Technology

International Internet Magazine. Baltic States news & analytics Wednesday, 23.05.2018, 23:30

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HansaMatrix hi-tech group raises Q1 sales by 31.2%

HansaMatrix hi-tech group raises Q1 sales by 31.2%

23.05.2018

Latvian hi-tech group HansaMatrix posted EUR 5.895 million in turnover for the first quarter of 2018 at a 31.2% rise year-on-year, and the group's profit reached EUR 502,178, growing 21.9% from the same period last year, writes LETA, according to the interim consolidated financial statements submitted to the Nasdaq Riga stock exchange.

Keyword tags: Good for Business, Latvia, Technology



Videntifier set to open R&D center in Vilnius

Videntifier set to open R&D center in Vilnius

23.05.2018

Videntifier, an Icelandic developer of visual search and identification solutions, is set to open its R&D center in Vilnius, Invest Lithuania said on May 22nd, informs LETA/BNS.

Latvian drugstores complain of serious downturn in functionality of e-health system lately

Latvian drugstores complain of serious downturn in functionality of e-health system lately

23.05.2018

The problems with functionality of the e-health system have aggravated over the past month, the board chairwoman of the Latvian Association of Pharmacies, Agnese Ritene, said at the meeting of the parliamentary sub-committee on public health on May 22nd, reports LETA.


India's 2nd biggest company Reliance to expand to Estonia

India's 2nd biggest company Reliance to expand to Estonia

22.05.2018

Reliance Industries, India's second biggest company, is set to invest 1.5 million euros in the launch of its business in Estonia and wishes to use the Estonian operation for entry into the European Union market and replicating Estonian e-solutions into the Indian context, Hindustan Times reported, cites LETA/BNS.

Mayors of Tallinn, Beijing sign cooperation accord

Mayors of Tallinn, Beijing sign cooperation accord

22.05.2018

Mayor or Tallinn Taavi Aas and Beijing's Mayor Chen Jining have signed a cooperation agreement between the two cities, reports LETA/BNS.


22.05.2018

Turnover of Elko Grupa IT wholesaler up 13.6% in Q1

Latvian wholesaler of IT products Elko Grupa in the first quarter of this year posted EUR 264.765 million in sales, up 13.6% from the respective period last year, while the concern’s net profit dropped 5.8% to EUR 1.398 million, writes LETA, according to the financial report submitted to the Nasdaq Riga stock exchange.

21.05.2018

Digital transformation in the EU: the Baltic States are catching up

In the EU’s 2018 Digital Economy & Society Index (DESI) index, the Baltic States’ performance looks pretty good. DESI monitors the EU states’ performance in digital connectivity, digital skills, online activity, the digitisation of businesses and digital public services. DESI-2018 shows that digital connectivity has improved but is still insufficient to address fast socio-economic growth.

21.05.2018

Latvia ranks behind Lithuania and Estonia in EU Digital Economy and Society Index 2018

Latvia in 2018 ranked 19th in the EU Digital Economy and Society Index (DESI) among all 28 EU member states, lagging behind Lithuania and Estonia, the European Commission announced on May 18th, informs LETA.

18.05.2018

Webhelp buys majority of Riga-based Runway BPO shares

Global business process outsourcer (BPO) and customer experience company Webhelp has acquired the majority of shares in Runway BPO, a multilingual nearshore BPO firm servicing Scandinavian and international customers, Runway Group announced LETA.

18.05.2018

Smart-ID users number 210,000 in Estonia

More than 850,000 people in the three Baltic countries, including some 210,000 in Estonia, have adopted Smart-ID as means of electronic authentication, informs LETA/BNS.

17.05.2018

Latvian PM: market-changing innovations usually are created by small companies

Market-changing innovations usually are created by small companies, said Latvian Prime Minister Maris Kucinskis (Greens/Farmers) at the informal European Council meeting in Sofia today, cites LETA.

17.05.2018

Growing number of Lithuanian products appear on Amazon

A growing number of Lithuanian products become available on the UK market of Amazon, one of the world's largest e-commerce platforms, the business daily Verslo Zinios reported on May 17th, cites LETA/BNS.

17.05.2018

First Nokia Showroom in Baltics opened in Riga

Mobitec Group, dealer of Nokia cell phones, in cooperation with its wholesale partner in Latvia, Evelatus, has opened the first Nokia Showroom in the Baltic states, located in Riga Plavnieki suburb, said Mobitec Group representatives, informs LETA.

17.05.2018

Research and innovation as the only perspective for progressive growth

The EU aims at helping the states become the global innovation leaders. First, they have great potentials: Europe accounts for 20% of global R&D investment, produces 1/3 of all high-quality scientific publications, and holds a world leading position in industrial sectors, e.g. pharmaceuticals, chemicals, mechanical engineering and fashion. Second, the EU assistance would give the states strategic orientation and support to reach the goal.

16.05.2018

Telia Company plans to hire 400 IT specialists in Vilnius

Swedish telecommunications company Telia Company does not renounce its plans, announced last October, to hire up to 400 IT specialists at the Vilnius-based services center by the end of this year, the company CEO Johan Dennelind said after meeting with Lithuanian Prime Minister Saulius Skvernelis on May 16th, reports LETA/BNS.

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