Page 17 - bne_newspaper_June_01_2018

Eastern Europe
June 1, 2018 www.intellinews.com I Page 17
bne:Tech
May, 2018 www.intellinews.com @bneintellinews
Avast to enter London bourse in bid to raise up to $1bn Jaroslav Hroch in Prague
Avast, which owns the popular consumer antivirus company AVG, will apply to list its shares on the London Stock Exchange in the hope of raising $200mn (CZK4.1bn) in primary proceeds from an IPO, the Czech-founded company announced on April 12.
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St Petersburg's start-up scene flourishes on high talent and low costs
Contents
Avast to enter London bourse
in bid to raise up to $1bn 1 Avast to enter London bourse in bid to raise up to $1bn 2 St Petersburg's start-up scene
flourishes on high talent and low costs 3 Romania entrepreneur aims to put home-grown UAV defence technology industry on the map 6
FinTech
Russia's mobile major MTS increases stake in Ozon to 16.7% 9
Blockchain
Romanian startups at the heart
of blockchain energy trading rally 10
Central Europe
Russian-Lithuanian startup Gosu.ai
raises $1.9mn from Russian and
French investors 13
Eurasia
Iran hit by cyber attack that left US
flag on screens 14 Iranian government set to block hugely popular Telegram messaging app 15 Iran's black market phone disconnection drive pushes up legal mobile imports 15
Eastern Europe
Internet catches up with TV on Russian
ad market 17 Sales of connected appliances jump
in Russia 17 Russia's HeadHunter Group seeks
to raise $250mn with NASDAQ IPO 18 Russia ranks second in the world
for digital piracy 18 Russian messaging service Telegram raised another $850mn with ICO 19
Southeast Europe
Russia's HeadHunter Group seeks
to raise $250mn with NASDAQ IPO 20
The Regions This Month 21
Filip Brokes in St Petersburg
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that he offered Groysman to file a request for the minister's resignation to the nation's parliament, the Verkhovna Rada. "I [have] reached the limit in looking for compromises [with the PM]," the letter reads.
Ukrainian media and financial experts provide cautious comments on the conflict mainly due to the fact that infighting among the nation's politicians and government officials is common.
"As a technocratic finance minister who has striven to maintain strong fiscal discipline, Danylyuk has earned the disfavour of both Groysman and Poroshenko, who are tempted to raise fiscal outlays ahead of the 2019 elections," Alexander Paraschiy at Kyiv-based brokerage Concorde Capital believes. "Therefore, we see his replacement for more loyal figure as possible, but only after Ukraine gains the next IMF tranche."
The analyst added that from the economic side, the key risk in replacing the finance minister is the widening of public spending and the budget deficit, which may add inflationary pressure and result in monetary policy hardening by the central bank in late 2018. "In turn, this may further
limit economic growth in subsequent years and aggravate Ukraine’s sovereign debt risks."
Recently, dt.ua news outlet reported that Groysman is considering replacement of the minister by Nina Yuzhanina, head of parliamen- tary committee on fiscal policy and a close associate of Poroshenko. Yuzhanina is well- known for drafting an alternative tax reform in 2015, which was heavily criticised by the IMF.