Slovenian start-up Fit&Beat secures $25mn investment from GEM Digital

bne IntelliNews October 5, 2022

Fit&Beat uses blockchain technology paired with virtual and augmented reality solutions to reward people for getting fit.

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.

VB Partners buys Petrovax

Theo Normanton in London October 3, 2022

Interros will divest 100% of its stake in biopharmaceuticals company Petrovax, according to a statement by the company.

Kazakhstan: President pins week-long cyberattacks on foreign-based plotters

Eurasianet October 3, 2022

Tokayev says their intention is to derail his political reform agenda.

Hungary's 4iG signs new deal to acquire Israel's Spacecom

Tamas Csonka in Budapest September 30, 2022

4iG allowed to acquire a 20% stake in satellite company as a "first step" and three years later take majority control if Israeli communications ministry approves.

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.

Regime’s response to Iran protests strands digital economy in social media ‘desert’

bne IntelIiNews September 29, 2022

Cutting off Instagram has put around 400,000 businesses “at risk of annihilation”, says analyst.

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.

US venture firm launches new fund with exclusive Ukrainian focus

East West Digital News in Kyiv September 25, 2022

Earlier this month ffVC, an international VC firm comprised of several funds in the US and Europe, announced the launch of a new fund exclusively dedicated to Ukrainian founders and startups.

Top Russian e-scooter service aims to raise $167mn on Moscow Exchange

East West Digital News in Moscow September 25, 2022

Russian kick-sharing service Whoosh intends to go public on the Moscow Exchange this or next year.

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.