e-commerce logistics centre serving the whole European market in Gliwice, southern Poland, revealed industrial real estate company Panattoni, which built the facility.

Number of Czech online banking users up by 266% in the last ten years

Nelly Tomchikova in Prague November 27, 2019

The number of Czech online banking users has soared by 266% compared to 2009, from 1.5mn, according to the Czech Statistics Office ́s (CSO) presentation from November 26. In the last five years, their number has increased by 1.8mn to 5.5mn, out of wh

Slovak ministry to subsidise the purchase of electric cars

Nelly Tomchikova in Prague November 19, 2019

The Slovakian Ministry of Economy has announced a subsidy scheme to promote the purchase of electric vehicles and increase their number on Slovakian roads next year.