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