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International Internet Magazine. Baltic States news & analytics Friday, 25.05.2018, 23:32

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Baltic and Nordic regulators sign memorandum on cooperation in electronic communications

Baltic and Nordic regulators sign memorandum on cooperation in electronic communications

24.05.2018

The regulators of the Baltic and Nordic countries signed a memorandum in Riga today on cooperation in the sphere of electronic communications, LETA was told at the Latvian Public Utilities Commission.

Keyword tags: EU – Baltic States, Latvia, Legislation, Technology, Telecomunications



Estonian eAgronom raises EUR 500,000 from customer investors

Estonian eAgronom raises EUR 500,000 from customer investors

24.05.2018

Estonian farm management software startup eAgronom has raised 500,000 euros from farmers, who have now become the company's investors, informs LETA/BNS.

Personal Data Processing Law is coming into force in EU on May 25, 2018

Personal Data Processing Law is coming into force in EU on May 25, 2018

24.05.2018

In a modern world, which is constantly changing because of new technologies and communication methods, the significance of personal data protection is growing rapidly. Every person wants to have a guarantee, that his private information will not be disclosed to third parties. In order to achieve this goal, General Data Protection Regulation (hereinafter – Regulation) was adopted to set common requirements for processing personal data in the EU. Regulation shall come into force from 25 May 2018, that’s why it’s important to prepare in advance.


HansaMatrix hi-tech group raises Q1 sales by 31.2%

HansaMatrix hi-tech group raises Q1 sales by 31.2%

23.05.2018

Latvian hi-tech group HansaMatrix posted EUR 5.895 million in turnover for the first quarter of 2018 at a 31.2% rise year-on-year, and the group's profit reached EUR 502,178, growing 21.9% from the same period last year, writes LETA, according to the interim consolidated financial statements submitted to the Nasdaq Riga stock exchange.

Videntifier set to open R&D center in Vilnius

Videntifier set to open R&D center in Vilnius

23.05.2018

Videntifier, an Icelandic developer of visual search and identification solutions, is set to open its R&D center in Vilnius, Invest Lithuania said on May 22nd, informs LETA/BNS.


23.05.2018

Latvian drugstores complain of serious downturn in functionality of e-health system lately

The problems with functionality of the e-health system have aggravated over the past month, the board chairwoman of the Latvian Association of Pharmacies, Agnese Ritene, said at the meeting of the parliamentary sub-committee on public health on May 22nd, reports LETA.

22.05.2018

India's 2nd biggest company Reliance to expand to Estonia

Reliance Industries, India's second biggest company, is set to invest 1.5 million euros in the launch of its business in Estonia and wishes to use the Estonian operation for entry into the European Union market and replicating Estonian e-solutions into the Indian context, Hindustan Times reported, cites LETA/BNS.

22.05.2018

Mayors of Tallinn, Beijing sign cooperation accord

Mayor or Tallinn Taavi Aas and Beijing's Mayor Chen Jining have signed a cooperation agreement between the two cities, reports LETA/BNS.

22.05.2018

Turnover of Elko Grupa IT wholesaler up 13.6% in Q1

Latvian wholesaler of IT products Elko Grupa in the first quarter of this year posted EUR 264.765 million in sales, up 13.6% from the respective period last year, while the concern’s net profit dropped 5.8% to EUR 1.398 million, writes LETA, according to the financial report submitted to the Nasdaq Riga stock exchange.

21.05.2018

Digital transformation in the EU: the Baltic States are catching up

In the EU’s 2018 Digital Economy & Society Index (DESI) index, the Baltic States’ performance looks pretty good. DESI monitors the EU states’ performance in digital connectivity, digital skills, online activity, the digitisation of businesses and digital public services. DESI-2018 shows that digital connectivity has improved but is still insufficient to address fast socio-economic growth.

21.05.2018

Latvia ranks behind Lithuania and Estonia in EU Digital Economy and Society Index 2018

Latvia in 2018 ranked 19th in the EU Digital Economy and Society Index (DESI) among all 28 EU member states, lagging behind Lithuania and Estonia, the European Commission announced on May 18th, informs LETA.

18.05.2018

Webhelp buys majority of Riga-based Runway BPO shares

Global business process outsourcer (BPO) and customer experience company Webhelp has acquired the majority of shares in Runway BPO, a multilingual nearshore BPO firm servicing Scandinavian and international customers, Runway Group announced LETA.

18.05.2018

Smart-ID users number 210,000 in Estonia

More than 850,000 people in the three Baltic countries, including some 210,000 in Estonia, have adopted Smart-ID as means of electronic authentication, informs LETA/BNS.

17.05.2018

Latvian PM: market-changing innovations usually are created by small companies

Market-changing innovations usually are created by small companies, said Latvian Prime Minister Maris Kucinskis (Greens/Farmers) at the informal European Council meeting in Sofia today, cites LETA.

17.05.2018

Growing number of Lithuanian products appear on Amazon

A growing number of Lithuanian products become available on the UK market of Amazon, one of the world's largest e-commerce platforms, the business daily Verslo Zinios reported on May 17th, cites LETA/BNS.

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