International Internet Magazine. Baltic States news & analytics
Sunday, 28.08.2016, 23:36
Arnis Riekstins, a co-owner of the Mikrotikls company, earned EUR 30.15 mln last year becoming the top earner in Latvia in 2015, according to a list of Latvia's biggest earners, losers, and dividend recipients last year, compiled by Lursoft, business magazine Kapitals, and journalists Lato Lapsa and Kristine Jancevska.
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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.
Latvia ranks third and Estonia fifth among member states of the Organization for Economic Cooperation and Development (OECD) for the percentage of fiber connections in total broadband, informs LETA/BNS.
Internet and cable TV provider Baltcom posted EUR 19.7 mln in turnover and EUR 5.3 mln in losses last year, as LETA learned at the company.
Europe has the highest percentage of Internet users that visit content piracy sites, and Latvia tops the list of countries by the percentage of Internet users having visited a pirate site, according to Global Film & TV Piracy Market Insight Report 2016, released by MUSO content protection, data-analytics and piracy audience reconnection solutions provider, informs LETA.
Tieto Latvia IT company last year posted EUR 40.356 mln. in sales, which is by 2 percent more than a year ago, when the company generated EUR 39.724 mln. in sales, according to Firmas.lv business database, reports LETA.
The largest telecommunications conference in the Baltic States Telco Trends will take place in Jurmala, in August
Already after a month in Jurmala, will take place Telco Trends - the largest international telecommunications conference and exhibition in the Baltic States, which will bring together representatives of leading enterprises of electronic communications from more than 30 countries of the world, informs BC Natalya Vasilyeva, Telco Trends PR Director.