News in English
4 December, 2013, the first Vilnius Innovation Forum (Innovation Drift), organized by the Ministry of Economy of the Republic of Lithuania and the Agency for Science, Innovation and Technology (MITA) has been launched; for two days more than 600 participants will discuss the importance of innovation in Europe's economy.
Lithuanian operators saw their revenue from mobile and wireless data transmission services grow by 15.19 percent year-on-year to LTL 32.177 million in the second quarter of 2013, reports Vz.lt, citing a study from the national telecommunications regulator RRT. Omnitel accounted for 52.9 percent of all retail data transmission revenues.
The first two satellites developed by Lithuanian scientists will be launched into space soon autumn. The United States’ National Aeronautics and Space Administration (NASA) will place the first of two satellites – the "LitSat-1” created by a joint team from Kaunas Technology University (KTU) and the Space Sciences and Technology Institute in Vilnius – into orbit after final preparations.
During the M&A and Private Equity Forum 2013 held in Riga on 24-25 October, a panel discussion on what the Baltic governments say and do concluded that the eco-systems for Latvian and Lithuanian private equity (PE) and venture capital (VC) funds are very good, one of the few areas where these two countries are ahead of Estonia (for example, in acquiring JEREMIE funds).
By Shane Cole
What began as a spark of inspiration between two brothers has grown into one of the most popular image editing applications in the world, and the team that brought it to life has done so from one of the software industry's least likely locations.