Tech
Lithuania passes e-residency legislation to boost investment
Follows the trail blazed by nearby Estonia which has operated an e-residency system since 2014.
Hungarian and Czech super laser facilities to form consortium
Super laser research facilities in the two CEE countries will form a European Research Infrastructure Consortium (ERIC), which is expected to start operating in January 2020.
Russian Yandex.Taxi snaps up Vezet assets from rival Mail.ru
The deal, if completed, would be a major blow to Mail.ru, which has been trying to compete in Russia's fast-growing taxi and digital mobility solutions market.
Four bidders expected for Kosovo’s Ipko
The planned sale of Telekom Slovenije’s Kosovan subsidiary Ipko is the latest move towards consolidation in the Balkan telecoms sector, Fitch Solutions writes.
Russian internet giant Yandex launches a beta version of its food retail app Supercheck
Online retail is growing in leaps and bounds even if traditional retail is in the doldrums on the back of six years of real income wage increase stagnation.
4iG clinches mega deal to buy Magyar Telekom's IT subsidiary T-System
With the acquisition of Hungary’s leading ICT company, the company owned by businessmen close to the government gained control of yet another company operating in a strategic sector.
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Sberbank and Yandex e-commerce JV may end in divorce after only one year
It was supposed to be Russia’s e-commerce powerhouse, but the tie up between state-owned retail banking behemoth Sberbank and tech giant Yandex looks like it will end in divorce.
Huawei pledges up to €705mn in Polish investments
The pledge appears to have come to ease the tension between Huawei and the Polish government after an employee of the company and a former Polish security official were arrested earlier this year on espionage charges.
iHunt shares to start trading on Bucharest stock exchange on July 9
Shares in Chinese mobile phones importer iHunt will start trading on the alternative trading system of the Bucharest Stock Exchange (BVB) on July 9, following the company’s IPO, the BVB said in a statement.
Hungary’s largest online booking site acquires Czech peer
Hungarian booking website Szallas.hu acquired Czech-based Hotel.cz group to enter its fifth market outside of Hungary in line with its growth strategy.
Hungarian government tightens grip on Hungarian Academy of Sciences
Lawmakers approved a controversial bill to take over the research network of the Hungarian Academy of Sciences and place it under a government-run body, in yet another blow to academic freedom.
EBRD and Swedbank’s Lithuanian branch team up to help fintech development
Hub to promote fintech and tech-centric innovation and contribute to Lithuania’s goal of becoming a leading regional fintech centre in Europe, EBRD says.
Two Romanian telcos launch 5G services ahead of auction for dedicated bands
Vodafone Romania and local RCS & RDS to target major cities and seaside resorts with early rollout of 5G services using their existing frequency bands.
Russian online media major Rambler considers IPO
Russian online media major Rambler controlled by Alexander Mamut is considering holding an IPO, RBC business daily reported citing the head of the company Raphael Abramyan, who sees the company listed in two-three years.
Russia develops a major face-recognition scheme
Russia is working on a large-scale face-recognition scheme that could provide a useful tool for law enforcers and a large order for its tech partner, NtechLab. Meanwhile, the segment's other local companies are also working on similar solutions.
Russia’s TON blockchain in testing phase
Telegram Open Network (TON), one of the most highly anticipated projects in the blockchain world, is gaining momentum and is now in beta testing mode.
Russia's X5 retailer to launch online pharmaceutical marketplace
Russia's leading retailer X5 Group and Santens Service Group will set up an online pharmaceutical marketplace on the basis of Perekrestok.ru online store, the companies announced.
Romanian smartphone producer iHunt announces IPO plans
The company will use the money attracted to develop its electronic product range under the iHunt brand. It is also preparing to enter foreign markets this year.
Russian mobile major MTS eyes Gett taxi service
One of Russia's "big four" mobile operators Mobile TeleSystems (MTS) is in talk to acquire a stake in mobile taxi ordering service Gett in Russia, Kommersant daily reported cited unnamed sources.