Technology

International Internet Magazine. Baltic States news & analytics Thursday, 21.08.2014, 23:00

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Stream Networks buys Latnet

Stream Networks buys Latnet

21.08.2014

IT outsourcing company Stream Networks has acquired one of Latvia's first Internet companies, Latnet Serviss; after their merger, the joint company will be the second largest provider of telecommunications services in Latvia's corporate sector, according to an announcement released by the companies on Thursday, cites LETA/Nozare.lv.

Keyword tags: Internet, Latvia, Legislation, Mergers and take-overs, Technology



Schneider invests EUR 10 mln into construction of new factory in Latvia

Schneider invests EUR 10 mln into construction of new factory in Latvia

20.08.2014

One of the world's leading energy management companies Schneider Electric will invest about EUR 10 million into the construction of a new Lexel factory in Latvia, Schneider Electric spokeswoman in Baltics Santa Rutka informed the business portal Nozare.lv, cites LETA.

CSC Baltic will employ 100 more IT specialists through 2015

CSC Baltic will employ 100 more IT specialists through 2015

19.08.2014

CSC (NYSE-CSC), a global leader in next-generation IT services and solutions, continues to carry out plans for growth in Lithuania. Through 2015, as a result of the project “Vilnius DC Expansion“ 100 new technology employment positions will be created in CSC Baltic IT Services Center which was opened six years ago, informed BC company’s press service.


DEAC – the fastest growing company in the Baltic ICT market

DEAC – the fastest growing company in the Baltic ICT market

19.08.2014

Baltic ICT Market review, launched by the Prime Investment, indicates that Latvian companies have become successful service providers with high potential in export. According to the research data, local data center operator DEAC reached the largest growth in revenue from IT services, becoming one of the fastest growing companies among major Baltic ICT service providers, informed marketing and development department group leader at DEAC Alina Zizina.

U.S. investors purchase Latvian social communication network Ask.fm

U.S. investors purchase Latvian social communication network Ask.fm

15.08.2014

The Latvian social network Ask.fm has been bought by the owners of Tinder and Ask.com for an undisclosed fee, reports LETA, referring to the BBC.

13.08.2014

Nazarbayev to Estonian Ambassador: situation in Ukraine causes concerns

Estonia's new Ambassador to the Republic of Kazakhstan Jaan Reinhold presented his credentials to Kazakh President Nursultan Nazarbayev on Tuesday; in the discussion that followed the ceremony, President Nazarbayev expressed concern over the situation in Ukraine, Public Broadcasting reports.

12.08.2014

Shortage of IT specialists in Lithuania edging to 13,000

Every year over 1,000 students finish information technology (IT) studies in Lithuania; however, according to businessmen, it is not enough to meet the current demand of IT specialists in the country, reports LETA/ELTA.

11.08.2014

Cenuklubs.lv turnover increases by 12% in 2013

Retail trade company Cenuklubs.lv increased it turnover by 12% in 2013, according to information provided by Firmas.lv, cites LETA/Nozare.lv.

11.08.2014

Lithuanian promising startups to seek for investments in USA and Europe

In 2014, Enterprise Lithuania, public entity, and community Startup Lithuania are continuing the successful Startup Lithuania Roadshow, which was launched in 2013. As part of the project, the country's most promising startups will travel to San Francisco, Tel Aviv, London, Dublin and Helsinki in autumn to look for investments, informs LETA/ELTA, referring to Startup Lithuania.

08.08.2014

In Estonia Kanal2 is the most popular TV channel in July

While Estonian television audiences were most drawn to football world championships and the song and dance festival broadcasts on public television ETV in July, the privately-owned Kanal 2 managed to keep its lead in overall ratings, Public Broadcasting cites TNS Emor TV audience monitoring, informs LETA.

01.08.2014

Estonians bought 34 mln euros worth of mobile phones in H1

According the analysis of market research firm GfK Retail and Technology, Estonians bought in the first six months of this year 173,400 mobile phones worth a total of 33.7 mln euros, informs LETA Public Broadcasting.

01.08.2014

Households use durable goods more extensively

Analysis of the Household Budget Survey data compiled by the Central Statistical Bureau of Latvia (CSB) shows that in 2013 refrigerators, TV sets and mobile phones were the most popular durable goods used by households.

01.08.2014

MTG TV Latvia operated with EUR 1.32 million in losses last year

MTG TV Latvia operated with EUR 1.32 million in losses in 2013,informs NOZARE.LV/LETA reffering the company's public relations head Marta Zandersone.

29.07.2014

In Estonia electronics and electrical equipment manufacturing grew last year

Last year, the production volume in the Estonian electronic and electrical equipment manufacturing sector grew at constant prices by 8% and as compared to 2012, both sales and export growth accelerated a bit, informs LETA reffering to Estonian economy and communications ministry.

29.07.2014

Global Finance names SEB internet bank best in Latvia

The international financial magazine "Global Finance" has named "SEB banka's" internet bank the best in Latvia for the second consecutive year. The winners were selected by a world-class judging panel who assessed the possibilities customers have and the level of service, informs LETA.

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