Tech
Romanian online retailer Elefant reportedly plans November IPO
The company failed to capitalise on the e-commerce rally prompted by the coronavirus lockdowns in a market dominated by eMAG.
Sber considers listing digital subsidiaries in a few years
Sber, the state-controlled financial and digital giant, is considering having some of its digital subsidiaries listed, stated Sber president Herman Gref last week on the sidelines of the Eastern Economic Forum, reiterating previous statements.
Russia’s Yandex beats off the largest DDoS attack in history
The international listed Russian tech giant Yandex said it beat off the largest distributed denial-of-service (DDoS) hacker attack in the history of the internet.
Western-funded Russian online retailer KupiVIP shuts down after 13-year e-commerce story
On September 1 KupiVIP, once a top Russian fashion site, and its affiliate Mamsy.ru, wound up their operations September 1, unable to compete with Russia’s new generation of online retail giants, reports East-West Digital News (EWDN).
Russian tech exports up threefold since 2018
Russia’s earnings from tech exports have jumped more than threefold over the last two years, according to a new report from Moscow’s Higher School of Economics (HSE), reports East-West Digital News (EWDN).
Russian tech companies Cian, Delimobil target New York IPOs this autumn
Russian car-sharing major Delimobil and real estate database Cian are considering US IPOs this autumn, hoping to raise around $350mn each, according to “financial market sources.”
Romanian AI startup Humans raises $9mn
Funds raised through private sale of cryptocurrency with investment arm of blockchain company Elrond and blockchain investor Razvan Munteanu among the investors.
Iskratel and Ukrtelecom launch €12mn fibre network expansion project in Ukraine
New three-year partnership between Iskratel and Ukrtelecom will provide more than 300 locations in various Ukrainian regions with gigabit-capable connectivity.
Hacker attacks delay online start of Bulgaria’s 2021 census
Hackers have targeted the website of the 2021 census since it was launched, and the National Statistics Office said it was prepared for the attacks on the first day of census taking.
EV market may create copper deficit
Auto fleets' shift to electric vehicles in a global drive to cut carbon emissions will involve a drawdown on copper that could transform markets, and spur additional supply.
Western capitals get rapid grocery delivery from Emerging Market firms and founders
Competition between ultrafast grocery delivery services is intensifying in Western capitals. Emerging market players are looking set to dominate, while there's a crop of ambitious entrepreneurs all eager to become the next unicorn.
Blockchain to be used to fight rampant match-fixing in Moldova
Match-fixing is a serious problem in Moldova, where in December 2020 half of the teams in the top football league were revealed to be involved in the practice.
Russian leading health food retailer Vkusvill launches hot meal delivery
Russian leading health food retailer and foodtech company Vkusvill has announced expanding its delivery of prepared meals with a new project offering hot food delivery. The service is now available via the VkusVill mobile app.
Telekom Srbija launches TS Ventures fund for high-tech startups
Serbia's first corporate venture capital fund launched by Telekom Srbija to target high-tech startups.
Half of Romanian retail entrepreneurs moved online during the pandemic
Survey shows the trend of creating online stores has continued this year, with some entrepreneurs closing their bricks and mortar stores to focus on selling online.
US DataArt to open new R&D centre in Bulgaria
DataArt to consider cites of Plovdiv and Varna for Bulgarian expansion depending on availability of software engineers.
Hungary’s 4iG to take control of state-owned telecom infrastructure company Antenna Hungaria
Strategic partnership agreement will create one of the leading telecommunications holding companies in the CEE region.
Twitter labels Serbian pro-government media as state affiliated
President Aleksandar Vucic slams decision, challenges social networking platform to delete his account.
Estonia’s Bolt posts loss of nearly €45mn for 2020
Revenue rises 75% as mobility platform becomes third largest European scooter operator in the peak season.
Russian e-commerce major Ozon signs agreement with Kazpost to deliver parcels
Russian e-commerce major Ozon is expanding its presence in Kazakhstan. In August, Ozon began delivering orders to 2,000 post offices around the country in a partnership with Kazpost that will increase pick-up 20-fold.
