Tech
Sberbank's joint project with Mail.ru is in limbo
Following the high-profile divorce between Russia's largest, state-owned lender Sberbank and tech giant Yandex earlier this year, the future of the bank's partnership with another local tech company, Mail.ru Group, is now also in danger of collapsing
Russian police unveils $720mn AI-focused digitalisation scheme
Russia's Interior Ministry has presented to the government a RUB55bn ($720mn) digital transformation programme that has a heavy focus on artificial intelligence (AI).
Lithuanian telecom giant’s market value surges past €1bn after 5G launch
Telia Lietuva's stock began to rise after the company announced on November 10 that it was the first in Lithuania to start testing 11 5G base stations in the city centres of Vilnius, Kaunas and Klaipeda.
Ex-official’s electric vehicle start-up valued at $5.4bn
The UK-based Arrival electric vehicle start-up, founded by Russian businessman and ex-Deputy Minister of Communications Denis Sverdlov, announced this week that it intends to IPO on Nadaq with a $5.4bn valuation, reports The Bell.
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Czech companies dominate this year’s Deloitte Technology Fast 50 CE
A record 21 Czech companies made it into the ranking of the region’s fastest growing tech businesses.
After raising $2.1mn, this Russian truck driving startup wants to become a unicorn
Fura, a Moscow-based startup offering high-tech services to truck drivers, has raised 160mn rubles ($2.1mn at the current exchange rate) in a Series A round led by an unnamed Swiss-Russian fund.
Twice as expensive as Elon Musk’s Starlink, Russia’s satellite Internet project still awaits state funding
Russia has plans to develop its own cluster of at least 500 “next-generation, multi-spectrum satellites,” starting from next year that will provide internet across the country's vast territory
Cisco expands cloud-based services with acquisition of high-flying Budapest-based startup
Takeover of Kubernetes-focused Hungarian startup Banzai Cloud is Cisco's second cloud-native-focused acquisition in two months.
UK fintech DiPocket sets up CEE base in Lithuania
Lithuania has been lately hailed as a haven for fintech firms that are seeking expansion or relocating due to Brexit.
Russian petrochemical major Sibur spearheads digital transformation
Russian petrochemical major Sibur told East-West Digital News it has developed a technology which allows high-precision modelling of physicochemical processes in petrochemical production.
MegaFon invests in fast-growing challenger on Russian online video market
MegaFon, a major Russian mobile phone operator, is to acquire 33.8% of Digital Media Holding LLC (DMH), the parent company of the Start video service.
Estonia’s Bolt to invest €100mn in rental services in 2021
Maverick Estonian transport company Bolt announced it will expand its light-duty electric vehicle rental service to 100 European cities and bring 130,000 electric scooters and bicycles to the streets in 2021.
Russian petrochemical major Sibur spearheads digital transformation
Russian petrochemical major Sibur told East-West Digital News it has developed a technology which allows high-precision modeling of physicochemical processes in petrochemical production.
Russia sharpens knives against cybercrime
A center for combating cybercrimes, telephone spam and phishing will be created in Russia as part of a government program for the digital economy
Banki.ru founders sell their stake to settle conflict with US investor
An investor consortium led by Russian private equity firms Elbrus Capital and Winter Capital has acquired 60% of Banki.ru, a leading bank and insurance marketplace.
MegaFon invests in fast-growing challenger on Russian online video market
MegaFon, a major Russian mobile phone operator, is to acquire 33.8% of Digital Media Holding LLC (DMH), the parent company of the Start video service
Russian sovereign fund RDIF invests in telemedicine platform, targets 100mn potential users
The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) is investing in a telemedicine platform developed by Digital Medical Services
Croatia’s Infobip to buy US OpenMarket in $300mn deal
Through the acquisition of OpenMarket, Infobip aims to create a global leader in the field of cloud communication.
Hungarian court rules against Digi in 5G tender exclusion case
Budapest Metropolitan Court ruled in favour of the authority when it rejected the application of Romanian-based telecommunication company Digi to register for participation in a 5G spectrum auction in 2019.
Orange to pay €268mn for majority stake in DT’s fixed operations in Romania
French group Orange, already a major player on Romania's telecom market, will take over Deutsche Telekom’s fixed operations in the country for €268mn.