The Baltic Course

Baltic States: Opinion Direct speech

ICT is almost a perfectly performing sector

ICT is almost a perfectly performing sector


Over the last few years, the information and communications technologies sector (ICT) has been among those with fastest growth. It is no secret that in recent years rapid expansion of different ICT services could be observed in Latvia: programming, data storage, development of mobile applications, development of various complex ICT solutions, etc. However, unlike retail trade or manufacturing, the sector usually is not in the spotlight of economic analysts and policy makers. This can be explained by the size of the sector – ICT only accounts for about 5% of the total value added, even though this level is close to the European Union's average. Nevertheless, the success of the sector should be noted: it is one of the fastest growing, with high productivity levels, high average salary, implementation of latest technologies, and other positive features.

Keyword tags: Analytics, Banks, Direct Speech, Industry, Innovations, Internet, Latvia, Technology, Telecomunications

Round Table Round Table

Spring 2016 European Semester package: country-specific recommendations

Spring 2016 European Semester package: country-specific recommendations


Commission proposed (18 May) its 2016 country-specific recommendations (CSRs), setting out economic policy guidance for all EU states for the next 12-18 months. In addition to efforts already identified in EU-2020 strategy, this economic guidance instrument focuses on priority reforms to strengthen the recovery of EU-28 economies by boosting investment, implementing structural reforms and pursuing fiscal responsibility.

Keyword tags: Analytics, Education and Science, EU – Baltic States, Financial Services, Latvia, Legislation, Round Table

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