International Internet Magazine. Baltic States news & analytics
Monday, 05.12.2016, 06:23
As the new Vilnius office of Exadel, an international software engineering company, opens its doors, the company has announced ambitious plans to grow its operations in Lithuania. The US-based company currently employs over 50 specialists in Lithuania, and is now planning to recruit a further 150 staff in the coming two years. This recruitment drive is part of a long-term, five-year development plan for which the company plans to invest €19 million.
Keyword tags: EU – Baltic States, Good for Business, Internet, Investments, Lithuania, Markets and Companies
Unemployment rate in the eurozone was 9.8% in October which is the lowest indicator since July 2009, while the highest unemployment rate growth was registered in Estonia, reports LETA/BNS.
Latvian President Raimonds Vejonis has decided to nominate Leonids Kalnins, Commander of the Joint Headquarters of the Latvian National Armed Forces, as the next chief of defense, reports LETA.
Companies will focus on IoT solutions for smart city and industrial/manufacturing customers, with initial offerings planned for early 2017. Partnership strengthens portfolios of both companies and go-to-market capabilities in market forecast to reach 161 billion USD by 2020. Current partnership includes deals with more than 25 service provider and enterprise customers.
The European Commission has decided in the course of an interim inspection of the present budgetary period to reduce the volume of support set aside to Estonia by 35.4 million euros or about 1%, news portal of the public broadcaster ERR reports cites LETA/BNS.
Latvian startup Funderfun and Finland's SkenarioLabs have won the pitching competition at the technology, lifestyle and startup festival Digital Freedom Festival, as the festival's representative Inga Taurina told LETA.
Rubesa: next year's tasks of the Rail Baltic/Rail Baltica project – to achieve project maturity and implement efficient use of resources
On November 30, 2016 an international conference organized by the Ministry of Transport of Republic of Latvia named “Progress of project Rail Baltic/Rail Baltica 2016” was held in Riga, where the representatives of the ministries and implementing bodies informed about their achieved progress in each of the Baltic states. Among the spokesperson in the conference were representatives from the three Baltic states including the CEO and Chairperson of the Board of the joint venture RB Rail AS –Baiba Rubesa.
The central event of Estonian President Kersti Kaljulaid's two-day visit to Finland that started on Tuesday will be Enter e-Estonia, Estonia-sponsored opening event of the region's biggest technology conference Slush, writes LETA/BNS.
Officials from the Latvian Ministry of Transport met on Tuesday with members of the governing board of the Tartu chapter of the Estonian Free Party to inform the latter that the route of Rail Baltic in Latvia has already been endorsed by the Cabinet of Ministers and will not be changed, writes LETA/BNS.
Lithuanian President Dalia Grybauskaite on Tuesday signed a decree to appoint a new Cabinet led by Prime Minister-designate Saulius Skvernelis, reports LETA/BNS.
Italy’s Constitutional Referendum: What Are the Possible Scenarios for the Italian Financial Sector?
“Currently, there is no clear line of sight between the results of Italy's constitutional referendum and the ultimate destiny of Italian banks. Many plausible scenarios point to a narrowing of options for the banks in distress, and broadly bad news should NO prevail - but the question is, how bad?”
A total of 58 megawatts of the transmission capacity will not be available in the Estonia-Finland direction until the end of December, which makes up about 6 percent of the theoretic total capacity, as the Estonian TSO Elering is performing electric works on the Paide-Kiisa line, but it will probably not influence the price of electricity, writes LETA/BNS.
The average price of electricity in Nord Pool's Lithuanian bidding area fell by 5 percent last week from a weak earlier to 37 euros per megawatt-hour and was down by one-fifth compared with a year earlier, Litgrid said on Monday.
Agricultural output in the EU stood at €411.2 billion in 2015, down by 1.8% compared with 2014. In 2015, about 60% of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added (i.e. the value of output minus the value of intermediate consumption) was at the level of 40% (or €164.6 bn).
Talks to continue with Latvian and Danish architects over reconstruction of Riga Central Rail Station
A jury for the international sketch design competition for construction of the Rail Baltica bridge and complex development of the central multi-modal public transport hub in Riga has awarded second place to two entries, as none of the sketch designs met all the criteria of the contracting party, the jury told LETA today.