Southeast Europe / Tech

Bulgaria’s Paynetics acquires Bulgarian-UK neobank Novus

bne IntelliNews March 28, 2024

Novus users can monitor their carbon footprint and earn cashback for sustainable purchasing choices through its app.

Tirana-based Dev.al acquires Rubicon to enter financial services market

bne IntelliNews March 10, 2024

Tirana-based software development company Dev.al took over Rubicon, best known for its popular instant payment app Pago.al.

US sanctions Intellexa consortium entities in Hungary and North Macedonia for spyware development

bne IntelliNews March 6, 2024

OFAC says companies in Hungary and North Macedonia sanctioned for developing Intellexa's Predator spyware.

BMW and Romanian partner NTT Data establish IT joint venture in Cluj-Napoca

bne IntelliNews March 6, 2024

BMW says partnership will establish new hub and tackle problem of IT expert shortage.

Romania refuses to license Huawei equipment for 5G applications

bne IntelliNews March 1, 2024

Telcos in Romania can only use technology from companies approved by the government in their 5G networks.

OKX announces launch of crypto exchange in Turkey

bne IntelliNews February 27, 2024

Figures have shown Turks’ ownership of digital currencies at the highest level in the world.

GapMinder sets up €80mn VC fund with EU, EBRD among investors

bne IntelliNews February 23, 2024

Fund to target Romania and the region with focus on fintech, cybersecurity, enterprise automation and data/analytics.

Bulgarian competition body allows UAE’s Etisalat by e& to buy PPF telecom assets

bne IntelliNews February 19, 2024

CPC allows Middle Eastern investor to acquire indirect control of mobile operator Yettel Bulgaria and telecoms infrastructure provider Cetin Bulgaria from Czech PPF Group.

GlycanAge's pursuit of longevity boosted by $4.2mn seed funding

bne IntelliNews February 19, 2024

GlycanAge will use the funds to scale its business that lets users learn their biological age, as well as diversifying into the broader diagnostics market.

UK government to pay TikTok stars to tell Albanians to stay away

bne IntelliNews February 15, 2024

Leaked proposal shows London to pay money to social media influencers in Albania and other countries with high levels of illegal migration.

Kosovo’s incumbent telco promises 5G services after massive investments this year

bne IntelliNews February 9, 2024

Telecom of Kosovo will start delivering 5G services from mid-2024, starting with the Pristina area.

Croatian Project 3 Mobility raises €100mn in investment round

bne IntelliNews February 7, 2024

Croatian tech champions, Middle Eastern investors and international tech companies are among company's backers.

Romania to pass deepfake law after central bank chief shown hawking investment scheme

Iulian Ernst in Bucharest February 6, 2024

Internet flooded with fake videos showing prominent Romanians apparently promoting get-rich-quick schemes.

‘Amazon of the Balkans’ Ananas announces regional expansion plans

bne IntelliNews February 1, 2024

Ananas to expand into Bosnia and Montenegro this year, with plans to target Albania and Kosovo in future.

Romanian online marketplace Elefant files for insolvency

bne IntelliNews February 1, 2024

Elefant is one of the largest online retailers in Romania but its revenue plunged in 2023.

Bulgaria's Boleron seeks to raise €6mn in IPO

bne IntelliNews January 31, 2024

Digital insurance broker Boleron has scheduled its IPO on the BEAM growth market of the Bulgarian Stock Exchange for February 15.

Robots to take on labour-intensive agriculture in Serbia

Aidą Kadyrzhanova in Prague January 30, 2024

Coming Computer Engineering is set to introduce the AgAR electric robot capable of taking over a wide range of tasks.

Old video of Erdogan slamming costly space travel goes viral as president applauds first Turk in orbit

bne IntelliNews January 29, 2024

Back on Earth manipulated AI-generated footage shows Istanbul’s popular opposition mayor praising Turkish leader’s party ahead of upcoming local elections.

Crypto lender Nexo sues Bulgaria for over $3bn

bne IntelliNews January 24, 2024

Nexo says charges were politically motivated, and scuppered plans for IPO and lucrative football club deal.

Actis-led consortium acquires Balkan telecom tower portfolio from Telekom Srbija

bne IntelliNews January 23, 2024

Actis says telecom towers market in the CEE and Western Balkans region is poised for significant expansion in the coming years.

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