Romanian private equity fund Morphosis buys stake in IT startup DocProcess

bne IntelliNews September 12, 2019

Investment will allow family owned DocProcess to expand in Romania and in the wider European market.

Czech energy giant CEZ buys a stake in German solar start-up Zolar

Nelly Tomcikova in Prague September 11, 2019

CEZ executive calls Zolar the "pioneer of an innovative, decentralised model for purchasing rooftop solar systems".

Sberbank and Trafigura of Singapore make pilot blockchain transaction securing West Siberian oil sales

bne IntelliNews September 10, 2019

Pilot blockchain transaction during Russia’s Eastern Economic Forum is an early foray into a technology that is popular with Russians.

“Airbnb for boats” GetMyBoat reports surge in Southeast European business

bne IntelliNews September 9, 2019

GetMyBoat, which describes itself as the world’s largest “Airbnb (or Uber) for boats” has seen a dramatic surge in business in Central, Eastern and especially Southeast Europe this summer.

Porsche boosts stake in Croatia’s Rimac to 15.5%

bne IntelliNews September 9, 2019

Porsche is strengthening its existing partnership with Rimac Automobili after it bought a 10% stake in the Croatian electric super sports car maker last year.

German IoT company Aconno enters Croatian market

bne IntelliNews September 6, 2019

Talented IT experts and proximity to European markets drew Aconno to Croatia, despite concerns over bureaucracy, founder says.

Russia's Sberbank completes acquisition of Rambler online media group

bne IntelliNews September 3, 2019

Russia's largest bank state-controlled Sberbank announced the completion of acquisition of a 46.5% stake in Rambler Group, an online media and entertainment major, secured by approval of the antimonopoly authorities

Electronic payments used overwhelmingly in Russia; contactless payments increasingly popular

EWDN in Moscow September 3, 2019

Virtually everyone uses electronic payment means in Russia, with 91% to 96% of respondents, depending on the region, having used them at least once per year.

Russian food delivery company secures $5mn from international marketplace Joom

EWDN in Moscow September 3, 2019

iGooods, a major product delivery company in Russia, has agreed a “strategic partnership” with Joom. This Russian-founded international marketplace has disbursed 325mn rubles ($4.9mn) in exchange for a 10% stake in iGoods

Maximum Education secures $6.2mn from major Russian funds

EWDN in Moscow September 3, 2019

In late July Skolkovo Digital, a tech investment fund managed by Skolkovo Ventures and iTech Capital, led a $6.2mn Series B round in Maximum Education

US digital media company acquires Russian AI-driven content personalization technology

EWDN in Moscow September 3, 2019

US digital media company PressReader has acquired News360, a Russian-founded, California-based provider of content personalization and publisher analytics tools. The amount of the deal, announced last week, has not been disclosed, reports East-West D

Russian e-commerce market grows 26% in 1H19

bne IntelliNews September 3, 2019

Russian e-commerce market in 1H19 expanded by 26% year-on-year to RUB725bn ($11bn). The number of purchases online was 191mn in the reporting period, up by record-high 44%.

Slovenia’s Eligma receives €4mn investment from and Pangea Blockchain Fund

bne IntelliNews September 2, 2019

Investment to fund global expansion for Eligma, which aims to make cryptocurrencies part of daily life and shopping.

Czechs show their back to Europeans in e-commerce via mobiles, according to JP Morgan

bne IntelliNews September 2, 2019

The Czech Republic is most perspective European country for the development of e-commerce among the frequent users of mobile phones for online shopping, according to a study by US bank JP Morgan. Czechs make half their purchases using a phone

Austria’s S&T takes over Moldovan IT company Bass Systems

Iulian Ernst in Bucharest September 2, 2019

Bass Systems won large contracts with the state during the Democratic Party's rule that abruptly came to an end in June.

Czech hospitality start-up raises $33mn in funding

Nelly Tomchikova in Prague August 30, 2019

Battery Ventures’ Series B investment pushed hotel reservation management platform Mews’ value up over $200mn.

Telegram messenger could test crypto platform in September

bne IntelliNews August 28, 2019

Telegram messenger of Russian self-exiled digital entrepreneur Pavel Durov could start testing its blockchain network TON (Telegram Open Network) on September 1, Vedomosti daily reported on August 28 citing unnamed investors in TON.

Chinese online retailer Joom buys into Russia's iGooods delivery service

bne IntelliNews August 27, 2019

iGooods is the largest Russian delivery service for groceries from food retailers, servicing such chains as Lenta, Karusel, Magnit, Globus, and Metro Cash & Carry.

Lithuania top ranked CEE economy on digital quality of life index

bne IntelliNews August 26, 2019

Lithuania performed especially well on cybersecurity, though it was only ranked in 23rd place overall on the index from Surfshark. In general, the CEE economies ranked were clustered around the middle of the index.

Google, Mozilla and Apple block Kazakhstan “trust” certificate that spies on citizens’ internet use

bne IntelliNews August 23, 2019

Internet giants move against security measure introduced following election protests that severely embarrassed new president.