Eastern Europe / Tech

Employees claim Bulgarian Facebook moderators controlled by Russia

Denitsa Koseva in Sofia January 24, 2023

Moscow is suspected of using multiple tools for hybrid attacks on democracy in Bulgaria, including spreading disinformation and financing political parties.

EWDN: A year in review – How Ukrainian tech resisted the war in 2022

East West Digital News in Kyiv January 22, 2023

Russia to slash AI development support

bne IntelliNews January 19, 2023

Russia will slash its support for the development of AI technologies more than 10-fold after the fallout of the military invasion of Ukraine.

Russian government offering incentives and penalties to lure back IT professionals that fled into exile

bne IntelliNews January 12, 2023

Russia’s Ministry of Digital Development in Russia is actively seeking ways to bring back IT specialists who have fled the country since war in Ukraine began.

Remittances between the EU and Ukraine expected to recover in 2023 after 10% fall in 2022

bne IntelliNews January 3, 2023

Remittances between the EU and Ukraine will expand in 2023, after declining by between 5% and 10% in 2022, according to money transfer system Tempo France.

Survey: 12% of Ukrainian startups shut down, 30% moved abroad at least partially during the war

East West Digital News in Kyiv January 2, 2023

Much has been said about the “resilience” of the Ukrainian tech sector amid the war, but what do entrepreneurs themselves say about the challenges they have faced since February 2022?

First post-invasion IPO of Russian e-scooter Whoosh raises $33mn

bne IntelliNews December 15, 2022

Russian e-scooter-sharing service Whoosh's IPO on the Moscow Exchange raised RUB2.1bn from a 10% free float.

In major Russian fintech deal TCS banking group eyes Tochka

bne IntelliNews December 15, 2022

Banking group TCS, operating Russia’s only purely online bank Tinkoff, is considering buying Tockha fintech service for SMEs and entrepreneurs for RUB20bn ($317mn), Kommersant daily reported citing unnamed banking sources.

Russian investors seek assistance in darknet to recover blocked crypto assets

Adrien Henni in Moscow for East West Digital News December 13, 2022

Service offers to release Russian investors’ assets blocked on international crypto exchanges are springing up in the darknet, reports East West Digital News.

More than 80 Ukrainian Web3 startups raise $1bn over the past four years

East West Digital News in Kyiv November 24, 2022

While Ukraine ranks third worldwide in the 2022 Global Crypto Adoption Index, Web3 startups with roots in this country have raised nearly $1bn in investments over the past four years

Slush revokes €1mn tech prize for UK start-up Immigram because founders are Russians

Anna Arutunyan November 24, 2022

The Slush 100 programme is a pitching competition for tech startups in their early stages of development but this year's winners of a €1mn prize, UK registered Immigram, was stripped of its award simply because its founders are Russian.

Luxoft opens development centre in Serbia, Yandex to follow

bne IntelliNews November 20, 2022

International IT companies that have quit the Russian market setting up in Serbia alongside Russian tech companies.