Technology

International Internet Magazine. Baltic States news & analytics Wednesday, 29.06.2016, 08:26

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Lithuania invites Israeli scientists to use its science valleys

Lithuania invites Israeli scientists to use its science valleys

28.06.2016

Lithuania is inviting Israel's scientists to cooperate and use its integrated science, studies and business centers, or "science valleys", Prime Minister Algirdas Butkevicius said on Tuesday after meeting with Nili Cohen, president of the Israeli Academy of Sciences and Humanities, reports LETA/BNS.

Keyword tags: Education and Science, Legislation, Lithuania, Technology



Study: Estonia should support online sales

Study: Estonia should support online sales

28.06.2016

Results of a study commissioned by the Estonian Ministry of Economic Affairs and Communications and carried out by Praxis show that the sale of goods and services over the internet is not very developed in Estonia and it should be nationally promoted, informs LETA/BNS.

Operator of Latvia’s E-maxima sustained EUR 126,236 loss in 2015

Operator of Latvia’s E-maxima sustained EUR 126,236 loss in 2015

28.06.2016

Latvia’s Patrika company, the operator of e-maxima Internet store, in 2015 sustained EUR 126,236 loss, informs LETA, according to Firmas.lv business database.


Lithuania mulls requiring foreign business founders to pay 2 times average wage

Lithuania mulls requiring foreign business founders to pay 2 times average wage

28.06.2016

The Seimas committee in Lithuania ia proposes to introduce the requirement for foreigners setting up businesses in Lithuania to pay their employees at least two times the country's average monthly salary, informs LETA/BNS.

IBM Lithuania posts stable results for 2015

IBM Lithuania posts stable results for 2015

27.06.2016

IBM Lietuva, a Lithuanian IT products and services company that is owned by the US-based IT giant IBM, in 2015 posted 19.757 million euros in revenue, almost unchanged from 19.741 million euros in 2014, informs LETA/BNS.

27.06.2016

Progressive information system for the management of risks of Lietuvos Gelezinkeliai

AB Lietuvos Gelezinkeliai (JSC Lithuanian Railways) has begun using a risk management information system (RMIS), which will help capture potential threats and eliminate them in a timely manner, reported BC project manager Iveta Galdauskaitė.

27.06.2016

Lithuania’s e-commerce leaders grow, others count losses in 7 years

Three of five biggest Lithuania’s e-commerce companies, which have only online presence, generate losses while the remaining two, which are also the largest among those five, operate in the black, the Verslo Zinios business daily reports on June 23rd, cites LETA/BNS.

27.06.2016

E-communications market in Lithuania grew by 5% in Q1

Lithuania's electronic communications market revenues grew by 5% in the first quarter to 160.322 million euros, from 152.645 million euros in the same period last year, final data from the Communications Regulatory Authority (RRT) showed on June 22nd, cites LETA/BNS.

22.06.2016

Hot US startup Cujo setting up development team in Lithuania

Cujo, which was featured as one of the hottest up-and-coming startups at the TechCrunch Disrupt conference 2016, is setting up operations in Lithuania. The US-based startup will establish its Lithuania division by the end of the year, where top IT professionals will work on developing, testing and improving Cujo’s smart home internet security technology, reported BC press officer at Invest Lithuania Egidijus Jurgelionis.

22.06.2016

Estonian, Finnish government office heads give overview of implementing OECD advice

Heads of the government offices of Estonia and Finland, Heiki Loot and Paula Lehtomaki, on Tuesday met in Tallinn to give an overview of implementing the recommendations made by the Organization for Economic Cooperation and Development (OECD) to the two countries in February 2016, reports LETA/BNS.

20.06.2016

Estonian Nortal Group shareholders buy out the company

Nortal Group shareholders bought back 50% of Group shares from Enterprise Investors and LHV Pension Funds, regaining full ownership of the company. Simultaneously Nortal is expanding its shareholder base among employees, reported BC company’s press service.

20.06.2016

Latvian startup Overly launches cooperation with Philips

One of the world’s leading producers of healthcare products, lighting solutions and household electronics Philips has launched exclusive cooperation with the Latvian startup project Overly, the company's representatives informed LETA.

20.06.2016

Swedish and Latvian PMs discuss opportunities for regional cooperation

On Friday 17 June, Prime Minister Maris Kucinskis met H.E. Mr Stefan Lofven, Prime Minister of the Kingdom of Sweden in Stockholm. During the meeting, the officials discussed the bilateral relations between the two countries and opportunities for further regional cooperation. The Heads of Government also discussed security in the Baltic Sea region, as well as current developments in the European Union, reported BC press secretary to the Prime Minister Andrejs Vaivars.

20.06.2016

Latvian startup Edurio receives EUR 1.86 mln EU grant

The education quality improvement solution Edurio, created in Latvia, has received support worth EUR 1.86 million from the European Union’s research and innovation grant program Horizon 2020 for the company’s further development and improvement of education quality on the European level, LETA was informed by the company's representatives.

17.06.2016

Profit of Estonian ICT sector grows to EUR 37.4 mln in Q1

The overall profit of the Estonian information and communication technology (ICT) sector in the first quarter of 2016 was 37.4 million euros, figures available from Statistics Estonia show, cites LETA/BNS.

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