Technology

International Internet Magazine. Baltic States news & analytics Tuesday, 16.07.2019, 17:35

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Estonia's LeapIN raises EUR 6.8 mln, rebrands as Xolo

Estonia's LeapIN raises EUR 6.8 mln, rebrands as Xolo

15.07.2019

LeapIN, the startup founded to service Estonian e-residents, has raised six million euros from investors, is to launch a new service that enables starting micro-businesses without registering a company, and has rebranded itself as Xolo,

Keyword tags: Estonia, Good for Business, Innovations, Internet, Investments, Latvia, Technology



Survey: 8% of Estonians engaged in platform work

Survey: 8% of Estonians engaged in platform work

11.07.2019

The so-called "gig economy" is attracting an increasing number of people -- in Estonia 8% of people regularly work via online platforms, it appears from a survey conducted into platform work in 13 European countries, writes LETA/BNS.

Competition Authority: Estonia should auction 5G licenses in small blocks

Competition Authority: Estonia should auction 5G licenses in small blocks

11.07.2019

The Estonian Competition Authority finds that in auctioning 5G frequency permits, the government should not divide the spectrum into three or four segments but should put smaller blocks of the frequency band up for auction instead, reported LETA/BNS.


Innovation made in Europe: leading Latvian entrepreneur SIA Vigobot nominated for EIT Awards

Innovation made in Europe: leading Latvian entrepreneur SIA Vigobot nominated for EIT Awards

09.07.2019

The European Institute of Innovation and Technology (EIT) presents the 19 nominees competing in the EIT Awards 2019, including SIA Vigobot from Latvia. Top innovators from the EIT Community are making their mark across Europe, delivering innovative solutions to the most pressing challenges facing our society.

Uniting finances and innovation: fintech hub in Lithuania with the EBRD’s support

Uniting finances and innovation: fintech hub in Lithuania with the EBRD’s support

09.07.2019

The idea of connecting fintech and innovation has been practically realised in the EBRD-Swedbank/Lithuania and Estonian accelerator’s partnership. It has been launched recently to develop a successful innovation hub that would foster technological solutions both in Lithuania and other two Baltic States using new financial instruments.


08.07.2019

Estonia: EUR 10 mln computing center being developed at Enefit Tehnoloogiapark

Burfa Tech, an IT company operating in Estonia mainly in the field of equipment for cryptocurrency mining, is set to develop Northern Europe's largest high-performance computing center at Enefit Technology Park in the northeastern border city of Narva, reported LETA/BNS.

08.07.2019

EU research budget for the last Horizon-2020 year

The EU intends to spend the last annual tranche - €11 bn - of the Union’s research and innovation program in its final year. Horizon 2020, the EU's €77 billion research and innovation program for 2014-20, supported scientific excellence in the EU states and contributes to high-profile scientific breakthroughs. Perspectives for researchers in the next seven years are bright as well…

05.07.2019

Libra – a new global digital currency

Recent interest in crypto currencies around the world has prompted renewed interest in a new digital token, the Libra, as a “bitcoin”, which was initially introduced in 2008-09 and has become since a most widely used and accepted digital currency.

05.07.2019

Estonia: Koit student satellite launched into orbit from Russian cosmodrome

A Soyuz rocket launched from the Vostochny cosmodrome in Russia on Friday morning took into orbit a new generation Tallinn University of Technology (TalTech) student satellite named "Koit" (Dawn), reported LETA/BNS.

04.07.2019

Monese starts cooperation with PayPal

Monese, a mobile-only current account provider of Estonian origin, started cooperation with PayPal on Thursday, informed LETA/BNS.

04.07.2019

Ericsson introduces 5G technology at Tallinn plant

Ericsson and Nordic-based service provider Telia have brought automated guided vehicles, Augmented Reality (AR), and a huge number of sensors to life at Ericsson's manufacturing facility in Tallinn via a dedicated cellular network, writes LETA/BNS.

04.07.2019

Estonia: Construction of MCF Group's EUR 100 mln data center to start in fall

MCF Group, a holding of Estonian and Finnish investors, is about to build the biggest data center of the Baltic states at Harku near Tallinn for an investment of 100 mln euros, reported LETA/BNS.

02.07.2019

Lithuania's SEB to invest around EUR 40 mln into new IT platform

SEB, one of the largest commercial banks in Lithuania, plans to introduce a new IT platform, which is used by the banking group for the majority of services and business processes, in the first quarter of 2020.

27.06.2019

Estonia: Martin Villig, Heidi Kakko appointed members of EIC's advisory board

The European Innovation Council (EIC) appointed new advisory board members, who will advise the European Commission on innovation issues, among the newly appointed members are also Bolt co-founder Martin Villig and BaltCap Growth Fund partner Heidi Kakko, reported LETA/BNS.

21.06.2019

Peer-to-peer insurance platform to be tested in the regulatory sandbox in Lithuani

UAB Workpower has become the first company allowed by the Board of the Bank of Lithuania to enter the Bank of Lithuania’s regulatory sandbox and test a peer-to-peer insurance platform, informed Bank of Lithuania.

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