The auction, which took place amid extraordinary safety measures, allocated concessions that will run until 2035 and can be expanded by another five years with unchanged conditions.
Polish residents in home quarantine must take a selfie within 20 minutes of receiving an alert or face a visit from the police.
One of Russia’s “big three” online retailers Ozon Holdings announced that it was capping the prices of essential goods that are currently in high demand to prevent manufacturers gouging customers.
As the Russian video streaming service segment is booming. The major players are securing funding and launching original content production.
The cloud service segment is growing in Russia, but some companies haven't yet realized its potential value for their business, while others might be put off by security issues.
Russian steel giant Severstal has announced it will invest RUB6.7bn ($100mn) in IT and digital projects this year, up 7% from 2019.
Playrix, a global Russian-founded gaming giant, announced on March 5 its acquisition of Armenian game studio Plexonic. The terms of the deal have not been disclosed, reports East-West Digital News (EWDN).
Leading Russian e-commerce store Ulmart has filed for bankruptcy after its owner got ensnared in legal problems that led to his arrest.
In 2019, the venture capital and private equity funding volume for Ukrainian and Ukrainian-founded tech startups reached $544mn.
Bucharest-based game developer Amber will merge with Scorpius Games, another local independent game studio in the country.
Online gross domestic retail sales continued to grow at a dynamic pace in Hungary, reaching €1.85bn in 2019, according to a survey by economic researcher GKI Digital and price comparison site Arukereso.hu.
The funds raised by Romania-based Vivre Deco, one of the largest online retailers of furniture and decorations in Central and Eastern Europe, will be used to finance the company's accelerated development strategy.
Polish software developer SoftwareHut took 33rd place amongst European companies in the Financial Times' annual list of the fastest-growing 1,000 European companies.
Russia's largest e-commerce retailer Wildberries intends to sell the produce of self-employed individuals on its platform, Kommersant daily reported on March 2. The products would include artisanal apparel, footwear, accessories, and souvenirs.
The internet giant challenged fines imposed by the Hungarian authorities for non-payment of a national tax on advertising.
As Russia’s retail and tech sectors consolidate, the leading companies are turned their gaze outwards to hunt for new technology and innovation.
BlaBlaCar, the carpooling giant born in France, has stopped offering its services in Crimea, where it had been operating since 2014. The decision aims to avoid being targeted by the EU sanctions against firms operating on the peninsula, according to