International Internet Magazine. Baltic States news & analytics
Friday, 29.07.2016, 17:00
Russian company Yandex which offers internet services is planning to enter the Baltic countries, Kazakhstan and Georgia with its taxi-hailing app Yandex.Taxi,write LETA/BNS according to Interfax information.
Keyword tags: Baltic States – CIS, Russia, Technology, Transport
Lithuania's leading biopharmaceutical manufacturer Sicor Biotech, which is controlled by the international generic drugs producer Teva, posted a net profit of 87.018 mln euros for 2015, more than a two-fold increase from 41.171 mln euros in 2014, reports LETA/BNS.
Hassle-free shipping solution startup Shipitwise (Estonia) has successfully closed its Funderbeam campaign, increasing its valuation to 2.5 million euro, only 3 months after graduating from B2B accelerator Startup Wise Guys (SWG) 6th batch last April. Thus Shipitwise joins the club of Vitafields, Investly, coModule, Leaf, sportID and other startups accelerated by SWG and reaching valuations above 2 million euro, informed BC company's press service.
The Uber operation in Estonia is planning already this year to start using a solution that enables to identify Uber drivers and make their background checks more effective using an online camera and a personal ID, reports LETA/BNS.
The largest telecommunications conference in the Baltic States Telco Trends will take place in Jurmala, in August20.07.2016
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.
At the end of November, Riga will host the technology and start-up conference Digital Freedom Festival (DFF). The conference will bring together over 1000 technology and start-up entrepreneurs, experts, policymakers, investors and inspirational speakers from all over the world, BC was informed by the organizers of the event.
Euronews unveils its revamped website euronews.com, offering an original user experience, based on the concept 'All Views'. Through a 'responsive web design' interface, the new website meets consumer needs and habits, in information-seeking across all types of platforms, BC informs Lydie Bonvallet Head of Press and Public Relations.
- In the first half of 2016, Latvia's Lattelecom information and communications technology group raised revenues by 5% against the same period last year to EUR 95 mln, the company's unaudited financial results show, writes LETA.
Latvia has become the fastest growing country in the EU as regards innovation, the European Commission Representation in Latvia told LETA.
European Commission adopted two new “ready-to-use” financial instruments for ESI Funds investments, to ease access to funding for young businesses and urban development project promoters. However, business incentives in the Baltics are still different: 73% in Estonia compared with 39% in Latvia. The Baltic States have to accelerate assistance to SMEs.
Shares of Latvia’s HansaMatrix high-tech company to be listed on Nasdaq Baltic Main List as of July 12,2016
The share listing of HansaMatrix comes after the company’s recent private placement of new and existing shares to various investors, including a number of Baltic pension funds. After the most recent capital increase, HansaMatrix’s share capital consists of 1,829,381 ordinary shares with a nominal value of EUR 1 per share. All the shares will be listed on the Nasdaq Baltic Main List, told bourse.
The 6th International Telecommunications Conference and Exhibition TELCO TRENDS 2016 will be held from August 17 to August 19 in Jurmala, which is the largest one in the Baltic States. It will bring together the best industry experts, who will talk about the situation and trends in the European telecommunications market: including the subject of copyrights, the development of OTT services and payment technologies, as well as tell about the new technical solutions.
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.
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.