Tech

Kaspi on the cusp? Assessing the significance of Kazakh fintech firm's smash stock market debut

Kanat Shaku in Almaty October 23, 2020

Since Russia’s Yandex called off a deal to acquire online bank Tinkoff, the standout IPO of Kazakhstan’s financial technology and e-commerce leader has become the benchmark-setter.

Estonia set to phase out pre-paid SIM cards, but ban could violate privacy rights

bne IntelliNews October 23, 2020

The Economics affairs ministry wants to phase out the sale of anonymous prepaid mobile SIM cards citing their widespread use for criminal activities using "burner" phones.

Innova Capital buys into Polish software house STX Next

bne IntelliNews October 22, 2020

Europe's largest software house specialising in designing and creating digital solutions in the Python programming language plans to continue growth in markets such as the UK and the US.

Value of Romanian video game industry surpasses $200mn

bne Intelliews October 21, 2020

Critical years are coming, when the local industry must prove its creative potential and produce original titles with international impact, says industry association the RGDA.

Russia's regulator to create a new digital currency

Vladimir Kozlov in Moscow October 21, 2020

The Central Bank of Russia (CBR) has announced plans to introduce "the digital ruble" as an alternative to cryptocurrencies that are banned in the country.

Russian IT companies push for tax privileges

Vladimir Kozlov in Moscow October 21, 2020

Companies from various segments of the Russian IT sector are lobbying to be included in a tax privilege scheme referred to as a "tax manoeuvre," which aims to make the sector more competitive.

Romanian cybersecurity firm Safetech to list its shares after heavily oversubscribed private placement

Iulian Ernst in Bucharest October 20, 2020

Safetech closed a private placement for 20% of its shares within 37 seconds on October 19, with investors placing orders for 8.57 times more shares than the company had on sale.

Romanian company ready to deliver robots that kill coronavirus with UV light

bne IntelliNews October 19, 2020

Modulab's robots are able to kill pathogenic microorganisms including COVID-19 using UV-C radiation.

Czech-born cyber security giant Avast opens office in Romania

bne IntelliNews October 19, 2020

Avast established its Romanian headquarters in the eastern city of Iasi, a popular destination for international tech companies.

Huawei wants Estonian government to re-evaluate communications networks regulation

Linas Jegelevicius in Vilnius October 17, 2020

Chinese telecoms giant urges Tallinn to reconsider draft regulation that would prevent it from working with local telecoms operators.

Two Latvian firms set up 5G lab in Riga

Linas Jegelevicius in Vilnius October 17, 2020

High-tech companies Latvijas Mobilais Telefons (LMT) and MikroTik have jointly established a 5G laboratory, which is already testing 5G technology solutions.

Why fintech IPO sensation Kaspi is king in Kazakhstan

Kanat Shaku in Almaty October 16, 2020

Firm runs what's fast turning into country's de facto payments system. Central Asia's large unbanked population now offers great scope for building success upon success but the potential won't go unnoticed by rivals.

Large cyberattack ‘hit Iran’s ports electronic infrastructure’

bne IntelIiNews October 16, 2020

Government bodies implement temporary online shutdowns after country says it was the target of two substantial malicious attempts to breach state information systems.

Yandex.Market lays out its strategy for the future

bne IntelliNews October 13, 2020

Russia’s leading e-commerce companies have reached critical mass and are in the process of creating a new economy that will shift much of Russia’s GDP into the cloud. Yandex.Market CEO talked about the company's plans for the future

Russia to launch self-driving tram and vessel experiments

East West Digital News in Moscow October 11, 2020

Several ministries of the Russian Federation, have backed the idea of launching experiments into driverless tram and ships

Moscow Metro to introduce facial payment technology

East West Digital News in Moscow October 11, 2020

Commuters in Moscow will soon be able to take a ride on the metro with just a turn of their heads, as the Russian capital embraces next-generation facial payment technology

Naspers, Tencent and RDIF buy Mail.Ru’s GDRs and bonds

East West Digital News in Moscow October 11, 2020

Russian sovereign wealth fund RDIF, China’s Tencent and Prosus (part of the Naspers Group), alongside other major strategic investors, have participated in Mail.Ru’s $600mn offering of global depository receipts (GDRs) and convertible bonds

Mail.Ru buying spree: My.Games invests in 3 game studios in 3 weeks

East West Digital News in Moscow October 11, 2020

My.Games Venture Capital (MGVC), an investment firm affiliated to LSE-listed Mail.ru Group, has just acquired a majority stake in Russian game publisher Deus Craft, reports Rusbase

US health and beauty online giant iHerb plans to invest $100mn in Russia

Adrien Henni in Paris for East West Digital News October 11, 2020

iHerb, one of the most successful international e-commerce companies in Russia, is planning to invest some $100mn in this country in the next two years

Facebook ‘refusing compliance with Erdogan’s social media law’

Akin Nazli in Belgrade October 8, 2020

Legislation allows regulators to remove content on platforms and demand that information on local users is stored in Turkey.

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