Business

Latest and greatest business news, reviews, articles and opinions from the startup ecosystem of the Balkans, with a little bit of flavor from the rest of the world.

Konica Minolta strengthens its position as a full-fledged IT service provider by acquiring Grupo Meridian

Konica Minolta Business Solutions announces the acquisition of Grupo Meridian. The Spanish company is a specialist in providing solutions for information technology, communications, technological consulting, outsourcing, IT security and software development. This makes it a perfect match for strengthening Konica…

President Erdogan says Uber is “finished” in Turkey

Turkish President Recep Tayyip Erdogan has declared during a Ramadan dinner that the ridesharing company Uber is “over” in Turkey and apparently the interior ministry has given “the order”. Uber currently runs under a license that costs much less than taxi plates (about…

Raiffeisen Bank International AG launches “Elevator Ventures”

Today, Raiffeisen Bank International AG (RBI) launched a corporate venture capital (CVC) company called “Elevator Ventures”, which will provide € 25 million in investment capital. Elevator Ventures will focus on strategic direct investments in later-stage fintechs, co-investments with partner investors…

Croatia gives new incentives to citizens for purchasing electric cars

Croatia offers new incentives to its citizens and companies for the purchase of electric vehicles (EV). Over EUR 3,3 million has been allocated for this purpose – EUR 1.62 million for citizens and EUR 1.75 million for companies. The plan…

New funding round lead by South Central Ventures for AI start-up Cognism

Cognism, a Macedonian/UK start-up, which uses artificial intelligence to generate sales leads, has closed a £2 M funding round, led by South Central Ventures, alongside Newable Private Investing, the London Co-Investment Fund, Start-up Funding Club and individual investors. The company,…

South Central Ventures invests in LittleDot, the ultimate digital parenting platform

On 19 April 2018 in Zagreb, South Central Ventures announced the latest addition to their portfolio – LittleDot. Built by Dario Simovic and Dr.Milivoj Jovancevic. LittleDot is a platform which connects parents to pediatricians and other specialists in real-time and…

EU pumping $2.6 billion into Europe’s VC funds

The European Commission and the European Investment Fund (EIF) have launched a Pan-European Venture Capital Funds-of-Funds programme (VentureEU) to boost investment in innovative start-up and scale-up companies across Europe. Europe boasts a wealth of talent, world-class researchers and skilled entrepreneurs,…

Elevator Lab Challenges: the CEE region’s largest fin-tech acceleration program

On 2 April, Raiffeisen Bank Bulgaria, the Bulgarian network bank of Raiffeisen Bank International (RBI), started the application phase for its local “Elevator Lab Challenge”. Bulgarian start-ups have now time until 17 June to apply with their ideas and solutions…

Bulgaria rising: Can a growing startup movement reinvent the country’s economy?

Facing the uncertainty of life in post-Soviet Bulgaria, 18-year-old Vladimir Davchev moved to the United States in the late 1990s to pursue his education and dreams of working in the stock market. But after several disenchanting years, he decided to…

Zuckeberg: Macedonia is a “Fake News” Source

In an interview on Thursday for The New York Times, Mark Zuckerberg shed some interesting insights into the Fake News conversation coming out of Macedonia. While discussing the scandal involving British data analytics firm Cambridge Analytica, obtaining access to more than…