Other events in Baltic States

Estonian businessman, investor and Skype's founding engineer Toivo Annus passed away as a result of an unexpected illness at the age of 48 on Sunday, informs LETA.

Annus' business success began with the creation of Skype, after which he was active as an investor in several business projects.

In August of last year, BNS reported that the asset value of Ambient Sound Investments (ASI), investment company of Estonian co-founders of Skype, grew 17.5 percent on year to 131 million euros in 2018.

In 2010, Annus was awarded the Order of the White Star, 5th Class, by the president.