Southeast Europe / Tech

Romania’s software industry turnover set to rise by 11% in 2020

bne IntelliNews December 3, 2021

Turnover of the sector is expected to reach a new all-time high of over €9.2bn this year, according to economic data processing platform KeysFin.

IPO of Bulgarian cargo drone producer strongly oversubscribed

bne IntelliNews December 2, 2021

Dronamics' Black Swan can carry 350 kg of cargo 2,500 km at a cost up to 80% lower than any existing aircraft.

Croatia’s Konzum starts accepting cryptocurrency payments

bne IntelliNews December 1, 2021

Supermarket chain to accept payments in nine cryptocurrencies in project with local fintech Electrocoin.

4iG buys Digi's Hungarian telco assets for €625mn

bne IntelliNews December 1, 2021

The strategic partnership could create one of the leading telecommunications holding companies in the CEE region.

Albanians and Montenegrins the least likely to shop online in Europe

bne IntelliNews November 30, 2021

Internet use and e-commerce are increasing in the Western Balkans but residents of the region are still less likely than their counterparts in the EU to make online purchases.

Bulgaria's Payhawk valued at $570mn after CEE region’s second largest series B funding ever

Denitsa Koseva in Sofia November 23, 2021

Payhawk raised $112mn in a series B financing round led by San Francisco-based investor Greenoaks.

Serbia-founded HTEC Group acquires Silicon Valley's Momentum Design Lab

Eldar Dizdarevic in Sarajevo November 22, 2021

Launched at the University of Belgrade's startup incubator in 2008, HTEC now employs 1,000 people globally.

Seed-scattering drones replant fire-damaged forests in Croatia

bne IntelliNews November 18, 2021

Summer fires in Croatia often hit areas that are hard to reach overground.

Rio Tinto says “actively pursuing” plans to build battery gigafactory in Serbia

bne IntelliNews November 17, 2021

Rio Tinto's $2.4bn Jadar lithium-borates project in Serbia has the potential to position the company as the largest source of lithium supply in Europe for at least the next 15 years.

NEMETHY: Is bitcoin the new gold?

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors November 15, 2021

Much has been written about how bitcoin has taken lustre and market share from gold over the past decade. But has the death of gold been much exaggerated?

Bulgarian software company Melon signs strategic deal with Kosovo’s Frakton

bne IntelliNews November 10, 2021

Bulgaria-based software development services company Melon signs strategic investment deal with Frakton as part of its expansion in the Southeast Europe region.

Albania to use satellites and drones to fight drug cultivation

bne IntelliNews November 10, 2021

Satellites will also provide information on illegal construction and environmental pollution.

Romanian micro-financing platform Instant Factoring expands in Serbia

bne IntelliNews November 8, 2021

Romanian fintech says the potential of the Serbian market, as revealed by the growing amount of outstanding invoices and late payments, is increasing.

Txt spk and WhatsApp putting the Albanian language in danger, PM says

bne IntelliNews November 7, 2021

PM Edi Rama tells students that misuse of the Albanian language in mobile communications puts it at risk.

Banca Transilvania to create digital banking hub with Idea::Bank acquisition

bne IntelliNews November 3, 2021

Idea::Bank is the third bank purchased by Banca Transilvania, after Bancpost and Volksbank Romania.

Croatia’s Infobip acquires US-based Peerless Network, secures $500mn funding

bne IntelliNews November 2, 2021

Croatian IT champion Infobip makes fourth acquisition in less than a year, extending its presence in the US.

Bulgarian flexi-work tech company OfficeRnD raises $10mn

bne IntelliNews October 28, 2021

OfficeRnD raises $10mn in funding round led by US Runa Capital to develop its products, build new partnerships and expand its global footprint.

eMAG Ventures invests in Romanian refurbished phones marketplace

bne IntelliNews October 28, 2021

Investment fund created by eMAG, Romania's largest online retailer, backs refurbished phones marketplace in debut deal.

Slovenia’s BuWizz creates world's fastest app-controlled Lego car

bne IntelliNews October 27, 2021

BuWizz created a 1:8 scale model of the €1.8mn Spania GTA Spano hypercar out of Lego.

Cryptocurrency champion Slovenia prepares to adopt law to tax sector

bne IntelliNews October 26, 2021

Cryptocurrency circulation is estimated at tens of thousands of euros in Slovenia, where hundreds of shops and other venues now accept payment in Bitcoin.