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Romania needs to invest nearly EUR 4bln to reach IT&C targets by 2020

Romania should invest EUR 3.9 billion for attaining its IT&C targets by 2020, which include growing the coverage of its broadband, the use of e-governing services, online sales and the number of employees in the IT&C, as part of the National Strategy Digital Agenda for Romania, published by the Ministry for Information Society, according to [...]

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New Web Site Will Help Ukrainians With Visa Issues

At the end of August there are two common problems: summer is ending and the queues at the visa centers are non-ending. Many hard-working people realize these problems only just before their vacation. A developer from Kharkiv created a site called visareq.com that could help resolve these two problems. The site provides all the necessary [...]

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Russian Ecwid Raises $5 Million from iTech Capital and Runa Capital

Russian ecommerce technology company Ecwid, founded by Ruslan Fazlyev raised further $5 million from the lead investor Russian iTech Capital and its existing backer Runa Capital (who has recently also sold shares in its French portfolio company Capptain to Microsoft). Founded in Ulyanovsk by the team behind the ecommerce product X-Cart, Ecwid develops and markets [...]

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The inside view on Ukrainian IT industry

On July 31st, the First National Channel welcomed Valery Krasovsky, Sigma Software COO, and Eduard Rubin, CEO at Telesens International, on the “First Studio” show to discuss Ukrainian IT industry, its past and future, its challenges and prospects. Informal conversation and inside view — these are the main characteristics of the “First studio”, the new [...]

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Ukrainian PetCube, Hungarian Prezi, Russian Telegram and Polish Kinetise won at the Europas Awards

At the end of June the the Europas Awards took place and here are a few interesting moments relevant for the CEE region. Ukrainian PetCube won the award in the Hardware category. PetCube, for those who have not yet heard of this startup, allows pet owners play with their pets remotely. The cube has a [...]

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Ukraine Ranks #40 Among Top 100 Countries By Game Revenues

According to the recently published Global Games Market Report 2014 by NewZoo, as of today Ukraine has earned $118 million in games revenues, and currently ranks #40 globally in the List of Top 100 Countries. In the Eastern European region, Ukraine ranks #4, following Russia ($1,2 billion), Poland ($280 million), and Romania ($122 million), and [...]

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Hungarian New Website To Help Children’s Safe Web Browsing

(MTI) – Internet service providers will soon launch a new interactive website designed to help children with the basics of online security. The content on otthonaneten.hu will be different for each age group. The website will teach 5-6-year-olds the basics of the web by letting them put together their own videos. The more adept hungarian [...]

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How to Close the Digital Entrepreneurship Gap in Europe

Small- and medium-sized businesses play a crucial role in growing the economy. Startups are willing to take the risks that lead to innovation and create jobs. However, they tend to face many institutional barriers, especially in Europe. Many startups find that growing their business is as challenging as creating it. European startups face many barriers [...]

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CIO Review Lists EPAM among 20 Most Promising Solution Providers in Travel & Hospitality 2014

EPAM Systems, Inc., a leading provider of product development and software engineering solutions known for its award-winning Central and Eastern European global delivery platform, has entered the list of 20 most promising solution providers in Travel & Hospitality 2014, published by CIO Review magazine in its special edition. The selection was based on EPAM’s deep [...]

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The impact of the Ukraine crisis on its IT Market

By Aviram Eisenberg, Israel & Germany: “I have done business in Ukraine for quite some time now and I must confess I saw the country’s great potential, took a bet and won. Nowadays, the rapid developments in Ukraine, including protests that pushed out Ukrainian president Victor Yanukovych and Russia’s subsequent moves in Crimea, have drawn [...]

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