International Internet Magazine. Baltic States news & analytics
Monday, 07.07.2025, 06:02
BaltCap Latvia venture capital fund invests in IT company AGroup
BaltCap, the leading private equity and venture capital investor in the Baltic States, invests EUR 1.5 m in Riga-headquartered IT company AGroup to obtain a significant minority stake. This investment is done by BaltCap Latvia Venture Capital Fund which is part of the EU Structural Fund’s co-financed JEREMIE Holding Fund managed by the European Investment Fund in Latvia.
Lithuanian PM tries out new payment service MokiPay
Local and foreign basketball fans during the European Basketball Championship (EuroBasket 2011) will be able to use a unique mobile payment service MokiPay, created by the Lithuanian company MokiPay Europe. This service is an official settlement system of this championship.
Eltel to build FTTH network for TEO in Lithuania
Lithuanian fixed operator Teo has selected network design company Eltel Networks for the fourth year implementation of the optical fibre communication lines project in the largest towns of Lithuania, the operator said.
Cooperation with South Korea offers broader opportunities for Lithuania
President of Lithuania Dalia Grybauskaitė met with the Speaker of the National Assembly of the Republic of Korea, Park Hee-tae, who is currently on a visit in Vilnius. This is the first visit by a high-ranking South Korean official to Lithuania, reports BC presidential press service.
Eurobarometer: Estonians fear getting defrauded in e-commerce
While the popularity of e-commerce is growing in Estonia, only 43% of internet users use the option of buying services and goods online, writes LETA/Postimees Online.
Estonian Elion faced the biggest cyber attack in its history
An unidentified hacker attacked Elion’s e-mail system, attempting to get access to the accounts of the company’s 70,000 e-mail clients, writes LETA/Postimees Online.
First Lithuanian industrial solar module assembly line opened in Vilnius
On Thursday, Lithuanian Prime Minister Andrius Kubilius opened the first Lithuanian industrial solar module assembly line in Vilnius, in Zirmunai Neighbourhood. The line which cost over 20 million litas (5.8 million euros) was set up in the base of the research and production company Precizika, using the financial assistance of the EU funds which reached 10.068 million litas (2.9 million euros).
Lithuania-based Neurotechnology launches new product VeriSpeak
The Lithuania-based provider of high-precision biometric identification technologies Neurotechnology on Wednesday presented the company's new voice identification technology named VeriSpeak, the company told in a statement.
Zatlers' supporters create website reformupartija.lv
A group of supporters of outgoing President Valdis Zatlers has established a website www.reformupartija.lv, as LETA has found out.
Dombrovskis: opening of Samsung call center in Riga highly important for Latvia
The establishment of Samsung call center in Riga, which will serve Baltic and Nordic countries and create 80 new jobs, is very important for Latvia, Prime Minister Valdis Dombrovskis said during a meeting with Korean National Assembly Speaker Park Hee-tae yesterday.
Dombrovskis: by 2020, Latvia will increase the funding for science up to 1.5% of GDP
On July 6, during the meeting with European Commissioner for Research, Innovation and Science Máire Geoghegan-Quinn, Prime Minister of the Republic of Latvia Valdis Dombrovskis acknowledged that Latvia has decided to substantially increase the funding for science and research by 2020 up to 1.5% of GDP. Thereby, in the EU context, it is important to develop sufficiently comfortable approach mechanism for scientists, as well as entrepreneurs, informed BC press secretary to the Prime Minister Mārtiņš Panke.
Tallinn hosts 10th ECIW 2011
The 10th European Conference on Information Warfare and Security takes place in Tallinn on July 7-8, which is hosted by Institute of Cybernetics at Tallinn University of Technology in collaboration with the Cooperative Cyber Defense Center of Excellence, Tallinn, Estonia, the Estonian Convention Bureau reports.
Ambassador: Estonia can share with OECD its experiences in eGovernance
Estonia’s ambassador to OECD Marten Kokk stated that Estonia can offer quite a lot to OECD, for example its experiences from constructing and developing its e-Government and e-services sector, writes Äripäev.ee/LETA, citing the Public Sector Yearbook.
Banks have 1.81 mln internet banking customers in Estonia
As of end of June 2011, commercial banks operating in Estonia had a total of 1,811,861 internet banking customers, writes LETA/Delfi.ee.
BalticMiles members can spend points for music
The BalticMiles loyalty programme has teamed up with Universal Music to offer members access to online music store. Songs and albums by The Rolling Stones, Lady Gaga, U2, Johnny Cash, and other artists represented by Universal Music will be available for download.
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