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Wednesday, 16.07.2025, 10:12
KPMG suggests transforming Lattelecom, LMT into Baltic telecommunications operator
Considering the current market position of Latvian telecommunications companies Lattelecom and Latvijas Mobilais Telefons (LMT), the market development trends and potential effects on the competition and prices for services, KPMG Baltics audit company recommend creating a leading, listed and integrated Baltic telecommunications operator with a balanced shareholder structure, taking into account the interests of Latvia's population, reports LETA.
PM: Latvia cannot afford to lose control over Lattelecom, LMT
Latvia cannot afford to lose control over telecommunications companies Lattelecom and Latvijas Mobilais Telefons (LMT), Prime Minister Maris Kucinskis (Greens/Farmers) said on the LNT commercial television on Wednesday. He pointed out that at the moment the two companies were the leading players in their respective sectors and had a very good reputation, writes LETA.
Vilnius, Tallinn, Riga to show Baltic movies for free
The Baltic Film Days 2017 will be held in Vilnius for the first time at the end of August – it is a unique event featuring Lithuanian, Latvian and Estonian productions on the same week in Riga, Tallinn and Vilnius, the Lithuanian Film Center said, cites LETA/BNS.
Latvian PM: tax evasion through car dealer schemes amounts to EUR 50 mln
As a result of the tax evasion schemes used by car dealers, the Latvian budget has lost about EUR 50 million in unpaid taxes, Prime Minister Maris Kucinskis (Greens/Farmers) said on the LNT commercial television on August 9th, cites LETA.
Intertrust Technologies acquires Estonia's Planet OS
The U.S. software technology company Intertrust Technologies Corporation has acquired the Estonian geospatial big data service provider Planet OS, informs LETA/BNS.
Global incubator 1776 selects Vilnius Tech Park to host Challenge Cup 2017
Global Network for Innovation 1776 and Vilnius Tech Park today announced they will join forces on 22 September in Vilnius to organise a local round of Challenge Cup 2017, an annual global competition around the world to identify the most promising startups that solve the world’s biggest challenges. This year Vilnius is one of 75 cities, where the competition is taking place, including Dublin, Athens, Dubai, Osaka, reported BC communications manager of Vilnius Tech Park Agne Jakimaviciute.
Taxify planning to grow 20-fold in 5 years
The Estonian ride-sharing service Taxify is hoping to grow 10 to 20-fold in five years and is planning to hire approximately 100 new employees in Tallinn within a year, writes LETA/BNS.
Telia Lietuva buying Duomenu Logistikos Centras
Lithuania's state-run energy holding Lietuvos Energija and electricity transmission system operator Litgrid are selling data communication and data center operator Duomenu Logistikos Centras (Data Logistics Center, or DLC) for an unspecified sum of money to telecommunications company Telia Lietuva, cites LETA/BNS.
Philips Baltic sees turnover grow, profit drop in 2016
Philips Baltic turned over EUR 20.172 million in 2016, up 9.5% against a year before, while the company’s profit declined 11.1% to EUR 356,033, writes LETA, according to information available at Firmas.lv.
Estonian Elron to update its ticket sales system
Eesti Liinirongid AS, the state-owned Estonian operator of passenger trains that conducts its business under the Elron brand in August 2017 is set to start transfer to a new ticket sales system, which includes an online sales environment, hand-held sales terminals for the customer service representatives and a modern ticket machine, while ticket validators will also be installed in the trains, reports LETA/BNS.
Inbokss: the market value of ss.lv might be an estimated EUR 40 mln
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.
Lithuania to use famous musicians, Kaunas modernism for presentation abroad
The Lithuanian government's office suggests making a video for audiences abroad for the upcoming 100-year anniversary of independence, saying that the country should be presented by accordionist Martynas Levickis and conductor Mirga Grazinyte-Tyla, reports LETA/BNS.
ss.lv advertisements portal to be shut down for not cooperating with Revenue Service
The State 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, as Sandra Karklina-Admine, head of the Revenue Service's Tax Control Department, told a press conference on August 3rd, cites LETA.
Livonia Partners, LHV, Skype founders may invest in Lithuania's Cgates
Baltic private equity fund Livonia Partners jointly with the Estonian bank LHV's pension fund and Skype's founders have applied for a approval to invest in Lithuania's second-largest television and Internet provider Cgates, writes LETA/BNS.
1a.lv turnover rises 37% in 2016
Company Mobilukss, which runs the 1a.lv online store, posted EUR 31.512 million in turnover in 2016, a 37% increase on 2015, but the company's profit decreased 6.9% to EUR 33,320, reports LETA, according to Firmas.lv.
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