Tech
AddVenture, Target Global and Lev Leviev invest $4.5 millon in Russian medical insurance startup
A Russian medical insurance startup called BestDoctor has raised $4.5mn from major Russian investors
Slovenian cryptocurrency pioneer expands to Africa
Slovenian Eligma, creator of the GoCrypto payment platform, announces partnership with African cryptocurrency exchange Quidax.
Russian startup to bioprint KFC chicken nuggets
3D Bioprinting Solutions, a resident of the Skolkovo Foundation Biomedical Cluster, has tied up with KFC bio-print chick nuggets
Russian recruitment platform HeadHunter goes unicorn, cements $1bn valuation
Online recruitment platform HeadHunter has sealed its position as a $1bn tech company after a new multi-million dollar share deal confirmed the company’s soaring valuation, reports East-West Digital News (EWDN).
Estonia’s e-residency starts making money
Estonia's e-residency programme, which continued its strong growth even during the coronavirus emergency situation, has earned the state €41mn since its launch.
Albania has some of the least affordable internet in the world
Online security specialist Surf Shark measured how much time people need to work to be able to afford an internet connection.
Poland presents its first electric vehicle Izera
ElectroMobility Poland will produce the “reasonably-priced vehicle for an average Pole” from 2023.
Iran buys six “Caspian Sea Monster” ekranoplans from Russia
Ground effect vehicles, or GEVs, often mistaken for planes, fly using lift generated by large wings around four metres above water surface. Technology was originally trialled in 1970s by Soviets. Private investors have given it new lease of life.
Amazon to expand in Poland’s Lodz region, add 500 jobs
The Lodz investment will be the ninth logistics centre in Poland since Amazon began operating in the country in 2014.
Romania’s main cable operator gets permission to take over rival
RCS&RDS will take over three networks operated by its rival Digital Cable Systems ahead of a more complex planned takeover.
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Czech right-wing politician Tomio Okamura’s YouTube channel cancelled over violent content
Tomio Okamura's SPD was one of the main forces disseminating hatred and xenophobic content in the country in 2019, according to an interior ministry report.
Fintech sector comprises one fifth of all Latvian startups
Despite the situation with COVID-19, most of the surveyed startups are planning significant growth, and 88% plan to attract new employees in the near future, new survey shows.
Bank of Lithuania issues the world’s first digital collector coin
LBCOIN is not only the first digital coin issued by a central bank in the euro area, but also across the world.
Romanian RPA unicorn UiPath to hold IPO in 2021
The coronavirus pandemic brought this step closer, as the company’s profitability — a prerequisite for the IPO — has significantly improved, said co-founder Daniel Dines.
Online piracy on the rise again in Russia in lockdown
Pirated content was axed by 25% in 2019. However, as the coronavirus lockdown increased the demand for online entertainment, a new wave of pirated content aggregators emerged.
Hungarian mixed reality pioneer receives €2.1mn venture capital financing
Budapest-based AerinX provides a mixed reality (MR) system for streamlined aircraft inspections.
Russian mobile major MegaFon to roll out $1bn Arctic network
MegaFon to work with state geology agency RosGeologya on the first Arctic high-speed fibre cable that will be used for international traffic as well as connecting domestic Far East regions.
Poland’s online retail giant Allegro reportedly to go public in September
The potential IPO could be worth $2.3bn-3bn, which would put Allegro’s valuation at around $11bn, making it the biggest IPO on the WSE since the 2010 debut of state-controlled insurance company PZU.
NBU approves strategy for fintech development
Ukrainian central bank aims to promote innovation, progress towards a cashless economy and better financial literacy among consumers and businesses.
Privileges for Russia's IT industry could lead to higher software prices
Tax privileges, recently extended by the Russian government to the local IT sector are likely to result in higher software prices as authorities aim to pass their costs onto IT product customers.