Russia develops a major face-recognition scheme

Vladimir Kozlov in Moscow June 25, 2019

Russia is working on a large-scale face-recognition scheme that could provide a useful tool for law enforcers and a large order for its tech partner, NtechLab. Meanwhile, the segment's other local companies are also working on similar solutions.

Russia’s TON blockchain in testing phase

Vladimir Kozlov in Moscow June 24, 2019

Telegram Open Network (TON), one of the most highly anticipated projects in the blockchain world, is gaining momentum and is now in beta testing mode.

Russia's X5 retailer to launch online pharmaceutical marketplace

bne IntelliNews June 20, 2019

Russia's leading retailer X5 Group and Santens Service Group will set up an online pharmaceutical marketplace on the basis of online store, the companies announced.

Romanian smartphone producer iHunt announces IPO plans

Iulian Ernst in Bucharest June 19, 2019

The company will use the money attracted to develop its electronic product range under the iHunt brand. It is also preparing to enter foreign markets this year.

Russian mobile major MTS eyes Gett taxi service

bne IntelliNews June 18, 2019

One of Russia's "big four" mobile operators Mobile TeleSystems (MTS) is in talk to acquire a stake in mobile taxi ordering service Gett in Russia, Kommersant daily reported cited unnamed sources.

Russia's internet major launches own voice assistant

bne IntelliNews June 17, 2019

Russian internet major launched its voice assistant Marusya in test mode, Vedomosti daily reported citing unnamed sources.

TEHRAN BLOG: Iran did it because Mad Uncle Donald says so

bne IntelliNews June 14, 2019

Trump, seen by the Iranians as not even fit to run a chip shop, points his gnarled finger at the Islamic Republic following the tanker attacks.

Hungarian startup to revolutionise parking

Levente Szilagyi in Budapest June 13, 2019

With drive-through payment app Rollet, motorists can seamlessly enter and exit a garage as payments are automatically handled behind the scenes.

Naspers’ PayU buys hotly tipped Turkish fintech company iyzico

bne IntelliNews June 12, 2019

Sees huge growth opportunity for online payments. e-commerce in Turkey growing stably at over 10% each year, but still in infancy.

Russia's Sberbank to acquire 25% in Muslim charity platform PayZakat

bne IntelliNews June 11, 2019

Russia's largest bank state-controlled Sberbank will acquire 25% of PayZakat platform that collects charity for Muslims in need

KAZAKHSTAN PROTESTS: 'Spetsnaz special forces' units round up election observers at arena

bne IntelliNews June 11, 2019

‘Fake presidential poll’ demonstrations continue over June 10-11 as shoo-in Tokayev officially wins office as Nazarbayev’s successor.

Bulgaria, Czechia and Slovenia picked to host European supercomputing centres

bne IntelliNews June 9, 2019

Aim is to make Europe a top supercomputing power globally through €840mn project.

Growth of Russia's pirate content traffic declines again in 2018

bne IntelliNews June 9, 2019

Piracy is actively being rooted out in Russia, the second biggest consumer of digital pirated content in the world.

German DEG and Da Vinci Capital invest in DataArt

bne IntelliNews June 6, 2019

German development finance institution DEG announced in June it provided equity funding to DataArt, a leading global developer of complex IT solutions

Russian medical insurance startup attracts $3mn for international expansion

EWDN in Moscow June 6, 2019

Russian medical insurance startup attracts $3mn for international expansion

Hungarian red tape pushes online payment company to mull moving HQ abroad

bne IntelliNews June 6, 2019

Barion says it's considering moving its headquarters to another country in Europe because the local regulatory environment puts it at a competitive disadvantage.

Government submits bill to take over Hungarian Academy of Sciences' research network

bne IntelliNews June 6, 2019

Budapest wants to relocate the network of research institutions to a government-run body, but critics say the bill may violate Hungary's Constitution.

Czech startup sold to US fund General Atlantic

bne IntelliNews June 6, 2019

The Brno-based startup sold a 51% stake to General Atlantic for a reported €116mn.

FACC invests €30mn in high tech composite plant in Croatia

bne IntelliNews June 4, 2019

Jakovlje picked by aerospace technology company after a “highly competitive” site selection process, based on proximity to FACC’s Austrian facilities and its "highly trained, technically skilled workforce".

German Varengold Bank buys 20% stake in Bulgarian P2P lending platform Klear

bne IntelliNews June 3, 2019

Varengold, which launched in Bulgaria last year, says it wants to be part of "fundamental change on the market" as it scoops up Klear in its first Southeast European fintech acquisition.