Technology

International Internet Magazine. Baltic States news & analytics Friday, 18.08.2017, 11:58

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Export of Latvia’s ICT services rises to EUR 137 mln in Q1

Export of Latvia’s ICT services rises to EUR 137 mln in Q1

18.08.2017

Latvia's export of information and communications technology (ICT) services amounted to EUR 137 million in the first quarter of the year 2017, which is 18% more than in the first quarter of 2016, according to the Bank of Latvia's data.

Keyword tags: Baltic Export, Good for Business, Internet, Latvia, Technology



Rail Baltica joins Estonian declaration of intent on Digital Construction

Rail Baltica joins Estonian declaration of intent on Digital Construction

18.08.2017

The Rail Baltica project has joined the Estonian Declaration of Intent on Digital Construction, which means that Rail Baltica will seek to implement Building Information Modeling and Management (BIM) in all stages of the project life-cycle, informs LETA/BNS.

Lithuanian accused of swindling Facebook, Google handed over to US officials

Lithuanian accused of swindling Facebook, Google handed over to US officials

18.08.2017

Evaldas Rimasauskas, a Lithuanian national accused of defrauding the US-based IT giants Facebook and Google of over 100 million US dollars via an email fraud scheme, on August 16th was turned over to American officials, the Lithuanian Criminal Police Bureau confirmed to BNS/LETA.


Under existing law SRS cannot conclude agreement on using mediation in dispute with ss.lv

Under existing law SRS cannot conclude agreement on using mediation in dispute with ss.lv

18.08.2017

The existing laws do not allow the State Revenue Service to conclude an agreement on using mediation to resolve its dispute with SIA Internet, which operates Latvia’s largest classified advertisements website ss.lv, or with any other taxpayer, LETA was told at the Revenue Service’s PR department.

Beta testing of updated e-voting system started in Estonia

Beta testing of updated e-voting system started in Estonia

17.08.2017

The beta testing of Estonia's updated e-voting environment at www.valimised.ee started on August 16th in preparation for the fall municipal elections, informs LETA/BNS.


17.08.2017

The Digital Freedom Festival and LatBAN announce an invitation to a startup competition

The Digital Freedom Festival, in cooperation with the association Latvian Business Angel Network (LatBAN), announces an invitation to pre-seed startups to submit applications for the November Investment Session. For the first time, the top 10 startups will have an opportunity to present their business ideas to Latvian and international business angels at the Digital Freedom Festival taking place on November 28. It is anticipated that the festival will welcome up to 1300 participants from the whole region, including investors, corporate executives and journalists, informed BC Digital Freedom Festival Press Secretary Inga Tauriņa.

17.08.2017

Coop's e-store to create own food delivery service in Estonia

While the Estonian state-owned logistics company Eesti Post AS operating under the Omniva brand on August 16th announced that it will stop offering food delivery services to retail chains, the e-store of the Estonian retailer Coop is to create its own delivery service starting from September 2017, informs LETA/BNS.

17.08.2017

The IT Channel Company seeks 23% stake in 1ClickFactory

The IT Channel Company, a Dutch IT group, is seeking to buy a 23% stake in the IT company 1ClickFactory from Volternas, a Lithuanian firm controlled by the Milaknis family, and the Danish investment firm Sfink Invest, cites LETA/BNS.

16.08.2017

28.7% Latvian family physicians have so far agreements on use of e-health system

So far 28.7% of 378 family physicians have signed agreement on joining the Unified Electronic Information System of the Health Sector, or e-health system, informs LETA, according to the National Health Service's data.

16.08.2017

SAF Tehnika reports profit of EUR 1.733 mln for 2016-2017

Latvia's SAF Tehnika telecommunications equipment group generated EUR 17.048 million in turnover in its financial year from July 1, 2016, to June 30, 2017, which was a rise by 24.4% from the previous financial year, and its profit increased by 87.3% to EUR 1.733 million, writes LETA, according to the interim financial report submitted to the Nasdaq Riga stock exchange.

16.08.2017

Estonian Inbank earns EUR 5.7 mln profit in H1

Inbank, the financial services company that started operations in April 2015 and that has evolved from the Cofi financial technology startup established in 2011, earned a profit of 5.7 million euros in the first six months of this year, marking a 429.4% increase compared to the year before, reports LETA/BNS.

15.08.2017

Nordecon to build EUR 3.4 mln office building in tech park in Kiev

Eurocon Ukraine TOV, a Ukrainian subsidiary of the listed Estonian construction group Nordecon, and Kyiv Standartbud TOV have signed a contract for the construction of a seven-story office building in the Unit City technology park in Kiev for 3.4 million euros, reports LETA/BNS.

15.08.2017

EUR 300,000 allocated to 8 co-produced film projects in Latvia

The Latvian National Film Center has distributed a EUR 300,000 allocation to eight film projects Latvian film studios are co-producing with foreign filmmakers, LETA was told at the center.

14.08.2017

Future start-ups in Latvia and Estonia may apply for new pre-acceleration program

Potential founders of Latvian and Estonian start-up companies may apply for a new pre-acceleration program to establish their teams, develop ideas and start business, TechHub Riga reported LETA.

14.08.2017

Tax evasion through car dealer schemes on ss.lv might reach EUR 50 mln

As a result of the tax evasion schemes used by car dealers operating on ss.lv classified ads portal, the Latvian budget has lost up to EUR 50 million in unpaid taxes, said State Revenue Service general director Ilze Cirule in an interview with the Latvian public television on August 14th, cites LETA.

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