Bulgarian competition body allows UAE’s Etisalat by e& to buy PPF telecom assets

bne IntelliNews February 19, 2024

CPC allows Middle Eastern investor to acquire indirect control of mobile operator Yettel Bulgaria and telecoms infrastructure provider Cetin Bulgaria from Czech PPF Group.

GlycanAge's pursuit of longevity boosted by $4.2mn seed funding

bne IntelliNews February 19, 2024

GlycanAge will use the funds to scale its business that lets users learn their biological age, as well as diversifying into the broader diagnostics market.

UK government to pay TikTok stars to tell Albanians to stay away

bne IntelliNews February 15, 2024

Leaked proposal shows London to pay money to social media influencers in Albania and other countries with high levels of illegal migration.

Russian internet major VK buys 70% in Many Apps developer

bne IntelliNews February 13, 2024

Russian state-controlled internet major VK (former bought 70% in the Many Apps (Mnogo Prilozheniy) developer, which was among other projects one of the developers of the RuStore mobile app shop, according to Vedomosti daily.

Kosovo’s incumbent telco promises 5G services after massive investments this year

bne IntelliNews February 9, 2024

Telecom of Kosovo will start delivering 5G services from mid-2024, starting with the Pristina area.

Russia, Belarus to coordinate website censorship

bne IntelliNews February 7, 2024

Russia and Belarus are collaborating to establish a unified database of "extremists," according to the Belarusian ambassador in Moscow BelTA reported on February 6.

Croatian Project 3 Mobility raises €100mn in investment round

bne IntelliNews February 7, 2024

Croatian tech champions, Middle Eastern investors and international tech companies are among company's backers.

Romania to pass deepfake law after central bank chief shown hawking investment scheme

Iulian Ernst in Bucharest February 6, 2024

Internet flooded with fake videos showing prominent Romanians apparently promoting get-rich-quick schemes.

The Kremlin's creeping control over Russia's internet

bne IntelliNews February 5, 2024

Russian officials are poised to try to shut off the Virtual Private Networks (VPNs) starting in March, as the Kremlin increasingly takes control of RuNet.

Yandex N.V. leaves Russia in largest corporate exit since the start of the Ukraine war

Ben Aris in Berlin February 5, 2024

One of the longest-running corporate sagas in Russia is finally coming to an end. Yandex N.V. – the Dutch parent of Russia’s biggest internet company –announced its exit from the Russian market on February 5.

‘Amazon of the Balkans’ Ananas announces regional expansion plans

bne IntelliNews February 1, 2024

Ananas to expand into Bosnia and Montenegro this year, with plans to target Albania and Kosovo in future.

Uzbekistan’s e-commerce market leader Uzum Market the most downloaded app in 2023

Ben Aris in Berlin February 1, 2024

Uzbekistan’s Uzum Market has emerged as the top local app in the country for 2023, surpassing the likes of Telegram and Instagram with over 13.5mn downloads in the past year, the company said in a press release on February 1.

Romanian online marketplace Elefant files for insolvency

bne IntelliNews February 1, 2024

Elefant is one of the largest online retailers in Romania but its revenue plunged in 2023.

Bulgaria's Boleron seeks to raise €6mn in IPO

bne IntelliNews January 31, 2024

Digital insurance broker Boleron has scheduled its IPO on the BEAM growth market of the Bulgarian Stock Exchange for February 15.

Robots to take on labour-intensive agriculture in Serbia

Aidą Kadyrzhanova in Prague January 30, 2024

Coming Computer Engineering is set to introduce the AgAR electric robot capable of taking over a wide range of tasks.

Old video of Erdogan slamming costly space travel goes viral as president applauds first Turk in orbit

bne IntelliNews January 29, 2024

Back on Earth manipulated AI-generated footage shows Istanbul’s popular opposition mayor praising Turkish leader’s party ahead of upcoming local elections.

Russia imported $1.2bn worth of sanctioned technology in 9M23

bne IntelliNews January 26, 2024

Russia imported $1.2bn worth of sanctioned advanced microchips from US and European firms in the first nine months 2023, Bloomberg reported on January 25.

Russia sets hopes on supercomputers

Vladimir Kozlov January 25, 2024

Russian authorities hope to step up the development and manufacture of supercomputers. However, high costs and the sanctions slapped on Russia over its invasion of Ukraine make the supercomputer program a challenging enterprise.

Crypto lender Nexo sues Bulgaria for over $3bn

bne IntelliNews January 24, 2024

Nexo says charges were politically motivated, and scuppered plans for IPO and lucrative football club deal.

Actis-led consortium acquires Balkan telecom tower portfolio from Telekom Srbija

bne IntelliNews January 23, 2024

Actis says telecom towers market in the CEE and Western Balkans region is poised for significant expansion in the coming years.