International Internet Magazine. Baltic States news & analytics
Thursday, 29.01.2015, 22:22
Mobile phone operator Latvijas Mobilais Telefons (LMT) concluded 2014 with turnover of EUR 161.3 million, which is 6% less than in 2013, when the company operated with turnover of EUR 172 million, LMT CEO Juris Binde told the press representatives today, cites LETA.
Keyword tags: Investments, Latvia, Markets and Companies, Technology, Telecomunications
Telecommunications company Lattelecom operated with a net profit of EUR 30.1 million in 2014, which is 7% more than in 2013, the company informed LETA.
On 28 January 2015, the Board of TEO LT, AB approved Consolidated Interim Financial Statements, prepared according to International Financial Reporting Standards as adopted by the European Union, for the twelve months period ended 31 December 2014, the company said. The total consolidated TEO Group's revenue for the fourth quarter of 2014 was LTL 185 million (EUR 53.4 million), an increase by 3.2% over the total revenue of LTL 179 million (EUR 51.8 million) for the fourth quarter of 2013, writes LETA/ELTA.
Security Police probing picture circulating on Internet promoting idea of ''Latgale people's republic''29.01.2015
The Security Police in Latvia have begun a probe into a picture circulating on the Internet promoting the idea of a ''Latgale people's republic'', LETA found out from the Security Police.
Starting January 28, 2015, the Office of Citizenship and Migration Affairs is issuing new type of Latvian passports, the Office informed LETA.
US investors are becoming increasingly interested in Latvian enterprises lately, especially IT companies, according to the international audit, tax, and business advisory company KPMG, reports LETA.
DeCrypto OÜ launched in Tallinn a terminal for exchanging euros into virtual currency bitcoins, LETA/Postimees Online reports.
The government decided in principle yesterday that Latvia would keep its status of the European Space Agency's (ESA) European Cooperating State for the next five-year period, but the required funding is yet to be allocated, reports LETA.
A total of 47 Latvian movies will have their premieres in 2015; 42 of them were produced in collaboration with the National Film Center of Latvia, as the Center's head Dita Rietuma said, cites LETA.
A total of 70.4 million euros were invested in Estonian start-ups in 2014, which is 2.3 times more than in 2013, Äripäev.ee/LETA reports.
On 22 January 2015, Telecommunications Research Centre M2M (machine-to-machine) laboratory was opened officially at the Faculty of Physics of Vilnius University, reports BC the university’s press service.
LT Game Jam, the largest game creation event in the Baltic States, saw record numbers attend its 2015 event, held last weekend. A total of 450 current and future game development professionals met to share ideas, experiment, and create a working computer game within 48 hours, reports LETA/ELTA, referring to Invest Lithuania.
Estonian president: governments should pursue positive vision and contribute to digital development of states
Estonian President, Toomas Hendrik Ilves, took part in high-level panels that focused on digital development and geopolitics at the World Economic Forum in Davos. The Estonian Head of State met with the leaders of several global technology enterprises within the framework of the World Economic Forum, such as Kudelski Group, Google and Cisco; he also met with the Minister of Foreign Affairs of Canada, John Baird, reports BC presidential press service.
At the end of 2014, Ventspils City Council accepted the Ventspils information and communication technology (ICT) sector development strategy and action plan for 2014 – 2020. Various ICT sector stakeholders – Latvian higher education institutions, municipal and ICT support organisations of Ventspils, as well as more than twenty local and international ICT companies, incl. TestDevLab, DPA, Microsoft, IBM and others were involved in the Strategy development, reports Ventspils High Technology Park.
US risk investor Andreessen Horowitz together with companions invested 58 million dollars in the Estonian start-up company TransferWise, which is so far the largest amount of money invested in a startup of Estonian origin, LETA/Äripäev.ee reports.