International Internet Magazine. Baltic States news & analytics
Saturday, 02.07.2016, 08:36
Digital issues are now firmly on the global political agenda, e.g. at the G-7 ICT meeting in Japan in April 2016 and recent OECD meeting as well as in the G-20 formation. These are clear signs of digital/ICT socio-economic importance and political relevance: the ICT-digital industry is becoming the fastest growing sector in the world.
Keyword tags: Analytics, Economics, EU – Baltic States, Internet, Markets and Companies, Technology
Startup Estonia, a support unit for Estonian start-ups under the Development Fund, will continue operation under the state-run financing institution Kredex from the beginning of July with the aim of providing better support to new companies and improving funding opportunities in all phases of development, informs LETA/BNS.
The Estonian aircraft painting and maintenance company Magnetic MRO is to open a new online store, enginestands24.com, where it will sell and lease aircraft engine stands, reports LETA/BNS.
Ride-sharing services such as Taxify and Uber should be integrated into Latvia's economic model, Economy Minister Arvils Aseradens (Unity) told members of the press today, cites LETA.
Vostok Emerging Finance (VEF) has invested 3.4 million US dollars (EUR 3.07 mln) in the Lithuanian-owned money transfer company TransferGo, whose key markets include the United Kingdom, which voted last week to leave the European Union, Verslo Zinios reported on June 29th, cites LETA/BNS.
The revenue of PKC Eesti, Estonian arm of the listed Finnish manufacturer of cable harnesses for the automotive industry, which in February 2016 announced it would lay off 613 employees in 2017, in 2015 increased 5% to 145.7 million euros and its net profit soared 51% to 17.9 million euros, informs LETA/BNS.
About 300 new signatures have been added to the online petition at the portal manabalss.lv calling for Latvia’s withdrawal from EU in the last five days, reports LETA.
Lithuania is inviting Israel's scientists to cooperate and use its integrated science, studies and business centers, or "science valleys", Prime Minister Algirdas Butkevicius said on Tuesday after meeting with Nili Cohen, president of the Israeli Academy of Sciences and Humanities, reports LETA/BNS.
Results of a study commissioned by the Estonian Ministry of Economic Affairs and Communications and carried out by Praxis show that the sale of goods and services over the internet is not very developed in Estonia and it should be nationally promoted, informs LETA/BNS.
Latvia’s Patrika company, the operator of e-maxima Internet store, in 2015 sustained EUR 126,236 loss, informs LETA, according to Firmas.lv business database.
The Seimas committee in Lithuania ia proposes to introduce the requirement for foreigners setting up businesses in Lithuania to pay their employees at least two times the country's average monthly salary, informs LETA/BNS.
IBM Lietuva, a Lithuanian IT products and services company that is owned by the US-based IT giant IBM, in 2015 posted 19.757 million euros in revenue, almost unchanged from 19.741 million euros in 2014, informs LETA/BNS.
AB Lietuvos Gelezinkeliai (JSC Lithuanian Railways) has begun using a risk management information system (RMIS), which will help capture potential threats and eliminate them in a timely manner, reported BC project manager Iveta Galdauskaitė.
Three of five biggest Lithuania’s e-commerce companies, which have only online presence, generate losses while the remaining two, which are also the largest among those five, operate in the black, the Verslo Zinios business daily reports on June 23rd, cites LETA/BNS.
Lithuania's electronic communications market revenues grew by 5% in the first quarter to 160.322 million euros, from 152.645 million euros in the same period last year, final data from the Communications Regulatory Authority (RRT) showed on June 22nd, cites LETA/BNS.