Southeast Europe / Tech

Bonds of Romanian online retailer Elefant plunge on weak H1 results

bne IntelliNews October 5, 2022

The financial results came against the background of the decrease in the purchasing power of customers and the change in consumer preferences from online to physical bookstores.

Serbia’s Dimitrovgrad to build cross-border IT industrial park with Bulgaria

bne IntelliNews October 4, 2022

Serbian municipality to offer plots of land to IT companies as Serbia seeks to boost its tech sector.

Albania signs $6mn satellite deal to fight drugs and crime

bne IntelliNews September 30, 2022

Tirana agrees with US-based Satellogic USA Inc. to develop a dedicated satellite constellation that will enable satellite monitoring of the country’s territory.

French Alten takes over Romanian tech firm Qualitance

bne IntelliNews September 29, 2022

Deal will help Alten strengthen its presence in Romania and the broader Central and Eastern Europe region.

Serbia’s video game industry generated revenues of €125mn in 2021

bne IntelliNews September 23, 2022

Serbia is an emerging high-tech hub that is especially strong in blockchain and game development.

Head of North Macedonia’s e-commerce platform Grouper joins Serbia’s Ananas, fuelling takeover rumours

Valentina Dimitrievska in Skopje September 18, 2022

Grouper was set up as a startup by North Macedonia’s ex-finance minister Nina Angelovska in 2011.

France's 52 Entertainment buys Bulgarian gaming developer Casualino

bne IntelliNews September 18, 2022

French e-gaming company 52 Entertainment aims to improve its regional capabilities in board and card games.

Romania expects €200mn from 5G licenses in 2022

bne IntelliNews September 15, 2022

Bucharest sweetened terms for telcos building 5G networks in Romania, but companies will no longer get preferential electricity prices.

US-Bulgarian Alcatraz AI raises $25mn in Series A funding

bne IntelliNews September 15, 2022

Alcatraz AI has raised nearly $50mn in total to develop its autonomous access control system using 3D facial authentication and artificial intelligence.

Romania's MedLife buys up health-tech company SanoPass

bne IntelliNews September 13, 2022

Fast-growing private medical services provider MedLife enters the wellness segment with acquisitions of SanoPass and Sweat Concept One gyms.

Renault production halted at Turkey plant on chip shortages

Akin Nazli in Belgrade September 12, 2022

Country’s automakers have suffered output disruptions caused by global lack of semiconductors for more than a year and a half.

Turkey takes top spot for most expensive iPhones in the world

Akin Nazli in Belgrade September 11, 2022

Country leapfrogs Brazil with the launch of the iPhone 14 models, with the Erdogan administration’s indirect taxes meaning the consumer must pay at least $1,700 for one of the latest-generation smartphones.

Croatia’s Span opens cyber security centre in Zagreb

bne IntelliNews September 6, 2022

CEO Nikola Dujmovic says cyber security "has never been more important" as Span launches centre in cooperation with Israeli Cybergym.

HTEC Group acquires Bosnia’s Mistral to build up engineering base in Southeast Europe

bne IntelliNews September 2, 2022

Serbia-born HTEC Group now has over 2,000 professionals at development centres across Southeast Europe.

FBI to help Montenegro deal with cyber attacks

bne IntelliNews August 31, 2022

Montenegro’s national security agency warns cyber attacks linked to Russia will get worse.

‘Bark Map’ social media app causes outcry in Turkey after spike in number of poisoned street dogs

bne IntelIiNews August 24, 2022

Same people behind platform previously targeted street cats, activists claim.

Twitter suspends Serbian diplomatic accounts

bne IntelliNews August 24, 2022

It's not known why Twitter suspended the accounts of several Serbian embassies, though it follows a significant rise in tensions between Serbia and Kosovo.

Catalyst Romania backs e-store evoMAG to fund expansion

bne IntelliNews August 18, 2022

evoMAG raises its first major funding in 17 years as it pursues expansion in Romania and abroad.

Romania’s SeedBlink crowdfunding platform acquires Dutch peer

bne IntelliNews August 17, 2022

Deal to accelerate SeedBlink's coverage as a pan-European player, broadening its geographic footprint in CEE and Benelux.

e-commerce transactions in Serbia up 29% y/y in 2Q22

bne IntelliNews August 16, 2022

Online shopping has become increasingly popular in Serbia, even though the market lags behind Central and Western Europe.