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International Internet Magazine. Baltic States news & analytics Tuesday, 10.06.2025, 07:12

Inbokss: the market value of ss.lv might be an estimated EUR 40 mln

BC, Riga, 08.08.2017.Print version
The market value of classified advertisements website ss.lv might be an estimated EUR 40 million, Andris Grikis, the owner of Latvia’s Inbokss IT company, told journalists on August 7th, cites LETA.

Several years ago, Inbokss wanted to acquire ss.lv and offered its owner Juris Linis EUR 20 million.

 

“Linis did not agree to sell the classifieds portal for that price. By now, the market value of ss.lv has substantially increased to at least EUR 40 million,” Grikis said.

 

As reported, the Revenue Service has decided to halt operations of ss.lv, Latvia's largest classified advertisements website, as the portal refused to inform the Revenue Service about automobile dealers not registered with the service.

 

The Revenue Service earlier found that the ss.lv website was being used for illegal business operations by persons buying and selling automobiles who had not registered with the Revenue Service.

 

According to information available at Firmas.lv, SIA SS, the user of ss.lv domain, belongs in equal parts to Linis and Andrejs Kivackis, while SIA Internet, which has also been associated with ss.lv, belongs to Linis (50%), Andrejs Kivackis (25%) and Sergejs Kivackis (25%).

 

In 2016, SIA SS turned over EUR 5.5 million and made a EUR 4.1 million profit, while SIA Internet closed last year with EUR 1.2 million in turnover and a profit of EUR 222,917.






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