Southeast Europe / Tech

German investor plans e-vehicle battery factory in western Romania

bne IntelliNews February 20, 2020

Draxlmaier plans to build the first battery factory for electric cars in Romania, where several other German auto-components producers are also planning investments.

AI investments in Romania forecast to double from current robust level

Iulian Ernst in Bucharest February 19, 2020

Significant investments in Romanian AI start-ups TypingDNA and Fintech OS in the final quarter of last year placed Romania among the leading countries in Eastern Europe.

Turkey ‘dicing with lira nightmare part II’

bne IntelliNews February 18, 2020

Chatham House analyst warns Erdogan administration has built “quick turnaround on vast amounts of cheap credit”, generating “a rapid growth spurt akin to a modestly able professional sprinter injected with steroids”.

Turkish rapid delivery groceries start-up Getir ‘in talks to raise additional $100mn in funding’

Akin Nazli in Belgrade February 10, 2020

Company plans to expand to UK, South America. Co-founder of Russia's leading internet company Yandex, Arkady Volozh, has invested personal funds in the enterprise.

Online sales up 22% y/y in Romania last year

bne IntelliNews February 10, 2020