Tech
Slovenian start-up Fit&Beat secures $25mn investment from GEM Digital
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
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
Serbian municipality to offer plots of land to IT companies as Serbia seeks to boost its tech sector.
VB Partners buys Petrovax
Interros will divest 100% of its stake in biopharmaceuticals company Petrovax, according to a statement by the company.
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Kazakhstan: President pins week-long cyberattacks on foreign-based plotters
Tokayev says their intention is to derail his political reform agenda.
Hungary's 4iG signs new deal to acquire Israel's Spacecom
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
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’
Cutting off Instagram has put around 400,000 businesses “at risk of annihilation”, says analyst.
French Alten takes over Romanian tech firm Qualitance
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
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
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
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
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
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
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
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
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
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
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
CEO Nikola Dujmovic says cyber security "has never been more important" as Span launches centre in cooperation with Israeli Cybergym.
