Russia's Ozon online retailer launches express delivery

bne IntelliNews October 18, 2019

Russian e-commerce major Ozon launched a new express delivery “Supermarket” service that will deliver food and grocery in under 40-60 minutes in some Moscow districts, Vedomosti daily reported on October 17 citing the representatives of the company.

Extreme Digital, eMAG merger cleared

bne IntelliNews October 18, 2019

Hungary's competition watchdog cleared the merger of Hungarian online electronics retailer Extreme Digital with eMAG, a unit of South Africa's Naspers group on October 17, creating one of the largest online retail networks in CEE

Samsung announces €1.2bn expansion of Hungarian EV battery plant

bne IntelliNews October 11, 2019

Ambitious expansion plans for the plant near Budapest will make it one of the largest in the world, as Hungary becomes a centre of EV battery production for Europe's growing electric car industry.

Russian taxi market seen growing 6% to $11bn in 2019

bne IntelliNews October 9, 2019

Expansion ahead, but the sharp growth phase that was provoked by the entry of taxi aggregators through lower prices and more passengers is waning, says a study from the Analytic Centre.

Moldova plans to extend operating licence to telco in separatist Transnistria

Iulian Ernst in Bucharest October 8, 2019

Plans to issue licence to Interdnestrkom is part of steps towards settlement of Transnistria conflict, but Chisinau-based telcos Orange Moldova and Moldcell say they should be compensated for lost business.

Hungary utility-scale solar capacity reaches 1.1GW

bne IntelliNews October 7, 2019

Hungary can rely on two energy sources, nuclear and solar energy to meet the climate goals set out in the Paris Agreement, said President Janos Ader recently.

Cashless transactions in Russia soar 30-fold from 2010 to 2018

bne IntelliNews October 3, 2019

The number of cashless transactions in Russia soared 30-fold from 5.8 to 172 on average per person between 2010 and 2018, RBC business portal and Kommersant daily reported on October 3 citing the study by the Boston Consulting Group (BCG)

GS Yuasa inaugurates EV battery plant in Hungary

Levente Szilagyi in Budapest October 2, 2019

Four South Korean e-car battery makers have chosen Hungary for their production sites, as European car manufacturers prepare to expand or replace their existing models with new fully electric or hybrid models.

Russia's Sistema_VC invests in UK start-up SenSat

bne IntelliNews October 2, 2019

The venture capital arm of Russian multi-industry investment conglomerate AFK Sistema will invest $10mn in UK infrastructure start-up SenSat

Russian internet major Yandex to develop cloud services with Korean Naver

bne IntelliNews October 2, 2019

Russian internet major Yandex together with Naver will develop cloud services in Russia and South Korea, the company announced on October 1.

Russia’s oil and gas majors generate 50 times as much in revenue as top tech companies

EWDN in Moscow October 1, 2019

A ranking of Russian companies by revenue and profit is lead by oil and gas companies with tech companies well down on the list

French carpooling giant BlaBlaCar to acquire bus ticketing platform Busfor

EWDN in Moscow October 1, 2019

BlaBlaCar, the carpooling giant born in France, aims to expand on a new market segment with the acquisition of international bus ticketing platform Busfor

Tesla hopes to open stores in Croatia, Serbia and Slovakia in early 2020

bne IntelliNews September 24, 2019

"Finally, we will do Nikola Tesla proud by having his cars in his countries of origin!" said Tesla CEO Elon Musk.

Romanian central bank launches FinTech Innovation Hub project

Iulian Ernst in Bucharest September 24, 2019

Move comes as the Payment Services Directive compels banks to open up their customer data to third party firms, giving non-banking firms the chance to compete with banks in the payments business.

Israeli software company DriveNets to set up development centre in Romania

Iulian Ernst in Bucharest September 24, 2019

Tellence, a local provider of high-tech software and engineering services, will create the centre.

Russian gaming giant Playrix invests in Belarusian Vizor

EWDN in Moscow September 23, 2019

The thriving Belarusian online gaming scene saw an important move last month with Playrix, a global Russian-founded gaming giant, investing in local leader Vizor,, reports East-West Digital News (EWDN).

Huawei initiates talks to prevent 5G ban in Romania

Iulian Ernst in Bucharest September 23, 2019

A ban on telecoms companies using Huawei's products in Romania's 5G licenses auction is seen as likely after Romania signed a memorandum on safe 5G networks with the US

More than a third of all phone calls in Russia are now made via messengers

EWDN in Moscow September 20, 2019

Instant messengers are the most popular type of smartphone apps in Russia, says a new study by Deloitte

Russian authorities bet on new equipment to enforce ban on Telegram

EWDN in Moscow September 20, 2019

In the Siberian region of Tyumen, mobile operators are about to test special equipment to enforce the authorities’ ban on Telegram. As reported by Reuters, cited by the Russian media, this equipment has been provided by Roskomnadzor.