International Internet Magazine. Baltic States news & analytics
Monday, 29.08.2016, 11:51
Innovative Russian software solutions start-up Mobile Angels, which specialises in mobile apps that use augmented reality technology, is setting up operations in Lithuania. The company aims to establish a team of 25 highly qualification information systems specialists in Lithuania within three years. The news comes on the back of the successful launch of the company’s most recent project, a mobile app for skiers with augmented reality functions, representative Mobile Angels told BC.
Keyword tags: Innovations, Internet, Lithuania, Russia, Technology
Arnis Riekstins, a co-owner of the Mikrotikls company, earned EUR 30.15 mln last year becoming the top earner in Latvia in 2015, according to a list of Latvia's biggest earners, losers, and dividend recipients last year, compiled by Lursoft, business magazine Kapitals, and journalists Lato Lapsa and Kristine Jancevska.
Over the last few years, the information and communications technologies sector (ICT) has been among those with fastest growth. It is no secret that in recent years rapid expansion of different ICT services could be observed in Latvia: programming, data storage, development of mobile applications, development of various complex ICT solutions, etc. However, unlike retail trade or manufacturing, the sector usually is not in the spotlight of economic analysts and policy makers. This can be explained by the size of the sector – ICT only accounts for about 5% of the total value added, even though this level is close to the European Union's average. Nevertheless, the success of the sector should be noted: it is one of the fastest growing, with high productivity levels, high average salary, implementation of latest technologies, and other positive features.
The Estonian state-owned postal and logistics services company AS Eesti Post operating under the Omniva brand is planning to buy 30 all-terrain vehicles (ATVs) for delivering post, reports LETA/BNS.
Business and training management software company Momook has announced that its highly-advanced full-flight simulator terminal is now available for sale and delivery. The software company, in cooperation with flight simulator maintenance solutions provider SimHelp, has launched an innovative solution developed specifically for aviation training center with at least one simulator, making the flight training process and simulator’s maintenance fast, simple and cost-effective, BC informs MOMook representative.
The Estonian taxi-hailing app Taxify which has recently expanded its operations to Budapest, Bucharest and Nairobi is planning to launch its operations in four other cities around the world in September, reports LETA/BNS.
As of 18 August the Latvian Air Navigation Service Provider Latvijas Gaisa Satiksme (LGS) will deliver AFTN/AMHS system operator services for the Estonian Air Navigation Services (EANS), informs LGC representative BC.
The manufacturer of wind turbines Eleon is about to set up a wind turbine control and software development center at Salme on Saaremaa island as part of its plan for the establishment of a manufacturing business that would build up to 60 new turbines every year, the regional newspaper Meie Maa said, cites LETA/ BNS.
Europe's first unmanned civil flight to cross a marine area between countries is to land at the Kiltsi airfield in western Estonia on Tuesday after having taken off from Hanko, Finland, reports LETA/BNS.
Newly published book provides insights into the state of the art for research and innovation regarding the Internet of Things (IoT), while exposing the challenges and opportunities within the future IoT ecosystems.
Enterprise Estonia is set to launch in the next three years a virtual reality environment costing up to a million euros to showcase Estonia and the e-solutions available here, writes LETA/BNS.
Railroad company Latvijas Dzelzcels, Czech company CZ Loko and Canada's Ballard Power Systems have signed a memorandum of understanding on cooperation in the development of technological solutions for manufacture of electric hydrogen-powered locomotives on the basis of the CME3 locomotive in Latvia, writes LETA.
Meldonium, the main ingredient used in the production of Latvian-made Mildtronate medication, might be removed from the World Anti-Doping Agency's (WADA) list of banned substances already this year, Ivars Kalvins, director of the Latvian Institute of Organic Synthesis, said in an interview with LNT commercial TV channel, cites LETA.
Understanding society and knowing where to find answers to various questions relating to daily life can facilitate integration in any country. With the help of About Estonia, an interactive mobile learning platform, IOM Estonia plans to offer foreigners new to the country the help that they will need to understand Estonian society and systems.
LHV is to issue contactless bankcards in Estonia at the end of August using near field communication (NFC) technolog, informs LETA/BNS.