bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Monday 30.03.2020 | Name days: Nanija, Ilgmārs, Igmārs
LatviaLatvia

Experts: Estonia and Lithuania cannot compete with major Latvian ICT companies

FaceBook
Twitter
Draugiem
print
(+4 rating, 4 votes)

Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RU

In order for Latvia to become an information and communication technologies (ICT) giant, this should be formulated as a national task. Despite it would be difficult for it to compete with India or China, Latvia does not at all lag behind other Baltic states that much, moreover, it is even more powerful in terms of software development and leading companies, experts of the sector told the business news portal BNN.

Latvia is a very small country, thus it is too much to say it is an IT giant, however, compared to Lithuanian and Estonian IT market, we do not look bad at all, says Komerccentrs Dati Group Board Chairman Aldis Gulbis.

He points out there are differences between all these markets and each of them has something others can benefit from. Estonians stand out with Skype and a common vision for future, while last year the Lithuanian «elite» started to work on attracting investments of major global companies by launching their offices in Lithuania. As a result of this, they attracted Barclays and also IBM opened its research center there, Gulbis says, adding that we should follow these trends.

Lattelecom Technology executive director Rinalds Sproģis points out Latvia could enter international markets as a partner of some other projects, ensuring solutions or services of its competent specialists. If we develop and carry out an innovative solution, it is likely to evoke interest of other countries as well, Sprogis says.

Baltic Data Head Aivars Arums agrees naming his own company as an example. The value added of the company is CD/DVDSoft+R or self recordable discs. We burn copying software to each CD and DVD, thus they are free of copyright, Arums indicates, stressing that copyright per a DVD comprises twenty santims. We produce 4 000 self recordable discs daily, which means we save 800 lats a day and 16 000 lats a month, moreover it is 192 000 lats per year. Besides that, we can also sell these discs abroad, because copyright, for example, in France is very expensive.

Gulbis considers Latvia stands out, because its ICT market is much bigger in terms of companies. He believes neither Lithuania, nor Estonia have companies to compete with Latvia in terms of software development and growth. There is a number of companies in Latvia we can be proud of: Tieto Enator, Accenture, Exigen Services, etc. Moreover, these companies employ much more people than the ones in Lithuania and Estonia, he says, adding that there are also many start-up companies with great future prospects.

Latvia’s ability to compete lies in the fact there were numerous mathematicians in the Soviet times. The intellectual potential in Latvia is huge, Gulbis points out, indicating that the geographical location of Latvia is advantageous as well. The expert notes that we are acquainted with German, Swedish and Russian mentalities. In addition, we are flexible as well and all this will be a great advantage of ours in future, because the world is shrinking but gaining knowledge simultaneously – international communication among different nationalities, races and social levels will grow tighter.

We will be demanded, if we manage to arrange the business environment and work on developing the competitiveness, instead of fighting for the existing one, he says.

Similalry, Sprogis stresses Latvian information and communication technologies companies should not focus on conquering foreign markets, because there are still many tasks and projects to carry out in Latvia.


Leave a reply to Gunnar_A

  1. Gunnar_A says:

    It is good that they have thought about it… however major work has to be invested to set up a promising industry.

Latest COVID-19 data for Baltics. 376 in Latvia, 484 in Lithuania, 715 in Estonia

The number of COVID-19 infection cases in Latvia has reached 376, which is the lowest number of infections among Baltic States. Lithuanian media, meanwhile, report 484 infections. 44 of the infected people are medical workers.

Rīgas satiksme cancels most discounts for the duration of state of emergency

On 27 March Riga City Council’s interim administration decided to cancel most of the discounts offered to residents in public transport to reduce passenger flow and limit the spread of COVID-19, as reported by the city council.

In Spain, 838 people die from COVID-19 one day

In Spain, in one day to Sunday, March 29, 838 people have died from health problems related to COVID-19. Meanwhile, in Italy, for the second consecutive day, the number of lethal cases dropped.

COVID-19 confirmed for Stradins Hospital surgeon

Infection with COVID-19 coronavirus has been confirmed for a surgeon working at Pauls Stradins Clinical University Hospital, as reported by LTV programme Panorāma.

airBaltic to recover pre-crisis operation volumes in 2021, if not sooner

Latvia’s national airline airBaltic may recover its pre-crisis operation volumes in 2021, if not sooner, says airBaltic CEO Martin Gauss.

Russia closes land border; trucks exempt from ban

Russia is closing from Monday, March 30, its borders in a measure to limit the spread of the novel coronavirus in the country, but cargo trucks will be allowed to cross the border, Russian state news agency TASS reports.

Covid-19 update in Baltics. 347 in Latvia, 437 in Lithuania, 679 in Estonia

The number of Covid-19 infection cases in Latvia has reached 347, which is the lowest number of infections among Baltic States. Lithuanian media, meanwhile, report 437 infections.

Week in Lithuania: 5th person succumbs to COVID-19, court postpones January 13 case hearing, new ambassadors appointed

Last week, in Lithuania, the President urged EU leaders to be tougher on COVID-19 after the fifth person in Lithuania died from COVID-19. In other news, Senukai retail chain was cleared by Competition watchdog and a court postponed the hearing of the January 13 case.

BNN summary of the week: Muižnieks reinstated as rector. Friendly fuel prices

BNN gives you a summary of the key events of the past week, told in news stories of the following topics: State of Emergency, Post, Outlook, Solutions, Opinion and Price decline.

1 500 people have returned to Latvia since the beginning of state of emergency

After 27 March, no repatriation flights are planned for Latvian citizens unless it is an emergency, as confirmed by Latvian Foreign Affairs Ministry’s press-secretary Jānis Beķeris.

Covid-19 infection confirmed for a doctor of Rēzekne Hospital

Covid-19 infection has been confirmed for a doctor of Rēzekne Hospital, as reported by Disease Prevention and Monitoring Centre. The centre received this information on Thursday, 26 March. SPKC notes the infected doctor has been provided with recommendations for preventive measures.

Europol warns about rapid crime rate increase during coronavirus pandemic

During the coronavirus pandemic there has been an increase with crime rates, as criminals and criminal organizations quickly adapt their methods, as reported by Europol on Friday, 27 March.

Experts explain | don’t buy into internet offers of slimming pills – they don’t exist!

The healthy lifestyle cult has become more popular in recent years. This tendency has opened the way for greedy snake oil salesmen to get rich at the expense of people who want to become slim, especially now, when residents stay home and want to stay in good shape without exercising.

Estonia orders protective equipment from China for 10 million euros

Estonia has ordered from a company in China antiviral protection and medial equipment worth more than 10 million euros. Tallinn explained supplies could not be ordered in Europe right now, Estonian public broadcaster ERR reported.

Electricity price reduces for households in Latvia

From Q4 2019 onward the price of electricity has reduced, according to the latest market data from the Public Utilities Commission. Prices benefit from warm weather and recovery of water reserves, which allows increasing the power production output at hydroelectric power stations.

Latest Covid-19 data for Baltics. 280 in Latvia, 344 in Lithuania, 575 in Estonia

The number of Covid-19 infection cases in Latvia has reached 280, which means this country has the lowest number of infection cases among the three Baltic States. Lithuanian media report 344 infection cases.

BNN asks | expert speaks about the «panic» over coronavirus SARS-CoV-2

I would like to explain to readers that the word panic may not be the best description for the general mood that has increased in many parts of the world, including Latvia, in the past several weeks because of the new coronavirus.

EU states agree to overcome virus outbreak and economic crisis together

The EU heads of member states and governments have agreed in a distance meeting to fight the virus outbreak in the territory of the bloc with joint efforts, ensuring the supply of medical equipment and funding the development of a vaccine, the EU European Council sated in a press release.

Workers from all industries eligible for idleness benefits in Latvia

After meeting certain criteria, workers from companies working in all industries will become eligible for idleness benefits, as provided by Latvian Cabinet of Ministers supported rules developed by Economy Ministry for support of companies affected by Covid-19.

US surpasses China with largest number of coronavirus infections

In the US, the world’s largest number of confirmed infections of the novel coronavirus has been registered, surpassing the official data of China, American news agency Associated Press reports.

Rules for public transport bus use change in Latvia to limit Covid-19 spread

Latvian municipalities are urged to consider the option to abolish public transport discounts and benefits for certain groups to reduce the risk of people from risk groups getting infected, as well as to more accurately organize the flow of passengers, according to a Twitter post by Latvian Transport Minister Tālis Linkaits.

Latvian government approves Indriķis Muižnieks as rector of University of Latvia

On Thursday, 26 March, Latvia’s government decided without any discussions to approve Indriķis Muižnieks as the rector of University of Latvia.

Bank of Latvia expects country’s GDP to drop 6.5% this year

For 2020 the Bank of Latvia predicts GDP decline of 6.5%. Annual average inflation is estimated at 0.5%, the bank reports.

Lithuania sees upsides to the coronavirus scourge too!

It goes without words – Lithuania, as the rest of the world, has been hit hard by the spreading coronavirus, or COVID-19, pandemic, with the aftermaths of the crisis being likened to 2008-2010 economic crunch. The jobless rate soared 30 per cent during quarantine, year-on-year, over 60 thousand Lithuanians took sick leave. With the dire forecasts that the coronavirus patient toll in the country will peak to nearly 7 thousand cases by May 1, local economy pundits have dramatically worsened this week prognosis for GDP contraction this year.

Vaidere: Latvia to have access to nearly EUR 800 million from EU to battle Covid-19

Latvia will be able to use nearly EUR 800 million from the European Union budget to battle consequences from Covid-19 both in healthcare and the economy, says Latvian MEP Inese Vaidere.


Do NOT follow this link or you will be banned from the site!