Technology

International Internet Magazine. Baltic States news & analytics Friday, 04.12.2020, 16:02

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External support in Estonia to be spent on restarting the economy, innovation

External support in Estonia to be spent on restarting the economy, innovation

04.12.2020

The Estonian government decided on Thursday that in the use of external support, Estonia will base its actions on the principles of restarting and invigorating a human-centered economy and conduct of major innovations, informs LETA/BNS.

Keyword tags: Analytics, Economics, Estonia, EU – Baltic States, Financial Services, Innovations, Technology



Lithuanian commission launches review of Chinese bidder for airport equipment contract

Lithuanian commission launches review of Chinese bidder for airport equipment contract

04.12.2020

A governmental commission that vets strategic deals has launched a review of Nuctech, a Chinese company bidding for an aviation security equipment contract from the operator of Lithuania's three international airports, reported LETA/BNS.

US biotech giant Biogen launches operations in Lithuania

US biotech giant Biogen launches operations in Lithuania

04.12.2020

US-based biotech giant Biogen has this week launched operations in Lithuania where it plans to carry out clinical trials and other projects with local partners. Biogen said on Friday it opened its office in Vilnius on December 1, writes LETA/BNS.


Estonia's security of electricity supply guaranteed until 2030

Estonia's security of electricity supply guaranteed until 2030

04.12.2020

The security of electricity supply for Estonian consumers on the market basis is ensured at least until 2030, both according to the European electricity system sufficiency survey as well as surveys commissioned by the Estonian transmission system operator Elering, writes LETA/BNS.

Yandex Go starts monitoring drivers for speed in Estonia

Yandex Go starts monitoring drivers for speed in Estonia

03.12.2020

The Russia-based ridesharing platform Yandex Go has launched the technology of automatic monitoring of the speed of vehicles also in Estonia, reports LETA/BNS.


03.12.2020

Estonian tech startup Salv raises EUR 1.5 mln

Estonian startup Salv has announced closing a funding round of 1.5 mln euros to expand its anti-money laundering pilot to other European Union countries.

03.12.2020

Sweden's Eliq to open product development office in Vilnius

Eliq, a Swedish company developing customer engagement software for energy suppliers, has announced plans to open a product development office in Vilnius, writes INvest Lithuania.

02.12.2020

Latvian company may face prosecution for giving EUR 2.26 million bribe to Belarusian official

The Corruption Prevention Bureau (KNAB) has asked the Prosecutor General's Office to prosecute a Latvian-registered company for giving a multi-million bribe to a Belarusian state official and tax evasion, informs LETA.

02.12.2020

ICT sector accounted for 4.6% of Latvia's GDP in 2019

Last year, the information and communication technology (ICT) sector accounted for 4.6 percent of Latvia's GDP, Signe Balina, president of the Latvian Information and Communication Technology Association (LIKTA), said at the association's conference DIGI->FIT 2020, cites LETA.

02.12.2020

Estonian company acquires largest data center in Baltics

The Estonian company Greenergy Data Centers has involved the Three Seas Initiative Investment Fund (3SIIF), an investment fund established within the framework of the Three Seas Initiative, as an investor and acquired MCF, the largest data center in the Baltics being established near Tallinn, writes LETA/BNS.

02.12.2020

Lithuania's Cargo Stream expands to France

Lithuanian company Cargo Stream, developing a digital logistics management system, is expanding to France and is establishing a joint enterprise in the port of Dunkerque with local investors, informs LETA/BNS.

02.12.2020

The expenditures on R&D in Estonia rose by 24% in 2019

According to Statistics Estonia, in 2019, the expenditures on research and development (R&D) in Estonia amounted to 453 million euros, which is 24% more than in 2018. The share of R&D expenditures in the gross domestic product was 1.61%, making it the highest share in the last five years.

01.12.2020

Volkswagen investing hundreds of millions in its Estonian subsidiary

In spring, international car manufacturer Volkswagen established a subsidiary in Estonia, Car.Software Estonia AS, the revenue of which according to the Tax and Customs Board was 237 million euros in the third quarter, this is likely to be an intra-group transfer of assets, the "Aktuaalne kaamera" news program of public ETV television reported, cited LETA/BNS.

01.12.2020

Estonia's e-residency program has earned state over EUR 50 mln since launch

Estonia's e-residency program, which celebrates its sixth anniversary on Tuesday, has since its launch earned the state over 50 million euros in direct economic gain, having continued its strong growth even during the emergency situation, informs LETA/BNS.

01.12.2020

Huawei regrets Telia's decisions are influenced by geopolitics

Huawei said on Monday it regrets that decisions by Telia, which has announced that it will eliminate the Chinese technology giant from its 4G and 5G networks in Lithuania, are influenced by geopolitics, informs LETA/BNS.

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