bne_Tech_05_2020

Contents
bne:Tech
May 2020 www.intellinews.com @bneintellinews
Russia's IT segment looks at losses in Q2
Hit by the coronavirus (COVID-19) crisis and lockdown measures aimed at curbing the pandemic, the Russian IT segment expects losses in the April-June period, unless support measures are offered by the government.
The industry has called on to the government to enact a bailout programme for the sector in a letter addressed to the
Top stories
Russia's IT segment looks
at losses in Q2 2 Uncertain prospects for Ukraine's
IT industry 3 Russian internet guru Pavel Durov cancels the TON blockchain project 4
Leaders
Infratech investment pioneer IPM
tackles the big themes of the
coming decades 6 Uber Eats exits all but core CEE
markets 9
Investment
Azerbaijan's Neqsol Holding buys
49% in Georgian internet wholesaler Caucasus Online 11 Microsoft to invest $1bn in building Poland’s “Digital Valley” 12 Poland’s Cyfrowy Polsat media
and telecom group acquires Interia
from Bauer 12
Fintech & E-commerce
Armenia’s online trade ‘up threefold
amid pandemic’ 13 Bolt to enter Romania’s food delivery market as Uber Eats exits 14 Hungary’s online retailers
overwhelmed by upswing in new
orders 15 Russian online store Wildberries
enters Slovakia's retail market 15
Telecom
Makedonski Telekom’s net profit
down 22% y/y in 1Q20 17 MTN-Irancell 'ready to attract
expatriate investors' 17 Telco Veon ‘abandons talks on possible sale of Armenian unit to rival Ucom’ 18
NIBs 19
cabinet and the economic development ministry.
See page 2
Russia's Yandex.Taxi's IPO still on, as it struggles to stay profitable
Yandex.Taxi, the ride-hailing arm of Russian online giant Yandex, Russian Yandex.Taxi is pushing ahead with its plans to organise its highly anticipated initial public offering (IPO), while struggling to remain profitable amidst the coronavirus (COVID-19) pandemic.
See page 3