Russia emerges as a top three fintech market

Vladimir Kozlov in Moscow December 12, 2019

Eight out of ten (82%) Russians use some sort of fintech service making it the third most developed market in the world, according to a study by Ernst & Young.

Romanian startup gets $14mn financing to help banks compete with fintech

Iulian Ernst in Bucharest December 11, 2019

FintechOS will use the fresh capital to continue its expansion across Europe, South East Asia and the US and maintain the 450% ARR recorded in 2019.

Largest IT deal of the year in Hungary falls through

Tamas Szilagyi in Budapest December 11, 2019

Hungary's 4iG has called off talks on buying the country's leading ICT company T-System, a subsidiary of Deutsche Telekom. Rumours the deal was falling through caused 4iG shares to plunge 10% before the news was confirmed.

Russian Railways teams up with RVC to launch transport tech funds

EWDN in Moscow December 9, 2019

RVC, the Russian state-owned fund of funds dedicated to innovation, and Russian Railways have teamed up to launch to two venture funds for industrial and digital investments, reports East-West Digital News.

Yaskawa Europe Robotics to expand production in Slovenia

bne IntelliNews December 9, 2019

Japanese group is expanding its business in Slovenia due to growing demand for industrial robots in Europe, Russia, the Middle East and Africa.

Estonian anti-money-laundering startup Salv secures seed funding

bne IntelliNews December 9, 2019

Salv's ambition to tackle financial crime should resonate well in Estonia and in the Baltic region, where a number of banks have been embroiled in money laundering scandals.

Hungarian competition office slaps Facebook with heavy fine

bne IntelliNews December 9, 2019

HUF1.2bn fine for misleading statements, is the biggest ever fine levied in a consumer protection case in Hungary.

Estonia’s “secret career app” MeetFrank raises funds for international expansion

bne IntelliNews December 8, 2019

Latest round of venture capital funding for startup that aims to internationalise job searches comes amid further tightening of labour markets across CEE.

Foreign investors drive Romania’s IT industry

bne IntelliNews December 5, 2019

Foreign owned companies generate three quarters of the revenues in Romania’s IT industry and drive the market up based on rising exports that account for 80% of the industry’s turnover, finds industry association ANIS.

Russian messaging services Telegram and TamTam shut down terror group channels after London Bridge attack

Ben Aris in Berlin December 4, 2019

The Russian TamTam messaging service got caught up in the London Bridge terror attack after Islamic State used the little known service to claim responsibility for the attack that claimed the lives of two Londoners.

Amazon to open pan-European e-commerce logistics centre in Poland

bne IntelliNews December 3, 2019

International online retail giant Amazon is preparing to open a 210,000 sqm e-commerce logistics centre serving the whole European market in Gliwice, southern Poland, revealed industrial real estate company Panattoni, which built the facility.

Major Romanian cable operator RCS&RDS to purchase key rival

bne IntelliNews December 2, 2019

RCS&RDS will start by using the Digital Cable Systems and AKTA Telecom networks, with the assets to be purchased later.

Number of Czech online banking users up by 266% in the last ten years

Nelly Tomchikova in Prague November 27, 2019

The number of Czech online banking users has soared by 266% compared to 2009, from 1.5mn, according to the Czech Statistics Office ́s (CSO) presentation from November 26. In the last five years, their number has increased by 1.8mn to 5.5mn, out of wh

Croatia’s state-owned APIS IT opens €50mn shared service centre

bne IntelliNews November 25, 2019

New service centre to provide unified platform for the operation of all government bodies as Zagreb seeks to take more state services online.

Fintech services adopted by 82% of Russians

bne IntelliNews November 21, 2019

Russia is in the global top 3 in terms of fintech services penetration, with 82% of Russians regularly using fintech solutions in 2019

Iran claims victory over unrest, so why’s it not making good on promise to reconnect internet?

bne IntelliNews November 21, 2019

UN official says: "Fundamentally, I don't think we’ve a very good sense of what's happening on the ground right now."

Russian retailer Dixy to launch online sales with Sberbank

bne IntelliNews November 20, 2019

One of the largest Russian retailers Dixy Group will launch online grocery sales of its format Viktoria in 1H120, the CEO of the group Igor Pletnev told Vedomosti daily. Pletnev did not specify which is the marketplace the sales will be hosted on

When protests subside internet will return says Iran’s government

bne IntelliNews November 19, 2019

Amid online blackout, death tolls as high as 200 suggested. UN alarmed at alleged use of live ammunition. State broadcaster praises web disconnection for denying foreign media content for stirring up anti-regime sentiment.

Russia’s Sberbank moves to acquire another stake in internet major

bne IntelliNews November 19, 2019

Russia’s largest bank and tech giant wannabe Sberbank followed up on previous announcements and signed a non-binding agreement to acquire stakes in holding companies that have shares in

Slovak ministry to subsidise the purchase of electric cars

Nelly Tomchikova in Prague November 19, 2019

The Slovakian Ministry of Economy has announced a subsidy scheme to promote the purchase of electric vehicles and increase their number on Slovakian roads next year.