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.

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…

How a Bulgarian scheme scammed Spotify for $1M

A scamming operation in Bulgaria managed to grab away as much as $1 million in royalties out of Spotify last year, according to sources mentioned in a report . The Bulgarian entity, which hasn’t been identified, pulled off the feat reportedly by…

WooCommerce and Success go Hand in Hand

Seven years after its release, WooCommerce continues to gain unprecedented popularity. Even with dedicated store builders like Shopify and BigCommerce, the powerful eCommerce WordPress plugin has the lion share of the market, powering nearly 20% of all online stores. It…

Experience the United States as a YTILI Fellow

Launched in 2016, the Young Transatlantic Innovative Leaders Initiative Fellowship is the flagship program of the Young Transatlantic Innovation Leaders Initiative (YTILI) of the U.S. Department of State and is supported in its implementation by The German Marshall Fund of…

Ethereum Mining Rig, not worth it anymore!

A couple of months ago, building an Ethereum mining rig was quite an active sports in the Balkan region, however, building one in the recent months hasn’t been worth it and soon they will be completely obsolete. An Etherum mining…

Slovenian and Macedonian telecoms regulators sign cooperation agreement

Slovenia’s Agency for Communication Networks and Services (Akos) has signed a memorandum of cooperation with the Macedonian Audiovisual and Audiovisual Media Services Agency (AVMU). The regulators have thus committed themselves to regularly exchanging publicly available data on their activities and…

Bulgarian government sized Bitcoin now worth over $3 billion dollars

A crackdown on organized crime by Bulgarian law enforcement in May resulted in the seizure of more than 200,000 bitcoins – an amount worth more than $3 billion at today’s prices. ConiDesk reported that back in May, government officials seized…