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International Internet Magazine. Baltic States news & analytics Thursday, 29.10.2020, 12:56

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15.5% Latvian enterprises selling goods or services over the Internet

15.5% Latvian enterprises selling goods or services over the Internet

28.10.2020

Results of the Central Statistical Bureau (CSB) annual survey on the use of information and communication technologies (ICT) in enterprises show that 99.9 % of Latvian enterprises (1) used internet at the beginning of 2020, and 62.6 % of enterprises had their own website, of which 94.1 % of large enterprises, 81 % of medium-sized enterprises and 58.4 % of small enterprises (2).

Keyword tags: Analytics, Covid-19, Internet, Latvia, Markets and Companies, Technology



45% Latvians say that remote work has made public administration more modern and accessible

45% Latvians say that remote work has made public administration more modern and accessible

28.10.2020

45.7% Latvian residents admit that remote work has made public administration more modern and accessible for individuals, writes LETA, according to a poll conducted by the University of Latvia.

Online sales account for 5% Estonian businesses' total sales revenue in 2019

Online sales account for 5% Estonian businesses' total sales revenue in 2019

28.10.2020

One-fifth of Estonian businesses sold their products via their own website or electronic data interchange (EDI) in 2019 and online sales accounted for 5% of enterprises' total revenue, writes LETA/BNS, according to Statistics Estonia.


Eesti Energia launching virtual power plant

Eesti Energia launching virtual power plant

27.10.2020

The state-owned energy group Eesti Energia is launching a virtual power plant which makes large electrical devices generate revenue to Eesti Energia customers by reducing power costs and increasing the amount of renewable energy on the market, informs LETA/BNS.

Latvian Holocaust drama wins jury award at Polish film festival Echoes of Katyn

Latvian Holocaust drama wins jury award at Polish film festival Echoes of Katyn

27.10.2020

Latvian filmmaker Davis Simanis' Holocaust drama The Mover has won the jury award at Poland's Echoes of Katyn International Film Festival, informed LETA/POLSKIE RADIO.


27.10.2020

HCL Technologies Lithuania boosts FY net profit by 21%

HCL Technologies Lithuania, an Indian-owned programming and IT company that opened a new office in Vilnius in 2019, has reported a net profit of 812,600 euros for the past financial year, a rise of 21% year-on-year, informs LETA/BNS.

26.10.2020

International Christmas Journey - the biggest international charity event in Riga

This year, the International Women’s Club of Riga (IWCR) will take its visitors, friends and their families on an “International Christmas Journey” - a series of cross-cultural experiences from October 2020 until February 2021. IWCR offers this unique journey instead of its popular Christmas bazaar considering this year’s special circumstances, informs IWCR in its press release.

26.10.2020

Tet CEO Gulbis charged with alleged involvement in digital TV fraud case

The Prosecutor's Office has charged Juris Gulbis, Chairman of the Board of SIA Tet, and four other persons of possible participation in fraud in the introduction of digital television, estimating the damage caused to the company in the amount of EUR 7,585,533 euros, TV3's investigative news program Neka Personiga reported last night, cites LETA.

26.10.2020

Estonia's Miltton, digital marketing agency Impact 80/20 will merge

The Estonian business consultancy Miltton has announced its expansion, as part of which it is merging with the digital marketing agency Impact 80/20, informs LETA/BNS.

23.10.2020

Coronavirus map project manager takes down website in protest against Estonian government

The maintainer and project manager of the koroonakaart.ee website, which had been operating in cooperation with the Estonian Health Board, took down the website in protest against the Estonian government, informs LETA/BNS.

23.10.2020

162 films were produced in Estonia in 2019

According to Statistics Estonia, 30 full-length films were produced in Estonia last year, including 15 documentaries, 13 feature films and two animations. The number of short films (less than 60 minutes in length) produced last year was 132, including 62 documentaries, 44 feature films and 26 animations. Cinema attendance totalled nearly 3.7 million.

23.10.2020

Sun Finance in Latvia records more than EUR 100 mln turnover in 2019

In 2019, the financial technology company Sun Finance recorded a turnover of EUR 101.5 million in Latvia, an increase of almost three times compared with 2018 results, when the Group's turnover was EUR 36.5 million, according to the audited financial results of 2019. In turn, the Group's net profit last year was EUR 7.1 million, the company reports in its press release.

23.10.2020

Estonia's Environmental Investment Center gives Tallinn EUR 4 mln for switch to biomethane

The Environmental Investment Center is giving the transport board of the city of Tallinn four mln euros to finance a plan under which one hundred buses in Tallinn will start using biogas produced in Estonia from the beginning of 2021, writes LETA/BNS.

22.10.2020

Kazaks: many supply chains to become shorter, simpler

Many supply chains will become shorter and simpler thanks to the Cvodi-19 crisis lessons, said Bank of Latvia president Martins Kazaks in an interview with LETA.

22.10.2020

SmartCap to invest EUR 15 mln in High-tech Enterprises Fund in Estonia

The Estonian state-owned venture capital fund manager SmartCap will increase its anchor investment in the High-tech Enterprises Fund to 15 million euros, to which the private capital raised by the management company will be added, informs LETA/BNS.

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