Tech
MOL teams up with InoBat on hydrogen fuel cell development
The Hungarian company is pursuing alternative investments in line with its long-term strategy as it seeks to decrease dependence on its core business.
Iran erecting native firewall amid fears of intensified Israeli, US cyberwarfare
Since the Stuxnet virus wrought havoc at its Natanz nuclear site, Iranian university scientists have stepped up efforts to protect industry and infrastructure.
Facebook bans ads of Hungarian government-friendly media conglomerate
Mediaworks, which is closely aligned with the ruling conservative Fidesz, says there are "political and ideological reasons" for the decision.
Hyundai signs €80mn partnership deal with Croatia's Rimac Automobili
Rimac has grabbed the attention of international carmakers as the industry focus shifts towards electric vehicles.
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Falling smartphone sales drag down home electronics sector in Romania
Sales of electro-IT goods down 1.7% in 1Q19, finds GfK study, despite "crazy growth" of phablet sales as Romanians switch to larger-screen mobile devices.
Yaskawa opens €25mn robot factory in Slovenia
Japanese tech group set up robot factory and development centre to meet sharply rising European demand for industrial robots as labour market squeeze deepens.
Moscow aims to become a top three global startup venue by 2030
Moscow is moving up the global rankings for cities that welcome startups and aims to enter the top three by 2030, according to Alexey Parabuchev, general director of Moscow’s Agency of Innovations.
Russian stoligarch Rotenberg, defence conglomerate and satellite navigation operator team up to create nationwide IoT network
GLONASS-TM, a company launched in early 2018, intends to deploy an Internet-of-Things (IoT) network across Russia as part as a “government assignment”
UiPath raises $568mn in new funding round sending valuation to $7bn
Bucharest-born tech unicorn brings in new investors in funding round led by hedge fund Coatue that makes it one of the world's most valuable AI enterprise software companies.
Russia’s tiny, but growing venture capital market reached $714mn in 2018
Russia's VC market grew by half in 2018 to reach $714mn as funds play a bigger role and invest three times more on average than in 2017
One year after ban, Telegram still accessible from Russia with growing audience
One year after Russian authorities decided to block it, the instant messenger Telegram continues to be widely accessible from Russia, reports East-West Digital News (EWDN).
Russian stoligarch Rotenberg, defence conglomerate and satellite navigation operator team up to create nationwide IoT network
GLONASS-TM, a company launched in early 2018, intends to deploy an Internet-of-Things (IoT) network across Russia as part as a “government assignment”
Wildberries leads the top 50 Russian e-commerce online stores ranked by revenues in 2018
Fashion e-commerce retailer Wildberries was Russia’s biggest e-commerce online store in 2018 according to a new ranking by revenues from Data Insight, reports East-West Digital News (EWDN).
Samsung Electronics says rumours of impending departure from Iran are false
In message to Iranian tech websites company says it “highly values its family of fans and consumers” in the country.
Russian retailer O’key reportedly eyed by Yandex.Market online marketplace
Struggling mid-cap retailer O’key could be in part acquired by Yandex.Market online marketplace, a joint venture between Russia’s largest bank Sberbank and most valuable digital company Yandex.
Facebook and Twitter given nine more months to comply with Russian data-localisation law
Russian telecom and Internet regulator Roskomnadzor extends deadline extended for social media giants to move Russian users’ data onto servers located physically on Russia soil.
MTS launches corporate fund to invest $15mn in startups
Fund launched by Mobile TeleSystems, one of Russia’s main mobile operators, will target startups across Russia and neighbouring countries.
Steel magnate Alexey Mordashov buys a Moscow startup that helps people adopt healthier lifestyles
Severgroup, a group of companies controlled by steel magnate Alexey Mordashov, has acquired GetLean, a Moscow-based startup providing courses on healthier food and lifestyle.