Tech
Konzum launches Croatia's first automated supermarket
Konzum’s store is one of a growing number of entirely cashierless shops in Europe as international retailers explore the potential of AI technology.
Top IT company IBS Group is the heart of Russia's digital transformation now
IBS Group is best known as the leading provider of IT solutions for Russian businesses and regional governments. Since the war in Ukraine started its importance as a source of software has spiked.
Erdogan asks Musk for Tesla gigafactory during meeting in New York
Also offers entrepreneur cooperation in artificial intelligence and Starlink satellite internet services.
Slovenia reports strong growth in ICT sector
Enterprises in the sector generated €742mn more net turnover and €216mn more value added year on year in 2022.
Romanian startup Druid raises $30mn in series B round
Funding to help Druid accelerate its international expansion, particularly in the US market.
Fortunes of Turkey’s rapid grocery delivery firm Getir plummet
Startup that became a big hit during the pandemic reportedly now worth quarter of $12bn it was valued at 18 months ago.
Samsung SDI to invest €58mn in R&D project in Hungary
Project will be the biggest R&D investment in Hungary to date, as country strives to become a global hub for EV battery production.
Croatian firms launch NFT 'crypto pigs' platform to boost pork industry
Investors can buy "crypto pigs" in the form of NFTs through the GoAgro platform, launched to support Croatia's struggling pork industry.
Hungarian competition office inspectors raid Budapest office of Booking.com
Probe launched into debts owed to Hungarian tourism accommodation operators that Booking.com blamed on a change of accounting and bookkeeping software.
Moldovan P2P lending platform Fagura to expand to Romania
Moldovan fintech breaks into the EU market with expansion into neighbouring Romania.
Iran's Internet censorship spurs lucrative VPN market, estimated at up to $600mn
High VPN usage in Iran, where officials claim a preference for domestic online platforms, reveals widespread efforts to bypass strict censorship laws, resulting in a substantial market and growing concerns amid government crackdowns.
Iranian ride-sharing group refuses to pay off cyber hackers after massive data breach
Tapsi has confirmed that hackers stole the data of 27 million users, in what is potentially the largest hack to date of any major Iranian tech firm.
Kyrgyzstan moves to ban TikTok over child welfare concerns
Officials say young minds are susceptible to addiction and dangerous behaviours encouraged by the app.
Binance crypt exchange considers Russian exit
Binance is re-evaluating its Russian business with an option of full withdrawal, the Wall Street Journal reported citing the representatives of the world’s largest cryptocurrency exchange.
EBRD to support rural fibreoptic network construction in Serbia
Development bank aims to connect remote and underserved regions of Serbia.
Anglo-Turkish fintech Colendi launching Turkey’s first digital deposit bank
Firm has acquired e-money, asset management, capital market and insurance brokerage licences over past 24 months.
Bulgaria’s competition watchdog allows sale of mobile towers to Saudi company Tawal
Tawal's acquisition of TowerCo is the company's first investment in the European telecoms sector.
Observation satellite operator Planet Labs buys Slovenia’s Sinergise
Sinergise brings its Sentinel Hub, a sophisticated, API-driven cloud streaming platform, to the deal with Planet Labs.
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Russian tech titan Yandex CEO Volozh slams Putin’s "barbaric" war in Ukraine
Arkady Volozh, the former CEO of Russia’s internet giant Yandex, issued a statement on August 10 that slams Putin’s “barbaric” war in Ukraine, a statement that will almost certainly see him lose control of any assets he has left in Russia.
Romania allows Lenovo to participate in 5G network infrastructure
Lenovo given permission by top officials despite law restricting role of Chinese companies in Romanian telecoms sector.