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WhiteBIT has secured Virtual Asset Service Provider (VASP) licenses in Croatia, Italy, and Kazakhstan, enhancing its presence in key crypto markets. This strategic move allows the exchange to tap into nearly $1 trillion in annual crypto transactions, catering to both institutional and retail clients. CEO Volodymyr Nosov emphasized the importance of regulatory partnerships in fostering innovation while ensuring compliance.
Next month, MIT Technology Review will reveal its 2025 list of 10 Breakthrough Technologies, highlighting significant advancements across various fields. Among the technologies considered but not included are virtual power plants, useful AI agents, and eVTOL aircraft, each facing challenges before achieving widespread impact. The unveiling event is scheduled for January 3rd at 12:30 pm ET.
Croatian grocery chain Studenac Group SA has canceled its initial public offering plans in Warsaw and Zagreb due to "challenging" capital market conditions, following the loss of the European Bank for Reconstruction and Development as an anchor investor. The company aimed to raise up to 794 million zloty ($194 million) from the share sale, with the transaction's books set to close on Wednesday.
Harvey Norman Holdings Limited is an Australian company involved in integrated retailing, franchising, and real estate, operating across several countries including New Zealand, Singapore, and Ireland. Its diverse activities encompass the sale of furniture, electronics, and consumer products, alongside property investment and leasing for its franchisees. The company’s segments include various retail operations, property development, and equity investments, catering to a wide range of consumer needs.
At a recent press conference, Raiffeisen Capital Management unveiled its CEE Asset Management Radar, highlighting the growth potential of the asset management industry across fourteen Central and Eastern European countries. The radar combines economic data with asset management trends, forecasting a compound annual growth rate of 12.1% for the region, driven primarily by net inflows. Raiffeisen Group's assets under management reached a record high of nearly 65 billion euros, reflecting a robust recovery and increasing interest in sustainable investments.
Raiffeisen Capital Management has reached an all-time high of nearly EUR 65 billion in assets under management, with a significant portion invested responsibly. The fund savings segment in Central and Eastern Europe (CEE) is rapidly growing, reflecting broader societal engagement in capital markets. Forecasts indicate strong growth potential in CEE, with local assets expected to surpass those of Austria by 2028.
Austria has signaled support for Romania and Bulgaria's entry into the EU's Schengen free-travel zone, with a decision expected on December 12. Despite previous objections over migration control, recent discussions indicate a potential start date of January 1, contingent on continued efforts to manage irregular migration. Romanian Prime Minister Marcel Ciolacu emphasized the economic benefits of full Schengen membership, while officials noted a significant decrease in migrant arrivals.
Croatia is poised to address the rising housing prices linked to tourism, joining other European nations in this effort. However, concerns are mounting among property owners who fear that the proposed legislation could negatively impact their businesses.
In early November, slaughter pig markets in Central Europe saw stable prices amid increased supply and demand, particularly in Germany and Austria, where prices remained at 1.92 and 1.86 euros/kg, respectively. However, Denmark experienced a slight decline, and Italy"s prices fell significantly due to discrepancies with other European markets. Overall, the EU average price continued to weaken, down 1.7% from the previous week, with Slovakia being the only country to report a price increase.
In April, James Fickel visited a Yale facility where researchers study functional pig brains preserved in nutrient-rich solutions. This groundbreaking work, initiated by Croatian scientists, has evolved into Bexorg Inc., aiming to enhance brain biology understanding, drug discovery, and potential rejuvenation techniques for trauma victims. Fickel's early investment has been pivotal in advancing this innovative research.
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