Tech

Drone delivers STI tests at Romanian festival to “make sure happy endings are not itchy”

bne IntelliNews July 25, 2024

Festival organiser says speedy testing service to challenge taboos that still surround sex education in Romania.

Hungarian digital lender Granit Bank taps Romanian market for cross-border services

bne IntelliNews July 24, 2024

After dynamic growth in recent years, Granit Bank is making its first international move, says CEO Eva Hegedus.

“Not a takeover, but a divorce” in Russian e-commerce major Wildberries

bne IntelliNews July 24, 2024

Russia’s largest e-commerce operator Wildberries continues to be rocked by controversy surrounding a merger deal with Russ Group, the outdoor advertising operator. Now the founder Tatiana Bakalchuk is getting divorced from husband.

Trump associates looking at opportunities in North Macedonia’s tech sector

Valentina Dimitrievska in Skopje July 23, 2024

Business figures associated with US presidential candidate Donald Trump visited Skopje to explore opportunities for collaboration in digital transformation.

US firm C&N Associates plans to build Uzbekistan "smart city" costing up to $15bn

Mokhi Sultanova in Tashkent July 22, 2024

Project also aims to raise connectivity between Tashkent and Nurafshan with high-speed trains.

How the AI Boom influenced TSMC’s bottom line

Florian Zandt for Statista July 22, 2024

Ever since the rise of ChatGPT and competitors from big tech companies like Meta, Alphabet or X, generative AI has become the newest golden goose of the industry, including for Taiwan’s semiconductor manufacturing giant TSMC.

Digital wallet company Kuady opens office in Bulgaria to expand fintech IT team

bne IntelliNews July 20, 2024

Kuady seeks Bulgarian tech talent to underpin expansion in Latin America, Europe and Africa.

Russia's Kaspersky to wind down US operations

bne IntelliNews July 19, 2024

Russian cybersecurity firm Kaspersky Lab will gradually scale back its operations in the US following the recent sanctions imposed by the US Commerce Department, which ban it from selling and updating its popular antivirus software in the country.

Putin orders the regulation of crypto as country mulls embracing currencies like Bitcoin for international trade

bne IntelliNews July 19, 2024

The Russian State Duma is set to deliberate on a bill to regulate digital currencies after President Vladimir Putin highlighted the urgency of regulation for use both domestically and with other countries.

German defence and AI company Helsing set to invest in Estonia

bne IntelliNews July 19, 2024

Helsing aims to enhance defence capabilities in the Baltic region, leveraging advanced AI technologies to support and strengthen regional security.

Romanian startup .lumen raises record €1mn in single day on fundraising platform SeedBlink

bne IntelliNews July 19, 2024

.lumen has developed glasses that can do the job of a guide dog using autonomous driving technology.

Shelly debuts on Bulgarian Stock Exchange's EuroBridge dual listing segment

bne IntelliNews July 18, 2024

IoT company Shelly Group becomes first company to trade on newly launched EuroBridge.

Saudia signs agreement with Germany's Lilium to purchase up to 100 eVTOL jets

bne Gulf bureau July 18, 2024

Saudi Arabia's national carrier Saudia has signed a landmark agreement with German aviation company Lilium to purchase up to 100 electric vertical take-off and landing (eVTOL) jets.

Russia to launch government-backed dating site with automatic credit score and police record checks

bne IntelliNews July 18, 2024

A group of Russian developers is working on a new dating app called Sputnik, which requires users to pass thorough background checks for tax debts, alimony and unpaid loans before making any matches.

Yuno rides Latin America's fintech wave to global expansion

Marco Cacciati July 17, 2024

Juan Pablo Ortega, founder of leading payment orchestrator Yuno, shares insights on navigating fragmented markets, driving financial inclusion and leveraging lessons from Latin America to expand globally.

Russian tech guru Volozh to build a new AI powerhouse

Ben Aris in Berlin July 17, 2024

After two and a half years of divorce from the Russian Yandex and a fight to lift personal sanctions, the founder and former CEO of “Russia’s Google”, Arkady Volozh, is starting over again.

Polish Renters.pl buys majority stake in Bulgaria's Flat Manager

bne IntelliNews July 16, 2024

Deal is private equity backed Renters.pl's first international acquisition as it embarks on expansion in CEE.

BOFIT: China is working to develop its microchip production

Bank of Finland Institute for Economies in Transition (BOFIT) July 12, 2024

Microchips are semiconductor components used in electronic devices to perform various tasks. The most important of them are calculation and data storage. They are central to technological development, and China is pouring investment into the sector.

The rise of RuTube

Vladimir Kozlov in Cyprus July 12, 2024

For years, the Kremlin has wanted to block YouTube. However, Russian authorities have been dragging their heels, waiting for YouTube's local rivals to mature. Now that end point is approaching: the growth of “RuTube” has been slow, but steady.

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