International Internet Magazine. Baltic States news & analytics
Saturday, 13.12.2025, 20:54
Turnover of Lexel Fabrika rose by 17.2% in 2017
Latvia’s Lexel Fabrika, electric equipment and materials plant, last year generated EUR 51.665 million in turnover, up 17.2% year-on-year, and earned EUR 2.881 million in profit in contrast to loss a year ago, writes LETA, according to Firmas.lv business database.
US Carggo to move unit from Moscow to Vilnius
US-based e-logistics company Carggo is moving its software development center from Moscow to Vilnius, with plans to hire up to 65 specialists in the Lithuanian capital by the end of the year, Invest Lithuania said on May 31dt, cites LETA/BNS.
Euronics Latvia turnover increases by 14.4% in 2017
Electrical retailer Euronics Latvia turned over EUR 26.777 million last year, a 14.4% increase on 2016, while the company's profit decreased 4.9% to EUR 625,800, writes LETA, according to Firmas.lv.
Estonian PM, Austrian president discuss EU topics
Estonian Prime Minister Juri Ratas and Austrian President Alexander Van der Bellen during their meeting on May 31st discussed Estonia's experiences from the presidency of the Council of the European Union and topical issues of the European Union, informs LETA/BNS.
Estonia, Canada sign digital cooperation accord
President of the Treasury Board of Canada Scott Brison and Estonian Minister of Entrepreneurship and Information Technology Urve Palo signed a digital cooperation agreement between the two countries which mainly concerns the development of e-governance and artificial intelligence, informs LETA/BNS.
PMs of Estonia, Saint Lucia discuss digital cooperation
During their meeting on Thursday, Estonian Prime Minister Juri Ratas and the prime minister of the Caribbean island nation of Saint Lucia, Allen Michael Chastanet, talked about possible cooperation in the digital domain, informs LETA/BNS.
Aerones drone wins Latvian-American Innovation Award
The winner of the Latvian-American Innovation Award is the wind turbine maintenance drone Aerones, said Ieva Melngaile, the spokeswoman for the American Chamber of Commerce in Latvia (AmCham), cites LETA.
Taxify raises EUR 175 mln from investors
The Estonia-based taxi-hailing platform Taxify has raised altogether 175 million dollars, which takes its valuation to the one billion dollar mark, with the leading investor being the German automotive giant Daimler, informs LETA/BNS.
High tax burden is biggest challenge for Baltic startups
The high tax burden is the biggest challenge for Baltic startups in 2018, said SEB Banka spokesman Martins Panke, citing a survey conducted by the bank, informs LETA.
Turnover of 1a.lv grows by 30% in Q1
In the first three months of this year Latvian online store 1a.lv saw its turnover grow 30% against the same period last year, 1a.lv representative Normunds Namnieks told LETA.
PMs discuss digital cooperation between Estonia, Canada
Estonian Prime Minister Juri Ratas at a meeting with Canadian counterpart Justin Trudeau on May 28th expressed hope that the digital cooperation agreement between Estonia and Canada will bring the development of artificial intelligence to a new level, reports LETA/BNS.
Fractory raises EUR 170,000 from investors
The Estonian startup Fractory has raised an investment of 170,000 euros from Estonian, Dutch, Belgian and Saudi angel investors in the Latitude59 pitch competition for early stage startups, reports LETA/BNS.
Estonian PM encourages Canadian entrepreneurs to invest in Estonia
Prime Minister Juri Ratas along with an Estonian business delegation met with Canadian entrepreneurs, to whom the possibilities of the Estonian digital society and business environment were introduced, with the government leader encouraging the Canadian companies to invest in Estonia, informs LETA/BNS.
Baltic and Nordic regulators sign memorandum on cooperation in electronic communications
The regulators of the Baltic and Nordic countries signed a memorandum in Riga today on cooperation in the sphere of electronic communications, LETA was told at the Latvian Public Utilities Commission.
Estonian eAgronom raises EUR 500,000 from customer investors
Estonian farm management software startup eAgronom has raised 500,000 euros from farmers, who have now become the company's investors, informs LETA/BNS.
«The Baltic Course» Is Sold and Stays in Business!
